Shortly after today’s opening bell, Imperial Petroleum announced that it has retained Wolfe Axelrod Weinberger Associates LLC as its investor relations firm to communicate the company’s strategic goals and business developments to the investment community.
Mr. Jeffrey T. Wilson, CEO of Imperial Petroleum, noted, “Imperial has reached an inflection point in its growth that warrants an active investor relations program. After a careful search and review, we have selected Wolfe Axelrod Weinberger Associates to assist us in our investor relations efforts because of its focus on emerging microcap companies and its extensive contacts among investors who are interested in new, potentially rewarding investment opportunities.”
According to the press release, Imperial Petroleum believes the firm can help them improve shareholder value by increasing awareness and communicating its value proposition to investors.
Mr. Stephen D. Axelrod CFA, Managing Member of Wolfe Axelrod Weinberger Associates, commented, “We are pleased to be chosen to represent Imperial Petroleum as its investor relations agency. Imperial is engaged in several areas of energy production but has focused on the production and sale of biodiesel and biofuels.”
In just a short time, Imperial has established itself as a leading producer of biodiesel fuel. Since acquiring e-biofuels last year, the company has doubled its biodiesel capacity to over 30 million gallons per year. With the present ramp up in sales, Imperial has achieved profitability and positive cash flow and is now looking to further increase its capacity to meet the demand for a biodiesel fuel that offers a high quality substitute fuel and/or fuel additive.
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