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Imperial Equities Inc.

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Edmonton's Food Bank Secures Major Contribution From Imperial Equities to Meet Space Challenges During COVID-19

Canada NewsWire

EDMONTON, April 20, 2020 /CNW/ - Edmonton's Food Bank and Imperial Equities Inc. (TSX-V: IEI) today announced the donation of 10,000 ft2 of Imperial's local warehouse space to help ensure the Food Bank has needed warehouse and storage space available to manage through COVID-19 challenges. Given the increased need for social distancing, the Food Bank requires additional space for equipment storage and to create space to ensure its work areas allow for adequate distance between staff, volunteers, donors and clients to move on site. 

The new donated space (market value $60,000.00) will be made available at zero cost to the Food Bank for six months. The Food Bank will be using the new space as storage; it's main service location will not change. 

"In order to space out some of our operations and to create physical distancing in our current warehouses, we want to move some items to a different warehouse on a temporary basis.  These surplus items include boxes, bins, Candy Cane Lane support material, etc.  We reached out to Sine Chadi (CEO of Imperial Equities), the Edmonton Philanthropist, about the warehouse his company owns, directly across from the Annex. Sine and Imperial Equities have been gracious and kind to help us help the community with the use of this warehouse" says Marjorie Bencz, Executive Director.

"We are very pleased to be able to provide this space to Edmonton's Food Bank during this crucial time," said Sine Chadi, President and CEO of Imperial Equities Inc."We know that so many more people are relying on this organization for support and that it must not only work to meet increased need, but structure its operations so ensure sufficient social distancing that will protect the health and safety of all those on site."

About Imperial Equities Inc:

Based in Edmonton, Alberta, Imperial Equities Inc. is a publicly traded company anchored by commercial and industrial real estate properties in its targeted markets throughout Western Canada. Additional information is available at: www.imperialequities.com. Imperial's common shares are listed on the TSX Venture Exchange under symbol IEI.

About Edmonton's Food Bank:

Edmonton's Food Bank provides food to about 25,000 people through our hamper programs every month. Of those receiving food through our hamper programs, approximately 40% are children under the age of 18. Edmonton's Food Bank also provides food for 500,000 meals and snacks through over 250 agencies, churches, schools and food depots monthly. Edmonton's Food Bank relies on the generosity of the community and food industry partners to assist those in need in Edmonton. For more information, please visit edmontonsfoodbank.com.

SOURCE Imperial Equities Inc.

Cision View original content: http://www.newswire.ca/en/releases/archive/April2020/20/c5119.html

Editorial Contacts: Sine Chadi, CEO, Imperial Equities Inc., Phone: 780 424-7227, Email: askus@imperialequities.com; Tamisan Bencz-Knight, Edmonton's Food Bank, Manager of Strategic Relationships & Partnerships, P: 780.425.2133 ext. 232/ 780-918-6984Copyright CNW Group 2020

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