SOURCE: Imperia Entertainment Inc

June 10, 2008 14:54 ET

Avant Premiere of "Say It in Russian" at Monte-Carlo Television a Smashing Success

MONTE-CARLO, MONACO--(Marketwire - June 10, 2008) - Imperia Entertainment, Inc (PINKSHEETS: IMPN) announced that last night's special public screening of the feature film, "Say It in Russian" during the Monte-Carlo Television Festival was attended by approximately 300, including international journalists as well as the general public. A red carpet arrival greeted stars Rade Sherbedgia, Agata Gotova, and Composer Igor Nikolaev, who rose to fame in Eastern Europe as one of Russia's most famous rock stars, and who is now known also for composing the lyrical theme of the movie. A dozen photographers from different news agencies and magazines covered the event. Agata Gotova wore a bracelet made of rare pearls loaned by Stardust of Monte-Carlo.

On stage a short question and answer about the film was followed by its first open to the public screening. "We are very grateful to His Supreme Highness the Prince Albert II, the Festival President David Tomatis and the people of Monaco for their gracious hosting of this event," said Jeff Ritchie, C E O. Today, after a full press day of interviews, both producers and talent will be received by the Monegasque Minister of State

ABOUT IMPERIA ENTERTAINMENT

Imperia Entertainment, Inc.'s (www.imperiaentertainment.com) plan of operations emphasizes three main areas of film production and finance; Co-financing projects with A-List talent attached, acquiring product in the development stage, and its own film production. This, coupled with film distribution through parent company; Independent Film Development Corporation (IFDC's) new film distribution portfolio company, Signature Entertainment, LLC, makes up the new revenue model for the Company. The Company will emphasize not only new projects with A-List talent attached, but also its own library of feature films and television programming, including, "Say It in Russian" starring Faye Dunaway, the award-winning "Autograph" television series, "The New Three Stooges," and seven other television movies. Interested parties can join daily investors' roundtable discussions with management at 1:30 p.m. Pacific Time, daily, by calling 1-605-990-0700, and entering access code 444636#.

ABOUT SIGNATURE ENTERTAINMENT

Signature Entertainment, LLC, is a film distribution company, specializing in the marketing and sales of independent films. Signature's management has a marketing and sales staff with over 23 years collective experience in identifying, producing, marketing and selling filmed entertainment. The majority of Signature's business operates in a small, low risk, and profitable segment of the entertainment industry that connects the independent filmmakers and distribution outlets.

ABOUT INDEPENDENT FILM DEVELOPMENT CORPORATION

Independent Film Development Corporation (www.independentfilmdevelopment.com) is a business development company, concentrating on investing in and lending management guidance to film and film related companies with an emphasis on film distribution. IFDC's plan of operations is to build shareholder value by acquiring the securities of portfolio companies engaged in independent film sales, distribution and production, and to help management in those portfolio companies build a Keiretsu, with the goal of that Keiretsu becoming a significant competitor to mini-major studios, such as Lions Gate. The innovative Kereitsu model has been created to structure and finance IFDC's portfolio companies and individual film production and distribution projects.

The IFDC Keiretsu is modeled around one central business development company, IFDC, which acts as like a venture capital fund, and has the ongoing potential to supplement and guarantee cash flows for any illiquid components of the structure. IFDC owns securities of two portfolio companies, working together as one manager, to advise a series of privately funded multi class opportunity funds, beginning with Imperia Film Fund, LLLP. This private film fund is a multi class structure, consisting of Class A, which directly invests in film productions and is managed by Imperia Entertainment and Class B, which invests directly into film acquisition, sales and distribution, managed by Signature Entertainment, LLC, or Class C, a combination of Classes A and B, which allows the investor more diversity. The Imperia Film Fund invests on a pari-passu basis with private investors in individual film productions and individual film library acquisitions and distributions.

Contact Information

  • Contact:
    Imperia Entertainment, Inc.
    Jeff Ritchie
    310-275-0089
    Email Contact