SOURCE: Independent Film Development Corporation

Independent Film Development Corporation

September 10, 2013 10:30 ET

IFLM Shareholder Letter Showcases Move to Theme Resort Properties

LOS ANGELES, CA--(Marketwired - Sep 10, 2013) - Independent Film Development Corporation (OTCQB: IFLM), a development stage producer and distributor of digital content to the multibillion dollar Independent Film Industry, is pleased to announce that it has issued a letter from IFLM interim CEO George Ivakhnik, to update shareholders on the status of the Company.

Full text of Ivakhnik's letter to our shareholders is available here:

"This letter gives us the opportunity to highlight IFLM's movement into the theme park / resort space and to demonstrate how we believe the past year's hard work and many accomplishments can transform our corporate goals into long-term growth and shareholder value," said Ivakhnik.

At its heart, the themed resort tentatively named Hilltop Manor is a place where guests can experience extraordinary things; things like ghosts in a European Castle or mysterious creatures moving beneath a lake's surface. Hilltop Manor guests can experience all of these exhilarating feelings and more, all in the safety and security of a modern, 21st Century resort. In short, it is a place where we collectively celebrate things that go bump in the night.

Highlights from the Letter
The letter recaps recent advancements made in IFLM's business, including:

  • The launch of a real estate development division
  • The signing of a memorandum of understanding with an existing resort to develop a theme park and production studio
  • An overview of the park's functional business units and revenue streams
  • An overview of some of the park's restaurants and rides

About the Independent Film Development Corp.:

Based in Los Angeles, California, Independent Film Development Corporation has developed a business plan of operations of developing genre themed studio style resorts, film sales and distribution, film development, and an Internet social networking and resourcing website, for independent film and television development, production, and distribution.

Forward-Looking Statements:

This press release includes forward-looking statements concerning the future performance of our business, its operations and its financial performance and condition, and also includes selected operating results presented without the context of accompanying financial results. These forward-looking statements include, among others, statements with respect to our objectives and strategies to achieve those objectives, as well as statements with respect to our beliefs, plans, expectations, anticipations, estimates or intentions. These forward-looking statements are based on our current expectations. We caution that all forward-looking information is inherently uncertain and actual results may differ materially from the assumptions, estimates or expectations reflected or contained in the forward-looking information, and that actual future performance will be affected by a number of factors, including economic conditions, technological change, regulatory change and competitive factors, many of which are beyond our control. Therefore, future events and results may vary significantly from what we currently foresee. We are under no obligation (and we expressly disclaim any such obligation) to update or alter the forward-looking statements whether as a result of new information, future events or otherwise.

Contact Information

  • Corporate Contact:
    C. David Pugh
    Email Contact

    Investor Contacts:
    Benchmark Advisory Partners
    Timothy Connor
    (858) 568-7059
    Email Contact