SOURCE: independent film developments corp.

November 28, 2011 08:30 ET

IFLM to Launch

LOS ANGELES, CA--(Marketwire - Nov 28, 2011) - Independent Film Development Corporation (OTCBB: IFLM), an international distributor of digital films and producer to the multi-billion dollar Independent Film Industry, announced today that it has been building for the last 6 months and plans on launching the web property prior to the end of Dec 31 this year.

The property promises to be an Internet based entertainment web property specializing in social networking and resourcing, production, development and distribution for independent film and television industry. The revenue model is to sell and market services to the community of entertainment professionals and non professionals in the form of classifieds, education forums, advertising as well as providing a stable for unique projects to fit in the overall company umbrella. The model provides a unique revenue platform that includes anyone from established professionals looking for the next generation talent to young up-and-coming professionals breaking into the industry.

CEO Jeff Ritchie said, "We are extremely excited about Hollywood Indy, we have been developing this property for some time and it is aimed to be uniquely positioned within the industry and provide a one stop shop for Indy filmmakers and their fans. Management for the property is anticipated to be announced shortly."

This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Independent Film Development Corporation and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.

Contact Information