SOURCE: Imperia Entertainment, Inc.

May 13, 2008 14:42 ET

Imperia Entertainment and Signature Entertainment Form Film Fund for Financing Independent Film Production and Distribution

BEVERLY HILLS, CA--(Marketwire - May 13, 2008) - Imperia Entertainment, Inc. (PINKSHEETS: IMPN) and sister company, Signature Entertainment, LLC announced today the formation of a private equity film fund, Imperia Film Fund, LLLP, https://esos.state.nv.us/SOSServices/AnonymousAccess/CorpSearch/CorpDetails.aspx?lx8nvq=IBvAkLAwmzYwaUP51lQ%252bRQ%253d%253d, open to institutional and accredited investors only. Film projects and acquisitions for distribution will be selected based upon their salability. Every project will require a good script, the attachment of named actors, a solid director and production team, and distribution already in place. Under the supervision of the fund manager, the General Partners will seek to acquire and produce only projects that fit this investment criteria.

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 subsidiary, 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 related companies with an emphasis on film distribution. IFDC's plan of operations is to acquire the securities of portfolio companies engaged in independent film sales, distribution and production, with a goal toward our portfolio companies combining management, contacts and financing to become a significant competitor to mini-major studios, such as Lions Gate.

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 Imperia Entertainment, Inc. 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

  • Contact:
    Imperia Entertainment, Inc.
    George Ivakhnik
    310-275-0089
    Email Contact