Imperia Entertainment Receives Fourth Quarter Earnings From “All That I Need,” Management Comments on Current Events

SOURCE:

Imperia Entertainment, Inc.

2008-03-31 06:05:00

Imperia Entertainment Receives Fourth Quarter Earnings From “All That I Need,” Management Comments on Current Events

BEVERLY HILLS, CA–( EMWNews – March 31, 2008) – Imperia Entertainment, Inc. (PINKSHEETS: IMPN) announced today that it has received three figure fourth quarter

earnings from the exhibition of its 2005 film, “All That I Need” in

Lithuania, Cyprus and Scandanavia, see attached PDF report. “We are pleased

with the current progress of the Company, including our holding company,

Independent Film Development Corporation becoming a reporting company on

April 20, 2008.

http://sec.gov/Archives/edgar/data/1425883/000108671508000013/ifdcform10032608s.htm

“Our sales company, Signature Entertainment, opening its doors for business

in July 2008,” said Jeff Ritchie, Chief Executive Officer. “Existing

investors are strongly encouraged to call the company to discuss the latest

news and their individual stock positions,” said George Ivakhnik, Vice

President Capital Markets at 310-275-0089. 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 pound.

ABOUT INDEPENDENT FILM DEVELOPMENT CORPORATION

Independent Film Development Corporation (www.independentfilm.com) is a

holding company, investing in the securities of film and film distribution

companies. We have acquired 70% of the equity interests of Imperia

Entertainment, Inc., a film production company, and 100% of Signature

Entertainment, LLC, 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 IMPERIA ENTERTAINMENT

Imperia Entertainment, Inc. (www.imperiaentertainment.com) has recently

changed management and is pursuing a new plan of operations; emphasizing

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 IFDC’s

new film distribution subsidiary, 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, and “The New Three Stooges”

cartoon series, a series of 156 cartoons and 41 live wraparound skits

featuring The Three Stooges, and seven other television movies.

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.

Imperia Entertainment, Inc.
George Ivakhnik:
310-275-0089
or

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