Independent Film Development Corp
O/S: 585,867,360 (October 14, 2016)
AS raised from 2B to 6B on 10-6-16
Real Estate Development
WHAT WE DO
With offices in New York City and Beverly Hills, IFLM is a diversified, publicly held real estate and entertainment company, whose common stock trades under the ticker symbol, IFLM. Management has developed a business plan of operations to acquire and develop undervalued and/or distressed commercial/residential real estate, and themed resort and hotel properties. The company’s plan of operations seeks to acquire real estate assets which present high value creation potential due to the complexity or illiquidity of their existing ownership and/or capital structure. In such situations, IFLM will seek to actively work through the complexities, gain control of the asset, actively manage, recapitalize and thereby create value. For those assets lying within the hospitality space, IFLM will leverage its entertainment, hospitality and film expertise to transform the properties into genre themed hotels and resorts. The final product will be a paradigm-shifting convergence of hospitality and entertainment, providing guests with a full immersion experience during their stay. For those assets lying outside of the hospitality space, IFLM will sell the assets at a price which realizes that added value creation for its investors.
Chief Executive Officer Jeff Ritchie was born and raised in Kansas. At the age of 21, he joined the Topeka Police Department and for the next seven and half years, he worked on everything from undercover narcotics and criminal intelligence to a federal drug enforcement task force. Moving to LA, Ritchie went into film production, and produced his first film within a year of arriving. He then went on to produce, direct and write more than thirteen feature films and dozens of national commercial spots. During this time he developed and ran five separate production companies. Because of his creative talents, Mr. Ritchie was sought out by IFLM, offering Ritchie the position of CEO. He took the company still in its incubation stage to a fully reporting public company. Just this year, Mr. Ritchie stepped down as CEO of IFLM to make way for David Garland, as the company’s strategic focus shifted to real estate. The company focuses on developing genre themed hotel resorts and theme parks. This was Mr. Ritchie's brainchild which he developed from his 20+ years in the film industry, as well as his real estate investment and development work in LA’s San Fernando Valley. The ultimate goal is to match the best of creative Hollywood talent with hospitality and entertainment, creating the next generation of hotels, resorts and parks. Mr. Ritchie is focusing on this with the Port Royale and Hilltop Manor theme resorts.
CFO Rachel Boulds joined IFLM in February of 2012 and handles all things financial for the Company. From August 2009 to the present, Ms. Boulds has been engaged in her sole accounting practice, providing all aspects of consulting and accounting services to clients, including the preparation of full disclosure financial statements for public companies to comply with GAAP and SEC requirements. From August 2004 through July 2009, she was employed as an Audit Senior for HJ & Associates, LLC, where she performed audits and reviews for public and private companies including the preparation of financial statements to comply with GAAP and SEC requirements. From 2003 through 2004, Ms. Boulds was employed as an Audit Senior for Mohler, Nixon and Williams. From September 2001 through July 2003, Ms. Boulds worked as an ABAS Associate for PriceWaterhouseCoopers. From April 2000 through February 2001, she was employed as an eCommerce Accountant for the Walt Disney Group’s GO.com. Ms. Boulds holds a B.S. in Accounting from San Jose University, 2001 and is licensed as a CPA in the state of Utah.