IFLM NEWS:
IFLM Completes Hospitality Acquisition
IRVINE, CA / ACCESSWIRE / October 12, 2015 / Independent Film Development Corp. (IFLM), a diversified, publicly-held hospitality and entertainment company, today announced that it completed the acquisition of C2C Restaurant Group of New York in an all stock deal.
"We've closed the deal and we're locked in," said Jeff Ritchie, CEO of IFLM. "We look forward to opening the first location of Chef Eddie G's Kitchen in East Harlem in the coming weeks."
"Now that the legal is done, I can get back to doing what I do best - serving my guests," said C2C President Edward Gallagher. "The lease is signed - I have the keys. We just need to finish the build out and open the doors."
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The first location of the flagship restaurant, Chef Eddie G's Kitchen, is to be located on Park Avenue in Manhattan and is slated to open during the fourth quarter of this year. It is themed as a global small plate steakhouse, with a sharing menu priced at five, ten, fifteen and twenty dollars. A bar stocked with regional favorites including selections from local wineries and micro-breweries is also planned. Originally slated for a mid-October opening, IFLM management is targeting an early to mid fourth quarter 2015 opening.
"Our hospitality division will be run entirely by Chef Eddie G and his team of pros," said Ritchie. "Any revenue generated will be consolidated onto IFLM's balance sheet. We are determined to return value to the shareholders."
About Independent Film Development Corp.
Based in Irvine, California, Independent Film Development Corporation is developing a multi-pronged approach to commercial real estate acquisition, hospitality management and digital content creation.
