Independent Film Development Corp. (IFLM)

Independent Film Development Corp

http://www.indyfilmcorp.com/

O/S: 585,867,360 (October 14, 2016) 
 

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.