Replies to post #2450 on Independent Film Development Corp. (IFLM)

[Stock_Barber]

Utter coincidence...

Last year they announced they were building a huge amusement park and hotel! Never heard a peep about that one again!

Now it is a restaurant! Think we'll ever hear about it again?

IFLM Appoints David Garland as Chief Executive Officer
LOS ANGELES, CA--(Marketwired - Jan 16, 2014) - Independent Film Development Corporation (OTCQB: IFLM), with a plan of operations to develop themed resorts and hotels, announced today that it has appointed David Garland as the Chief Executive Officer for the company. He replaces interim CEO George Ivakhnik, who moves over to the position to the Chief Investment Officer for Real Estate Operations.
Garland joins IFLM as the CEO as the company moves forward with its Hilltop Manor Resort and Theme Park project. IFLM's Hilltop Manor is a theme resort like no other, dedicated to executing on the most advanced FX technology to provide a full-immersion entertainment experience. To be built on an existing 500 acre Catskill Mountain resort, the company is engaging some of the top Hollywood artists and designers to develop the rides and experiences of the park, all showcasing the inexplicable, the mysterious and the unknown.
"The plan to develop themed entertainment resorts is a good fit for current market trends," Garland said. "The future of this industry is convergence: the convergence of the hospitality and the entertainment industries. IFLM is ideally positioned to be a major participant and innovator in full immersion entertainment. Current demographic trends also mean that we are at the front of a wave of retiring Baby Boomers who will have more dollars and more free time to invest in new entertainment experiences." Guests will be able to spend a day or a week living and having experiences like those in Ancient Aliens, The Hunger Games, and The Twilight Zone rather than just seeing them in films or on television.
IFLM's Hilltop Manor concept is a departure from the typical American theme park, but then again, that's the point. Consumer tastes have changed over the last ten years or so, prompted by new advances in technology, on-screen as well as off-screen. Cultural trends, such as reality television and a movement toward all-new, immersive entertainment experiences, are also fueling growth in this industry.
"Mr. Garland has a perfect eye for repositioning the company in the immersive entertainment space," said Chief Operating Officer Jeff Ritchie. "His background rounds out the executive team and he is the perfect person to have at the helm to ensure our team stays focused on the vision and executes. We are thrilled to be working with him."
Garland is a proven leader with cross-industry experience from real estate to technology. With an MBA from Wharton, he has nearly twenty years' experience in strategic business transformation/turnaround, operational re-engineering and financial restructuring. Starting with Deloitte Consulting in New York and Tokyo, he joined AIG from 2008 until 2011 to restructure their multi-billion dollar insurance operations following the 2008 financial crisis. Other successful engagements in corporate transformation and execution have included IBM (technology services), Epoch Investment Partners (asset management), J.H. Cohn (real estate) and BNX (retail). He has also successfully launched and held executive positions in businesses from retail to marketing.
In 2012 Mr. Garland launched a bid for the New York Senate seat from his home district in Manhattan, and since late 2012 he has been a Managing Director with private equity firm 51/49 Group, Inc. based in New York.