(via Thenewswire.ca)

IRVINE, CA / TheNewswire / September 4 , 2015 - Independent Film Development Corp . ("IFLM") ( OTCPink: IFLM ), a diversified, publicly-held real estate and entertainment company, today announced that it will be issuing Anti-Dilutive Convertible Preferred Stock to its Affiliates and Insiders in exchange for the Affiliate Debt & Insider Loans in the company. The exchange will effectively eliminate all of the Insiders Debt from the financial statements of Independent Film Development Corp .

"By eliminating our Management and Insider Debt in exchange for Convertible Preferred Equity Instruments, we are advancing our ongoing negotiations to bring down our non-affiliate debt" said IFLM CEO Jeff Ritchie. "Our priority is to bring our debt to equity ratio down, so that we can attract investment & equity into the Company. Additionally, Independent Film Development Corp. will seek to issue these securities, as stock dividends, to its stockholders, pending FINRA approval."

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 and management and digital film creation and distribution.

Safe Harbor Statement

This release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E and/or 27E of the Securities Exchange Act of 1934 that are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including statements as to the future performance of the company and the risks and uncertainties detailed from time to time in reports filed by the company with the Securities and Exchange Commission. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Although the company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct. Factors that could cause results to differ include, but are not limited to, the company's ability to raise necessary financing, retention of key personnel, timely delivery of inventory from the company's suppliers, timely product development, product acceptance, and the impact of competitive services and products, in addition to general economic risks and uncertainties.

For more information please contact:

C.David Pugh, CCO of IFLM

914-763-3229

D ave P @ I ndy F ilm C orp.com

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