BEVERLY HILLS, CA -- (MARKET WIRE) -- 03/31/08 -- Imperia Entertainment, Inc. (PINKSHEETS: IMPN) announced today that it has received three figure fourth quarter earnings from the exhibition of its 2005 film, "All That I Need" in Lithuania, Cyprus and Scandanavia, see attached PDF report. "We are pleased with the current progress of the Company, including our holding company, Independent Film Development Corporation becoming a reporting company on April 20, 2008.

http://sec.gov/Archives/edgar/data/1425883/000108671508000013/ifdcform10...

"Our sales company, Signature Entertainment, opening its doors for business in July 2008," said Jeff Ritchie, Chief Executive Officer. "Existing investors are strongly encouraged to call the company to discuss the latest news and their individual stock positions," said George Ivakhnik, Vice President Capital Markets at 310-275-0089. Interested parties can join daily investors' roundtable discussions with management at 1:30 p.m. Pacific Time, daily, by calling 1-605-990-0700, and entering access code 444636 pound.

ABOUT INDEPENDENT FILM DEVELOPMENT CORPORATION

Independent Film Development Corporation (www.independentfilm.com) is a holding company, investing in the securities of film and film distribution companies. We have acquired 70% of the equity interests of Imperia Entertainment, Inc., a film production company, and 100% of Signature Entertainment, LLC, a film distribution company, specializing in the marketing and sales of independent films. Signature's management has a marketing and sales staff with over 23 years collective experience in identifying, producing, marketing and selling filmed entertainment. The majority of Signature's business operates in a small, low risk, and profitable segment of the entertainment industry that connects the independent filmmakers and distribution outlets.

ABOUT IMPERIA ENTERTAINMENT

Imperia Entertainment, Inc. (www.imperiaentertainment.com) has recently changed management and is pursuing a new plan of operations; emphasizing three main areas of film production and finance; Co-financing projects with A-List talent attached, acquiring product in the development stage, and its own film production. This, coupled with film distribution through IFDC's new film distribution subsidiary, makes up the new revenue model for the Company. The Company will emphasize not only new projects with A-List talent attached, but also its own library of feature films and television programming, including, "Say It In Russian" starring Faye Dunaway, the award-winning "Autograph" television series, and "The New Three Stooges" cartoon series, a series of 156 cartoons and 41 live wraparound skits featuring The Three Stooges, and seven other television movies.

This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Imperia Entertainment, Inc. and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.

Imperia Entertainment, Inc.
George Ivakhnik:
310-275-0089
or
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