IFLM Appoints David Garland as Chief Executive Officer
16 January 2014 - 10:08PM
Marketwired
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.
About Independent Film Development Corp.:
Bi-coastally based in Los Angeles, California and New York, New
York, Independent Film Development Corporation's business plan of
operations is to develop genre themed studio style resorts; to
engage in film sales, distribution, and production; and to operate
an Internet social networking and resourcing website for
independent film and television development, production, and
distribution.
Forward-Looking Statements:
This press release includes forward-looking statements
concerning the future performance of our business, its operations
and its financial performance and condition. These statements
include, among others, statements with respect to our objectives
and strategies to achieve them, and statements with respect to our
beliefs, plans, expectations, anticipations, estimates or
intentions, and are based on our current expectations. We caution
that all forward-looking information is inherently uncertain and
actual results may differ materially from the assumptions,
estimates or expectations reflected or contained in the
forward-looking information, and that actual future performance
will be affected by a number of factors, including economic
conditions, technological change, regulatory change and competitive
factors, many of which are beyond our control. Therefore, future
events and results may vary significantly from what we currently
foresee.
Corporate Contact: IFLM C. David Pugh 914.763.3229 Email
Contact
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