Independent Film Development Corp. ("IFLM" -- OTCPink: IFLM), a publicly-held company, announced today that it has not issued any new press releases since 2016. Moreover, the company announced that any press release re-published on any website, including those targeting penny stock investors, is done so without IFLM’s knowledge, involvement or permission.
“We have not issued any new press releases since 2016 and don’t know who is doing this,“ said IFLM CEO Jeff Ritchie. “We are not in a position to make this person or people cease and desist. We want to make plain that we are in no way involved with this effort. As far we are concerned, the stock has been listed as ‘caveat emptor’. We have no news to announce at this time.”
About Independent Film Development Corp.:
Independent Film Development Corporation is based in Irvine, CA.
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.