NOTE 1: HISTORY OF OPERATIONS
Independent Film Development Corporation
was incorporated in the State of Nevada on September 14, 2007. Effective April 24, 2008 we commenced operating as a Business Development
Company ("BDC") under Section 54(a) of the Investment Company Act of 1940 ("1940 Act"). On September
30, 2009, our board of directors elected to cease operating as a BDC.
Our current plan of operations
is to acquire and develop independent films for production, sales and distribution, with a goal toward significant partnerships
with mini-major and the major film studios, such as Lionsgate and Sony, while simultaneously emulating those companies recipes
The Company is in the development stage as defined under Statement on Financial Accounting Standards Accounting
Standards Codification FASB ASC 915-205 "Development-Stage Entities.