Monte Carlo Television Festival to Present Imperia Entertainment's "Say it in Russian"

Imperia Entertainment, Inc. (PINKSHEETS: IMPN) announced today that the Monte Carlo Television Festival has selected "Say it in Russian" as one of five programs to be publicly screened at the festival outside of the competition. The screening will take place on June 9, 2008, at 8:30 p.m., http://www.tvfestival.mc/2008/en/projections/ in the presence of the film's producers and talent, followed on June 10th by a cocktail reception hosted by the Minister of State and June 11th by a cocktail reception hosted by H.S.H. Prince Albert II of Monaco.

ABOUT THE MONTE CARLO TELEVISION FESTIVAL

By creating the Monte Carlo Television Festival in 1961, Prince Rainier III of Monaco wished to "encourage a new art form, in the service of peace and understanding between men." Monaco's international status ideally suited the Prince's ambition: to recognize television as an exceptional means of bringing cultures together and enhancing their respective knowledge. This project immediately generated worldwide interest and over the years, many distinguished celebrities have sat on the successive juries, bringing international recognition to the best of television programming. H.S.H. Prince Albert II of Monaco has been the President of the Festival since 1988.

ABOUT IMPERIA ENTERTAINMENT

Imperia Entertainment, Inc.'s (www.imperiaentertainment.com) plan of operations emphasizes 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 parent company and Independent Film Development Corporation (IFDC's) new film distribution subsidiary, Signature Entertainment, LLC, 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, "The New Three Stooges," and seven other television movies. 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#.

ABOUT INDEPENDENT FILM DEVELOPMENT CORPORATION

Independent Film Development Corporation (www.independentfilmdevelopment.com) is a business development company, concentrating on investing in and lending management guidance to film related companies with an emphasis on film distribution. IFDC's plan of operations is to acquire the securities of portfolio companies engaged in independent film sales, distribution and production, with a goal toward our portfolio companies combining management, contacts and financing to become a significant competitor to mini-major studios, such as Lions Gate.

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-looking 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.