Hindery, Nathanson Invest in IFILM

IFILM Corp. said it closed on a $10 million round of financing. New investors
include Falcon Communications Inc. founder Marc Nathanson and Leo J. Hindery
Jr., the former AT&T Broadband president and Global Crossing Ltd. CEO.

Other investors that participated in the financing include Axiom Venture
Partners L.P., Eastman Kodak Co., Sony Pictures Entertainment, Vulcan Ventures
Inc. and Baroda Ventures LLC, which had each invested previously.

The company, which distributes short and feature length films over the
Internet at www.ifilm.com, raised $35 million
in its first round of financing last January.

A spokeswoman declined to say how much of that $35 million the company has
burned through during the past year.