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Easton · 05-27-2004, 11:47 AM

the reason behind the pink sheets...

"NEW YORK--(BUSINESS WIRE)--May 21, 2004--Penthouse International (OTCBB:PHSLE - News; Frankfurt:PHSL.F), a diversified holding company with operating subsidiaries in adult entertainment, Internet transaction processing and real estate, announced that effective Monday, May 24, 2004, its shares will no longer trade on the OTC Bulletin Board. Penthouse's common stock will continue to trade on the over-the-counter pink sheets under the symbol PHSL.
The Company will be automatically delisted from the OTC Bulletin Board for being late in filing Annual Report on Form 10K for the fiscal year ended December 31, 2003. Penthouse plans to file its Form 10K within the next seven to ten business days; at which time it will either file an application to relist on the OTCBB on an expedited basis or request a waiver from such refiling requirement. Based on discussions with the compliance department of the OTCBB, Penthouse and its representatives believe, assuming it meets all other listing requrements and achieves compliance in the near future with all of its reporting obligations under the Securities Exchange Act of 1934, that the OTCBB review and relisting of the Penthouse common stock could be realized in as little as two to three business days from the submission of all applicable documentation."

05-27-2004, 11:47 AM
Easton Too lazy to set a custom title Industry Role: Join Date: Sep 2002 Location: Phoenix, AZ Posts: 9,825	the reason behind the pink sheets... "NEW YORK--(BUSINESS WIRE)--May 21, 2004--Penthouse International (OTCBB:PHSLE - News; Frankfurt:PHSL.F), a diversified holding company with operating subsidiaries in adult entertainment, Internet transaction processing and real estate, announced that effective Monday, May 24, 2004, its shares will no longer trade on the OTC Bulletin Board. Penthouse's common stock will continue to trade on the over-the-counter pink sheets under the symbol PHSL. The Company will be automatically delisted from the OTC Bulletin Board for being late in filing Annual Report on Form 10K for the fiscal year ended December 31, 2003. Penthouse plans to file its Form 10K within the next seven to ten business days; at which time it will either file an application to relist on the OTCBB on an expedited basis or request a waiver from such refiling requirement. Based on discussions with the compliance department of the OTCBB, Penthouse and its representatives believe, assuming it meets all other listing requrements and achieves compliance in the near future with all of its reporting obligations under the Securities Exchange Act of 1934, that the OTCBB review and relisting of the Penthouse common stock could be realized in as little as two to three business days from the submission of all applicable documentation." __________________ New models booked and shot every week... MILFs, pornstars and teens. Girls for every niche and project. Looking for high-quality affordable exclusive content? Check me out at Easton Content for all the details.