Ibill to receive $10.4 million payout

[Taniwha]

http://home.businesswire.com/portal/... 3&newsLang=en

PHSL Worldwide, Inc. Announces $10.4 Million Payment Expected by January 31, 2005

DEERFIELD BEACH, Fla.--(BUSINESS WIRE)--Dec. 30, 2004--PHSL Worldwide, Inc. (Pink Sheets:PHSL) announced that the payment by Interactive Brand Development of the termination fee of $10.4 million is expected to be received by January 31, 2005. As previously disclosed, PHSL is being paid the fee pursuant to an agreement with IBD and in connection with its recent $16.475 million private placement that included Internet Billing Company (iBill).


PHSL intends to use the $10.4 million payment to enhance the balance sheet and liquidity of its iBill subsidiary. iBill is the principal operating subsidiary of PHSL.

[BradM]

Well that only covers half of my payout alone, wtf is this shit.

[Magg]

Damn, Im sure theres more owed than that isnt there?



SEE SIG

[quiet]

nice....

[Taniwha]

As far as I understand, this has nothing to do with the First Data payment which they are making progress on. This just shows they are seriously trying to stay alive while they wait for situations to be resolved and they will have the cash to do it.

Think I can hear the Rocky theme starting ...

[LA Mike]

Originally Posted by BradM

Well that only covers half of my payout alone, wtf is this shit.

lol I hear ya.. Hope they got money to pay me after you

They owe me a nice chunk of change.. fucking sucks

[hyper]

i dont understand.. why cant ibill pay their bills?

[TheMob]

wow, i hope they will

[Beerbar]

Originally Posted by Taniwha

As far as I understand, this has nothing to do with the First Data payment which they are making progress on. This just shows they are seriously trying to stay alive while they wait for situations to be resolved and they will have the cash to do it.

Think I can hear the Rocky theme starting ...

iBill is the principal operating subsidiary of PHSL

Just sounds like more of the same delay. That's Ibill/Penthouse making that statement and who the hell trust anything that they say. This is the same as them saying "Just hang on the checks in the mail".

"Please stay with us, continue to send sign ups through us, and even though we are unable to make current payment and have shown no good faith in making past payments, there MIGHT be some money coming at the end of January so please continue to send sign ups and everything will be ok at the end of January."

And when late January comes..... well you know what happens already. "The wires were sent we just made a mistake" "We sent the checks but they were sent with the old bank so they are no longer good" "The payments will be delayed but trust us they are still on track" and so on and so on and so on.............

[Hinc]

Hmmm...at least its the first sign of something potentially positive happening with ibill in recent times...

[Taniwha]

This is the same as them saying "Just hang on the checks in the mail".

The point is you don't take $10 million from the parent company to feed something you think is about to fall over. You also, as a public company, don't make press releases saying that is what you are going to do if you want your directors to stay out of jail.

http://www.midicenter.com/midi/midi-movie/rocky.mid
http://www.freewebs.com/elburrro/win!.wav

[Beerbar]

Is this whole "Rocky" theme Ibills comeback marketing plan?

[Hinc]

I agree Taniwha.

It aint necessarily a solution, but its a sign they´re trying to get the boat sailing again, and they´d be in severe troubles if lying in public releases as a public company.

[VeriSexy]

Cool..........

[bigdog]

they are going to take that money and run

[ONS]

Originally Posted by Taniwha

The point is you don't take $10 million from the parent company to feed something you think is about to fall over. You also, as a public company, don't make press releases saying that is what you are going to do if you want your directors to stay out of jail.

You obviously have not a clue how many MILLIONS they owe to mainstream sites and local companies they were able to scam. That wont even put a dent in the damage they have done and some of their vendors have actually gone bankrupt because of them. These manstream business owners did not signup to be put at risk nor were they high risk merchants but they got fucked just the same and without any warning.

Even if they paid every dime they owe by tomorrow anyone who remained with them would have to be brain dead. Adding to that if any webmaster promoted a site using them he deserves to get screwed for supporting crooks and scam artists. Then again with 7 posts registered just a short time ago and defending iBill speaks for itself.

But one thing is for sure they have managed to pay their business related expenses to remain operational. Their lights are still on and they still have phones that ring which does not happen when you dont pay the man. I also notice that Penthouse is using an auto installing dialer from goodthinxx which does not even give terms related to the charges. You would think they would be using their own Web900SM solution rather then installing 3rd party bullshit without even a simple warning prompt.

This should send a clear message to newbies and give them proper guidence on how to conduct themselves. If you want to get ahead in this biz you better be ready to fuck anyone in your path.

http://www.penthouse.com/preview/tour/join.html

[MickeyG]

This is GREAT NEWS for ibill. I have my concerns but I believe they will pull through this! Like mentioned above they've kept the lights on and now are due some nice injections of cash. If this were a sinking ship no one would be funding them.

FINALLY some good news about ibill!

[Shoplifter]

It's nice to see some activity surrounding Ibill but it seems that this is an almost irrelevant sum of money when all things are considered.

At least in the case of their EU clients they already have all the money these clients have transacted, so it's difficult to understand why any cash infusion is necessary.

Anyways this is all conjecture, and the proof will be in the payouts coming hopefully this week.

[AlienQ - BANNED FOR LIFE]

Yeah right...

Yall gonna be very dissapointed, this is just blow over for Vegas to save some face or out right violence.

[Jer]

God, please help iBill survive and pay everyone

[MandyBlake]

I agree.
I believe ibill will pull thru this.
I have faith in you ibill!

[ibill-fraud]

Originally Posted by Taniwha

http://home.businesswire.com/portal/... 3&newsLang=en

This guy is from Ibill/Penthouse, we busted his ass on the Xbiz.com board when the admin did a reverse IP lookup and found him to be in Deerfield Beach, home of the ibill board members.

Facts are IBD stock is and will always be worthless. Ibiil is lucky now to still be doing 1 million in transactions per month, yes its that bad there. The only business Ibill has left is the rebills which is dieing quickly as people are just canceling them and telling their members to sign under another processor.

Check out the link to where he posted exact same thing on Xbiz. name (wonderdog):
http://boards.xbiz.com/showthread.php3?threadid=24478

What they are doing is pure fraud plain and simple, coming up with excuse after excuse in order to buy time to steal money from Ibill's clients.

[Scottybunky]

Read this... it gives you a little background on history of the owners of the new Penthouse that now owns Ibill. Jason was one the ones speaking to you in the November Ibill Confrence Call where they said payments were on sqeudule and that we would start receiving our first payment in December for monies owed.

http://xbiz.com/news_piece.php?id=25...n ternational

[Scottybunky]

for example

"He is the son of John Peter Galanis, who bilked investors of $400 million before he was sent to prison. Jason Galanis has never been convicted of a crime, but served as chief executive in 2001 of EGX Funds Transfer (formerly known as Incubator Capital), a once-publicly traded financial processing outfit."

and

"Jason Galanis and his brother and business partner Derek were arrested as part of a big Drug Enforcement Agency bust of a San Diego ecstasy manufacturing and distribution ring, Forbes said. Derek Galanis was convicted and sentenced to 11 years in jail, but charges were dropped against Jason Galanis"

[MandyBlake]

Originally Posted by ibill-fraud

This guy is from Ibill/Penthouse, we busted his ass on the Xbiz.com board when the admin did a reverse IP lookup and found him to be in Deerfield Beach, home of the ibill board members.

Facts are IBD stock is and will always be worthless. Ibiil is lucky now to still be doing 1 million in transactions per month, yes its that bad there. The only business Ibill has left is the rebills which is dieing quickly as people are just canceling them and telling their members to sign under another processor.

Check out the link to where he posted exact same thing on Xbiz. name (wonderdog):
http://boards.xbiz.com/showthread.php3?threadid=24478

What they are doing is pure fraud plain and simple, coming up with excuse after excuse in order to buy time to steal money from Ibill's clients.

who are you that you know how many transactions ibill is doing each month?
i wonder who you work for....

[Webby]

Taniwha:

PHSL Worldwide, Inc. Announces $10.4 Million Payment Expected by January 31, 2005

As for this bullshit issued by none other than those with an interest - if you seriously think nothing is going to happen before the January 31st, you must live in lala land.

I'm getting $55.4 million on the January 18 - anyone getting more that they care to announce and add to the GFY bullshit?? :-)

It's past delaying crap Taniwha... but I wish you the best none the less :-)

[JFK]

Originally Posted by quiet

nice....

I wouldnt open those just yet

[quiet]

Originally Posted by JFK

I wouldnt open those just yet

lol, they were all opened by the time that pic was taken, on new years

[Dawgy]

well they must be doing something. some larger companies are still getting paid by ibill, each and every week, without delay...

[DEA - banned for life]

Still no word from IBill to its clients on the CMI page ..10 days since they last updated it.For a company that has been in buissness for 9 years and considers itself a leader in the industry..they sure dont show it too there clients.

[Hinc]

Originally Posted by DEA

Still no word from IBill to its clients on the CMI page ..10 days since they last updated it.For a company that has been in buissness for 9 years and considers itself a leader in the industry..they sure dont show it too there clients.

Hmmm no, in any other case one would find it strange. In this case the sound of silence is just another song out of tone from ibill....

[brand0n]

new flash. ibill is going to close. wake up and smell the coffee

[Gottis]

They really gonna show up in Vegas?

[misty_dayz]

I can honestly say that I do hope iBill pulls through. This industry needs as many processors as possible. The future isn't set in stone...they could go under...they could survive. At least they have not given up yet and are still trying.

[MandyBlake]

Originally Posted by misty_dayz

I can honestly say that I do hope iBill pulls through. This industry needs as many processors as possible. The future isn't set in stone...they could go under...they could survive. At least they have not given up yet and are still trying.

i agree!

[Pleasurepays]

These Ibill reps remind me of the good old days on Netpond and elsewhere when Ibill was giving spammers the ability to create unlimited sub accounts under their master account and spam away leaving all money in the master account.... THEN someone would make a fuss on the boards about someone spamming or billing questionable sites with Ibill as the processor and a rep would show up thanking them and informing everyone that the account in question had been terminated while knowing all the while who it was, while giving them their own e-mail lists from their customer data base (i.e. the customers that other webmasters sent from their own sites) and knowing that the individual still had 100 other accounts and would never miss a beat.

Its all show. An Ibill rep is here posting their own press releases. So what? Some of you fucking idiots would make perfect cult members... you just need to be told what to believe and facts have nothing to do with it. I can't believe how clueless people can be. All that matters is that your checks come on time and that you are satisfied that they will continue to come on time.

[Webby]

misty_dayz:

I can honestly say that I do hope iBill pulls through. This industry needs as many processors as possible. The future isn't set in stone...they could go under...they could survive. At least they have not given up yet and are still trying.

Agree Misty! The biz needs as many TPP's as possible, - tho how long that model will last may be another story.

On iBill, the problem was there a long while past. Even when ownership changed the debt was $22million (least the official figure). That was compounded by Penthouse, a corp operating under some Chapter whatever attempting to skin the last flesh off iBill and gain some cred for itself in the process.

The other major problem is that the management "faces" are not folks who should be near money, - especially other people's money. Their track records make people nervious, including banks - and I'm not just talking about First Data.

There is a lot of "face" going on, some in subtle ways (such as naming corps "Penthouse Financial" blah when they have no cash and nada cred!). The announcement of $10.4 million is just more paper-shuffling by these same dubious people - they have just written their own "references".

Who knows.. but I suspect there is little or no problem raising money for iBill if the "management" put their money where there mouth is - some have done enough "deals" on the side to have that kind of money, - tho it may be a matter of "easy come, easy go" or that the funds just can't be shown :-)

With the current management "faces" (not all of em!), I would not trust anything they say and even less with entrusting them with 5 cents. Some of these people are "known" - not just in the US.

[sharpx9]

hmmmmmmm

[jimmyf]

Originally Posted by Pleasurepays

Its all show. An Ibill rep is here posting their own press releases. So what? Some of you fucking idiots would make perfect cult members... you just need to be told what to believe and facts have nothing to do with it. I can't believe how clueless people can be. All that matters is that your checks come on time and that you are satisfied that they will continue to come on time.

[MandyBlake]

all these threads prove that some people have wayyyy too much time on their hands lol

[Webby]

MandyBlake:

all these threads prove that some people have wayyyy too much time on their hands

You think? :-) For GFY this subject is not new nor a subject that will end with iBill. Just run your eye down the current threads on GFY and compare - then appreciate what is crap and what may be of relevance to many webmasters.

If you have time on your hands to comment, not on the subject, but other posts - it may be you have too much time on your hands? Why even read them, nevermind comment on them? :-)

[DEA - banned for life]

Originally Posted by Webby

MandyBlake:



You think? :-) For GFY this subject is not new nor a subject that will end with iBill. Just run your eye down the current threads on GFY and compare - then appreciate what is crap and what may be of relevance to many webmasters.

If you have time on your hands to comment, not on the subject, but other posts - it may be you have too much time on your hands? Why even read them, nevermind comment on them? :-)

Well said

[pornguy]

I would not plan on seeing any money any time soon.

[Paul Markham]

Originally Posted by Scottybunky

Read this... it gives you a little background on history of the owners of the new Penthouse that now owns Ibill. Jason was one the ones speaking to you in the November Ibill Confrence Call where they said payments were on sqeudule and that we would start receiving our first payment in December for monies owed.

http://xbiz.com/news_piece.php?id=25...n ternational

The most important part of that article is this.

Tuesday, March 23, 2004

Anyone who stuck with Ibill after that date only needs to look in the mirror to see who to blame.

Fist Data got out probably as soon as they could, Visa/MC have shown their colours by sticking with them. People who stayed with Ibill can really only blame themselves. It's not like this was a complete surprise to people.

Why are Ibill still operating? Well the executives are all being paid and getting their full wages, need I say more.

If you are owed an amount from Ibill that is growing by the month then you know what is happening, if the amount they owe you is being reduced then you have to watch very closely. But in my opinion they will sink and take a lot of money, including the 10% 6 month reserve with them.

[Webby]

charly:

But in my opinion they will sink and take a lot of money, including the 10% 6 month reserve with them.

Na Charly... you forgot they are gonna pay near the end of January with $10.4 mill. Some asshole with a faulty calculator worked out that's all that's needed to rise from the ashes.

[Paul Markham]

<sarcasm>

Originally Posted by Webby

charly:



Na Charly... you forgot they are gonna pay near the end of January with $10.4 mill. Some asshole with a faulty calculator worked out that's all that's needed to rise from the ashes.

</sarcasm>

For those who thought you were serious.

[quiet]

ARS is very stupid

/sarcasm.

[Webby]

charly:

For those who thought you were serious.

Moi??? Sarcasm??

[Paul Markham]

Originally Posted by quiet

ARS is very stupid

/sarcasm.

Are you saying IBILL will pull out of this?

[Webby]

Mmmm... Save me getting off my ass :-)

Does anyone know off the top of their head, where exactly iBill has a Euro prescence??

There was some Cyprus corp.. can't remember tho, that may be CCBill :-)

They have some messenger boy mouths in London... anyone know if there is a company belonging to iBill there?