IBill SOLD.... AGAIN!!!!
 

Don't know if it's been posted but this was news for me today

http://biz.yahoo.com/bw/040730/305268_1.html

No, I havent seen it yet :2 cents:

probably bought out by a christian orginization.

fuck... that site is like a hot potato :glugglug

First Edward sold it to his dad, now what ?

Maybe Paycom should buy it next...they are on a roll anyway ;)


CM, If you reading this. When is Paycom gonna be avialable to the UK?

thats crazy......how long ago was it sold?

the buyer compares it to PayPal and wants to use it for auctions - will that go well along with 78% revenue created from adult business?

that will be interesting...

Interesting

This isn't a sale. It is a spin off maneuver by Penthouse to create access to the capital markets for iBill - an IPO essentially. Remember that the current owner of the Penthouse group made his millions in the dotcom game. He is simply suffling his chess pieces for better financing.

:)

"CARE" concept? KInda sound like a Christian group.. lol

This is something we have been working on for some time and are very excited about. At the end of the day it gets us on the American Stock Exchange which will do a number of things for us including access to significant additional capital to continue to invest in and grow the business. I can?t go into all of the details but the existing management team here will be running the show.

Mark

quote:
--------------------------------------------------------------------------------
In 2003, iBill averaged 1.2 million transactions per month and completed approximately $330.00 million in gross transactions.
--------------------------------------------------------------------------------

And its been down hill ever since. Those seem like 2002 numbers.

This just means another group of butts to kiss :winkwink:

Edward Cherry (Ed for the very few friends) was a horrific Asshole.

He almost fucked me for over 22k, had to wait 8 months for it.


THIS IS A MUST READ about the original, first owners :

http://www.junkfax.org/fax/profiles/icn.htm

penthouse bought it for 23.5m in March 2004

55m now?


a little odd aint it? Or a great sale...


http://atlanta.bizjournals.com/atlan...2/daily13.html

fucked you over how? your not the teen art guy are you?

Gross revenues increased from $65,371 for the three month periodended March 31, 2003 to $84,553 for the three month period ended March 31, 2004,a increase of $19,182...

I bet a company like TCG or Nasty Dollars does more gross revenue in a day then this company that bought IBill does in 3 months

wtf?

Can you hit me up on my ICQ...see sig. I have a few questions for you if you can spare the time. Thanks.

Smoke and mirrors due to the penthouse bankruptcy maybe?

wow big news!

Surely you can do better than than. BTW...It is General Media that is in bankruptcy. Penthouse International is making a bid to purchase General Media out of bankruptcy.

Sorry, mean't to say ...you can do better than that. :-)

I wish iBill the best of luck and I have no doubt this was a good move for iBill. Garrett is a very smart business man,

I heard good things about Ibill

i'm sure it has nothing to do with the bankruptcy.

really interesting news

lol anyone whos been involved in M&A's knows exactly what happened and whats about to happen

Right on point!!!

Good point.
These business moves seem to be a surprise to the the majority of customers who implement their services (i.e. make them money)

True Escortbiz.......It's a reverse merger.....not a cash sale. It looks like a really good move to me.

check out

http://xbiz.com/news_piece.php?id=4545

for comprehensive, analytical look at iBill transaction

This is pretty interesting.

http://biz.yahoo.com/e/040517/ibd10qsb.html

I introduce to you, the new owner of iBill














































http://www.rnw.nl/hotspots/assets/images/cheney180.jpg:glugglug

it's sad more of you don't recognize a manuever to get public. there is a real business world outside of your little porn boxes.

probably a good move for ibill, setting up a stable future

Look up the symbol ICPT.... They tried once before.

http://bankrupt.com/CAR_Public/030319.mbx - once there do a find on "ibill"

Funniest thing I've heard all year!! :1orglaugh :1orglaugh

Crime Pays...
mC

I wish they would get popular again. I love the conversions.

didn't ibill tell adult to fuckoff once?

or am I having a flashback of some other bad trip?

Thanks for posting and letting us know. I was worried there for a bit... I was seeing shades of eBay buying Paypal and Paypal dumping adult. I'm glad to hear that's not the case. :thumbsup

Mark, do you guys still plan on offering affiliate account consolidation some day?

just curious.

but shouldn't your posts now include ...

The contents of this message may be deemed to include forward-looking statements within the meaning of Section 27A of the US Securities Act of 1933 and Section 21E of the US Securities Exchange Act of 1934. These forward-looking statements are only predictions and you should not rely unduly on them. Actual results might differ materially from those projected in any such forward-looking statements, which involve known and unknown risks, uncertainties and other factors that may cause our or our industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by the forward-looking statements. In evaluating forward-looking statements, which are generally identifiable by use of the words "may", "will", "should", "expect", "anticipate", "estimate", "believe", "intend" or "project" or the negative of these words or other variations on these words or comparable terminology, you should consider various factors including the risks outlined in our Form 20-F filed with the SEC. Although we believe the expectations reflected in forward-looking statements are reasonable we cannot guarantee future results, levels of activity, performance or achievements. This material should be viewed in conjunction with our periodic interim and annual reports and registration statements filed with the Securities and Exchange Commission, ....


:thumbsup Anyway. Best of Luck. See ya all in florida

You do the hokey pokey and you turn yourself around... that's what it's all a-bout.



Good luck guys :thumbsup

M&A tactics aside, the proccesing sector to me looks as uncertain as ever.

Yes. Rolling it out at InterNext with a few added enhancements.

hmm ... ok. No seriously, IBill is ok, but there are others

omg intresting news!

yup:thumbsup

Mark Smith,

Hope this one works out for you guys.

Did it get released as planned? If so where do I access it as I still see that same message about RevShare consolidation being on hold when I log in.