Ibill Supports Adult Webmasters!
 

WOW ...LOOK AT THIS BULLSHIT!!!!


http://ibill.com/about/newsDetail.cfm?ID=70

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News iBill Attends First Industry Event Since Acquisition by Penthouse By: BUSINESS WIRE
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NEW YORK, March 31, 2004, Penthouse International (OTCBB:PHSL - News), a diversified holding company with operating subsidiaries in adult entertainment, real estate and digital commerce, announced today that its executives will attend the Phoenix Forum as part of iBill's plan to reengage the adult webmaster community. The Forum runs from April 1 to April 3. More details on the Forum can be viewed by visiting http://www.thephoenixforum.com.

"Our prior ownership's business plan for iBill was to diversify its client base away from adult transaction processing," said Cathy Beardsley, Senior Vice President of Marketing. "Our current ownership will aggressively market and develop products to grow this segment."

iBill is a subsidiary of Penthouse International, Inc., which also owns another subsidiary, General Media, Inc., and certain real estate investments. General Media and subsidiaries, currently debtors in a Chapter 11 bankruptcy, own and operate Penthouse Magazine and other publications and license adult entertainment venues centered on the PENTHOUSE brand.

Audited by Deloitte and Touche as part of the consolidated financial statements of iBill's former parent, InterCept, Inc., iBill reported revenues of $38.0 million and EBITDA of $5.7 million for the year ending December 31, 2003. On a pro forma basis, had iBill been consolidated with Penthouse for the full fiscal year ended December 31, 2003, Penthouse consolidated revenue would have increased by approximately 197%. As a result of this acquisition, Penthouse expects to realize an increase in shareholders' equity of approximately $23.5 million, or $0.09 per share. iBill's financial results will be consolidated into Penthouse in the first quarter of 2004.

iBill has no corporate or bank debt outstanding. iBill and Penthouse International's real estate assets are unaffected by the current reorganization of General Media and subsidiaries. General Media has recently proposed an amended plan of reorganization to enable it to retain its PENTHOUSE assets and operations; which plan is subject to creditor and Bankruptcy Court approval. For more information about iBill please visit and http://www.ibill.com.


WHERE IS OUR FUCKING MONEY????????????

that's awesome, go verotel go!

this article is from back in March, why post it now? :error

That article is so old that it's rotten

:1orglaugh

Some people are slower than others ....

PS: I heard lately that Globill rocks !!! :upsidedow

Basically First Data is holding our funds for six months... this started in september.

So.. we will all basically get paid in Feb. or March and iBill is basically trying to stall us until then.

I hate fucking liars. :321GFY

well this is an old article and now First Data is in the picture and you know they are having serious problems over there, they dont have an answer for anything