FYI- Ibill Update
 

IDB has hired a turn around specialist for Ibill.

Interactive Brand Development, Inc. Engages Corporate Revitalization Partners
Monday February 28, 4:29 pm ET

Shares Are Quoted On The National Quotation Bureau's Pink Sheet Exchange Under The Ticker Symbol IBDI

DEERFIELD BEACH, Fla.--(BUSINESS WIRE)--Feb. 28, 2005-- Interactive Brand Development (Pink Sheets:IBDI - News) announces that on February 12, 2005, the board of directors of Interactive Brand Development ("IBD") approved the engagement of Corporate Revitalization Partners LLC, a national advisory firm ("CRP") to assist IBD in the management of its subsidiary, Internet Billing Company ("iBill").

Pursuant to the terms of engagement, CRP has staffed senior executives on site at IBD's corporate headquarters in Deerfield Beach, Florida. CRP will advise IBD on the day-to-day management of iBill. CRP will also advise IBD on general corporate matters.

In October 2004, CRP was the recipient of the Turnaround of the Year Award as awarded by the Turnaround Management Association, an international trade organization. Access to more information about CRP is available at http://www.crpllc.net.

The engagement provides for certain performance based incentive payments based on predetermined financial goals. The term of the engagement commenced as of February 12, 2005 and will continue until termination by either party, although IBD may not terminate CRP prior to June 12, 2005. The length of the engagement is not determinable at this time.

"CRP has recent demonstrable success that our board determined would be valuable to our company and our shareholders, including advising our company in stock exchange compliance, financial reporting, controls and procedures, as well as assisting us in management of our daily operations," said Steve Markley, CEO of IBD. "We believe that CRP, as a national advisory firm with expertise in managing the turn around of businesses, will provide a great benefit to our company," added Mr. Markley.

This announcement was officially made by the company on February 23, 2005 however due to a listing discrepancy in the Company's trading symbol the official release was not widely disseminated. After several days of the Company's shares being quoted in the "grey market", the Company has received a formal notice informing them that registered shares are in effect trading under the ticker symbol IBDI on the Nation Quotation Bureau's Pink Sheet exchange. Should any investors which to track the Company's progress please visit http://www.pinksheets.com.

About Interactive Brand Development, Inc.

Interactive Brand Development, Inc. (trading symbol:IBDI) is a media and marketing holding company that owns Internet Billing Company (iBill), a leading online payments company, and owns a significant interest in Penthouse Media Group (PMG), publisher of Penthouse Magazine, a brand-driven global entertainment business founded in 1965 by Robert C. Guccione. PMG's flagship PENTHOUSE(TM) brand is a highly recognized consumer brands in the world and is widely identified with premium entertainment for adult audiences. PMG is operated by affiliates of Marc Bell Capital Partners, LLC. IBD also has investments in online auctions and classic animation libraries.

On February 10, 2005 IBD withdrew its appeal of the AMEX staff's decision to commence delisting procedures. The result of which has led to the delisting of IBD's common stock from the AMEX. IBD's new stock symbol is "IBDI." Although no assurances can be made, IBD intends to move for a listing of its common shares on the OTCBB or NASDAQ SmallCap in the immediate future.

This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements regarding our and our subsidiaries' and affiliates' expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations, as well as statements that include words such as "anticipate," "if," "believe," "plan," "estimate," "expect," "intend," "may," "could," "should," "will," and other similar expressions are forward-looking statements. All forward-looking statements involve risks, uncertainties and contingencies, many of which are beyond our control, which may cause actual results, performance, or achievements to differ materially from anticipated results, performance, or achievements. Factors that may cause actual results to differ materially from those in the forward-looking statements include those set forth in our filings with the SEC. We are under no obligation to update or alter our forward-looking statements, whether as a result of new information, future events or otherwise.

Contact:
For Interactive Brand Development, Inc., Deerfield Beach
Media Contact:
Sitrick & Company
Tammy Taylor or Lew Phelps, 310-788-2850
or
Investor Relations Contact:
Investor Relations Services, Inc., New Smyrna Beach, Fla.
David Kugelman, 386-409-0200
[email protected]

so what else is new

A "turn around" specialist??

Is that where they take your money, put it in their pocket, and then "turn around" and walk away?

Or is it when they tell you to "turn around" and bend over?

:1orglaugh

Funny and true!

fuck em in the ass

:1orglaugh :1orglaugh :1orglaugh

tell me when they are about to pay me, i don't care about their diplomatic bullshit