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iBill to Exhibit at Internext Expo in Las Vegas, NV
Monday December 20, 10:08 am ET
DEERFIELD BEACH, Fla.--(BUSINESS WIRE)--Dec. 20, 2004--PHSL Worldwide, Inc. (Pink Sheets:PHSL - News) announced that its subsidiary, iBill an online payment processor and software company with a concentration of its third party processing clients engaged in the sale of access to adult oriented material over the Internet, will present at the "Internext Expo" in Las Vegas, on January 4-6, 2005 at the Mandalay Bay Resort and Casino.
Produced by Teddy Communications, Inc., Internext is the world's largest Adult Internet tradeshow. Widely acclaimed as "The Industry Networking Event," Internext is the place for individuals and companies who operate adult websites to form business to business alliances with other sites and / or service providers.
"Presenting at the Internext Expo offers the ability to present our services and proprietary payment applications to leading industry providers of Adult content (both photo & video), Age Verification Systems, Internet Billing / Credit Card Processing & Online Checking as well as many others," said Claude Bertin, the Company's Executive Vice-President. "iBill has been a prominent figure in the payment processing industry almost since the beginning of any significant ecommerce on the Internet," continued Claude Bertin.
iBill sells access to online services and other downloadable products (music, games, videos, personals, etc.) to consumers through proprietary web-based payment applications. The iBill online payments systems manage transaction authorization on the global financial networks such as VisaŽ and MasterCardŽ and simultaneously provide password management controls for the life of the subscribing consumer. On-demand CRM (Customer Relationship Management) applications are provided to registered independent merchants, typically small and medium sized businesses seeking a cost effective technology platform to outsource non-core banking and finance functions. Since 1996, iBill has established a trusted brand with consumers and online businesses with 27 million customers in 38 countries. In 2003, iBill averaged 1.2 million transactions per month and completed approximately $330.00 million in gross transactions.
About PHSL Worldwide, Inc.
PHSL is a media holding company which publishes magazines under the PENTHOUSE™ name in Mexico, pursuant to a pending license agreement with Penthouse Media Group. In addition to publishing, PHSL Worldwide has significant real estate holdings in Ixtapa, Mexico that it intends to develop and owns iBill, an online payment processor of credit cards and financial transactions. PHSL is majority owned by the Molina Vector Investment Trust, an entity controlled by Dr. Luis Enrique Fernando Molina.
Statements in this press release that are not statements of historical or current fact constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties, and other unknown factors that could cause the actual results of the Company to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements which explicitly describe such risks and uncertainties, readers are urged to consider statements labeled with the terms "believes," "belief," "expects," "intends," "anticipates," "will," or "plans" to be uncertain and forward-looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the Company's reports and registration statements filed with the Securities and Exchange Commission.
--------------------------------------------------------------------------------
Contact:
PHSL Worldwide, Inc., New York
Claude Bertin, 386/409-0200
or
Investor Relations Services, Inc., New Smyrna Beach, Fla.
Jerry Larder, 386/409-0200 invrel@invrel.net
__________________
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iBill to Exhibit at Internext Expo in Las Vegas, NV
Monday December 20, 10:08 am ET
DEERFIELD BEACH, Fla.--(BUSINESS WIRE)--Dec. 20, 2004--PHSL Worldwide, Inc. (Pink Sheets:PHSL - News) announced that its subsidiary, iBill an online payment processor and software company with a concentration of its third party processing clients engaged in the sale of access to adult oriented material over the Internet, will present at the "Internext Expo" in Las Vegas, on January 4-6, 2005 at the Mandalay Bay Resort and Casino.
Produced by Teddy Communications, Inc., Internext is the world's largest Adult Internet tradeshow. Widely acclaimed as "The Industry Networking Event," Internext is the place for individuals and companies who operate adult websites to form business to business alliances with other sites and / or service providers.
"Presenting at the Internext Expo offers the ability to present our services and proprietary payment applications to leading industry providers of Adult content (both photo & video), Age Verification Systems, Internet Billing / Credit Card Processing & Online Checking as well as many others," said Claude Bertin, the Company's Executive Vice-President. "iBill has been a prominent figure in the payment processing industry almost since the beginning of any significant ecommerce on the Internet," continued Claude Bertin.
iBill sells access to online services and other downloadable products (music, games, videos, personals, etc.) to consumers through proprietary web-based payment applications. The iBill online payments systems manage transaction authorization on the global financial networks such as VisaŽ and MasterCardŽ and simultaneously provide password management controls for the life of the subscribing consumer. On-demand CRM (Customer Relationship Management) applications are provided to registered independent merchants, typically small and medium sized businesses seeking a cost effective technology platform to outsource non-core banking and finance functions. Since 1996, iBill has established a trusted brand with consumers and online businesses with 27 million customers in 38 countries. In 2003, iBill averaged 1.2 million transactions per month and completed approximately $330.00 million in gross transactions.
About PHSL Worldwide, Inc.
PHSL is a media holding company which publishes magazines under the PENTHOUSE™ name in Mexico, pursuant to a pending license agreement with Penthouse Media Group. In addition to publishing, PHSL Worldwide has significant real estate holdings in Ixtapa, Mexico that it intends to develop and owns iBill, an online payment processor of credit cards and financial transactions. PHSL is majority owned by the Molina Vector Investment Trust, an entity controlled by Dr. Luis Enrique Fernando Molina.
Statements in this press release that are not statements of historical or current fact constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties, and other unknown factors that could cause the actual results of the Company to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements which explicitly describe such risks and uncertainties, readers are urged to consider statements labeled with the terms "believes," "belief," "expects," "intends," "anticipates," "will," or "plans" to be uncertain and forward-looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the Company's reports and registration statements filed with the Securities and Exchange Commission.
--------------------------------------------------------------------------------
Contact:
PHSL Worldwide, Inc., New York
Claude Bertin, 386/409-0200
or
Investor Relations Services, Inc., New Smyrna Beach, Fla.
Jerry Larder, 386/409-0200 invrel@invrel.net
Originally posted by Nickatilynx@Dec 20 2004, 12:05 PM I thought they were a subsiduary of a fotune 500 Corp.
FNF.
??
Well... In March 2004 Penthouse International acquired iBill from InterCept, Inc, then in August 2004 Care Concepts nearly bought 100% of IBill from Penthouse, but it dropped in September due to AMEX. Now IBill is still in Pink Sheets, formerly known as Penthouse International, Inc., portfolio... I think thats the latest official, but who knows what backroom deals have been going on.
__________________ "Chaos is the law of nature, order is the dream of man."
~Henry B. Adams (Historian) 1838-1918
Forgot to meantion that Care Concepts terminated their plan on 15th december (which might explain missing payments???) to acquire iBill by January 2005. But again who knows - IBill as usual doesn´t give any information what so ever...
DEERFIELD BEACH, Fla.--(BUSINESS WIRE)--Dec. 14, 2004--PHSL Worldwide, Inc. (Pink Sheets:PHSL - News) announced that the boards of directors of Interactive Brand Development (AMEX:IBD - News) and PHSL have reached agreement to terminate the pending acquisition by IBD of the Media Billing LLC subsidiary of PHSL. Media Billing owns 100% of the equity of Internet Billing Company LLC ("iBill"). Under the terms of the proposed arrangement, Media Billing and PHSL will receive $10.04 million as consideration for the termination, payable in a $1.0 million promissory note and approximately $9.04 million in common stock of IBD. IBD has agreed to register the stock for future resale.
Consummation of the termination agreement is subject to certain conditions, including completion of final agreements and the approval of holders of IBD 10% notes and shares of Series E preferred stock, Series F preferred stock and Series G preferred stock.
If the iBill transaction is terminated as contemplated, PHSL will continue to own 99.5% of iBill. PHSL expects to record the $10.04 million breakup fee payment as income as a one time gain.
iBill is an online payment processor and software company with a concentration of its third party processing clients engaged in the sale of access to adult oriented material over the Internet.
...
__________________ "Chaos is the law of nature, order is the dream of man."
~Henry B. Adams (Historian) 1838-1918
iBill is usually at every show. This is the one show they don't want to be at. And it's the one show they are making a big deal about telling everyone they will be at. Therefore, it can only mean one thing ...
12-20-2004
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