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Msg Top | Msg List | < Prev | Next > | Post New | Reply | Privately | Search | Add PHSL    From: agme (Rep: 53) Date: 12/30/2004 09:35 Forum: Penthouse Intl - Msg #51 No Thread (Rec: 0) .085moving now:PHSL Worldwide, Inc. Announces $10.4 Million Payment Expected by January 31, 2005 Thursday December 30, 9:01 am ET DEERFIELD BEACH, Fla.--(BUSINESS WIRE)--Dec. 30, 2004--PHSL Worldwide, Inc. (Pink Sheets:PHSL - News) 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. Share This Post: What would you like to do? Message: Endorse | Bookmark | Report AbuseUser agme: Reward | Watch | IgnorePHSL: Ignore

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