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Hooper · 03-23-2004

while hustler has been nickle & diming this industry, penthouses new owners are showing themselves to be true professionals.

Media Billing, L.L.C., a 99%-owned subsidiary of Penthouse International, Inc., has purchased all of the outstanding member interests of iBill for $0.7 million in cash, a $0.8 million short-term note, and assumption of a $22.0 million working capital deficit.

So does that mean that the penthouse/ibill portfolio is significantly more important than the hustler/jetbull portfolio???

I'm lost on these matters. Can anybody shed some light?

Will any additional moves be made by penthouse that will shake up the industry?

03-23-2004	#1
Hooper Members Join Date: Oct 2002 Posts: 1,156	while hustler has been nickle & diming this industry, penthouses new owners are showing themselves to be true professionals. Media Billing, L.L.C., a 99%-owned subsidiary of Penthouse International, Inc., has purchased all of the outstanding member interests of iBill for $0.7 million in cash, a $0.8 million short-term note, and assumption of a $22.0 million working capital deficit. So does that mean that the penthouse/ibill portfolio is significantly more important than the hustler/jetbull portfolio??? I'm lost on these matters. Can anybody shed some light? Will any additional moves be made by penthouse that will shake up the industry? __________________ Quickbuck is paying $100 Per trial join.