DEERFIELD BEACH, Fla.--(BUSINESS WIRE)--Aug. 12, 2005--Interactive Brand Development, Inc., (OTCBB:IBDI) announced today that its new client sign-up processing transaction volume has grown by 19% from June to July 2005.
"We are executing our business plan and the increase in volume reflects our progress. New client sign-ups are one of the most important metrics in our business as part of our trend analysis, and the trends appear very promising," said Gary Spaniak, President.
"The e-commerce transaction processing community has seen a number of defining developments over the past two quarters. iBill has leveraged its 10 years of experience to adapt to the market forces," he added.
iBill has introduced to the market innovative payment alternatives such as peer-to-peer capabilities and prepaid card-based solutions to address demands from consumers and webmasters alike.
About Interactive Brand Development, Inc.
Interactive Brand Development, Inc. (IBDI) is a media company that owns interests in online and offline media properties. Through its wholly owned operating subsidiary, Internet Billing Company, the Company processes online credit card payments for more than 26 million users and manages consumer databases primarily of individuals purchasing services and/or goods over the internet. IBDI has minority ownership of Interactive Television Networks, Inc., (OTCBB:RDIU), formerly XTV, a video over IP new media company that broadcasts video to standard television sets and operates a pay-TV on-demand network. IBDI also owns a 34.7% 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 one of the most 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.
This release contains statements relating to future results of the Company that are "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those projected as a result of various risks and uncertainties.
