Message #1 From:
NewsBot Date: June 30, 2005 07:24:09 PM
IBDI News Research Interactive Brand Development, Stock Trading Message Board
IBD to Receive Shares in Publicly Traded Company in Exchange for Its Stake in Interactive Television Networks, Inc.
Interactive Brand Development, Inc., (OTCBB:IBDI) today announced that Interactive Television Networks, Inc., formerly XTV, Inc., http://www.itvn.com, has merged with Radium Ventures, a public company (OTCBB:RDIU). Interactive Television Networks (ITVN) is an emerging provider of Internet Protocol Television (IPTV) hardware, programming software and interactive networks. As disclosed by Radium with the US Securities and Exchange Commission, pursuant to the merger agreement, IBD is receiving 5,529,222 restricted common shares of Radium.
IPTV is the highly-anticipated provision of interactive television to home television over standard Internet home broadband connections. ITVN addresses this market with a complete product solution that will provide a range of affordable content on demand including news, music, broadcast entertainment and web media, as well as on-screen viewing and management of personal media including photos and videos. Consumers simply connect ITVN's small, sleek set top box to their existing home broadband/DSL router, cable modem router or wireless LAN and plug in the set top connector to their television set and subscribe to the services that best meet their needs.
ITVN leverages home broadband, an existing infrastructure, to bypass the massive costs of cable and satellite delivery. ITVN is live and providing video services to its paid subscriber network. A January 11, 2005 article by PC Magazine concluded that ITVN's broadband-enabled TV set top box is a "technology breakthrough" with image quality that is "indistinguishable from broadcast."
Beginning in the fourth quarter of 2004, IBD has provided capital in three significant investments, including its wholly owned subsidiary iBill, and Penthouse Media Group and Interactive Television Networks.
"We are excited that ITVN has completed the public merger, which will raise its profile in the investment community as a public media company and we believe being a public company will assist it in growing its subscriber network," said Steve Markley, CEO of IBD.
Interactive Brand Development Common Stock to be Quoted on the OTC Bulletin Board
Interactive Brand Development, Inc., (Pink Sheets:IBDI) today announced that it received notification from the NASD that IBDI common shares are eligible for quotation on the OTC Bulletin Board effective today, June 28, 2005 and will commence trading on the Bulletin Board. The Company's common stock will trade under the symbol IBDI.
The Company's CEO, Steve Markley, commented on the development by saying, "We are pleased that our common shares will be listed on the OTC Bulletin Board and believe the listing will assist in creating shareholder value."
"Our financial filings and other disclosures are current and we look forward to developing the investments that we have consolidated since the fourth quarter of 2004, including control of iBill and obtaining two significant equity stakes in Interactive Television Networks, Inc. and Penthouse Media Group, Inc.," concluded Markley.
Interactive Brand Development Reports Recent Financial Results and Audited Financial Statements of Subsidiary
DEERFIELD BEACH, Fla.
Investor Relations Services, Inc., New Smyrna Beach, Fla.
David Kugelman, 386-409-0200
On June 10, 2005, Interactive Brand Development, Inc. (Pink Sheets:IBDI) filed consolidated financial statements including its wholly owned subsidiary, Internet Billing Company LLC ("iBill"), with the U.S. Securities and Exchange Commission ("SEC") on Form 8K/A. On May 24, 2005, IBDI filed with the SEC its quarterly report for the three month period ended March 31, 2005 as amended on May 31, 2005 and as reviewed by its independent accountants.
The Company completed on January 21, 2005 the acquisition of iBill and during the same quarter, the Company also completed the acquisition of up to 25% of Interactive Television Networks, Inc. ("ITVN"), formerly XTV (http://www.itvn.com), an Internet Protocol Television company, or IPTV, that distributes paid video content over the Internet.
In its first quarterly report since the acquisition of iBill, the Company disclosed gross revenues for the quarter of $14,414,987 versus $84,553 for the same period in 2004, an increase of $14,330,434 from the same period last year. Sales were principally comprised of online payments and money transfer services provided through the Company's gkard product and iBill operations. Operating expenses increased from $143,653 for the three months ended March 31, 2004 to $14,972,204 for the three months ended March 31, 2005 of which, $11.6 million were of cost of revenues, representing a gross profit of $2,780,000 or 19.3% gross margin. An operating loss of $557,217 was reported for the period which includes a non-cash expense attributable to depreciation and amortization of $643,376.
"This quarter represents a watershed event for our Company and its growth," said Steve Markley the Company's CEO. "We have made sacrifices to achieve our business plan which appear to be bearing fruit. Our credit and debit card business is growing again and our investment in ITVN allows our shareholders a major stake in a fully operational Internet-based television network with thousands of paying subscribers."
Mr. Markley further noted that, "We have maximized the use of our capital. While we are still confronted with money issues, we believe we are on the right course." The Company's growth is best evidenced, by the following, which have been previously reported by the Company. The Company's recent achievements, as previously disclosed on Forms 10KSB and 10QSB, are:
-- Completion of $16.475 million private placement;
-- Completion of acquisition of 100% of Internet Billing Company LLC, http://www.ibill.com, a leading online money transfer and payments company;
-- Completion of acquisition of 34.7% ownership in Penthouse Media Group, a global media company;
-- Completion of acquisition of up to 25% of ITVN, Inc., an IPTV broadband video content provider;
-- Completion of $2.1 million short term credit facility;
-- Completion of $13.0 million agreement with First Data to release cash reserves;
-- Completion of $14.0 million agreement with European processing bank to release cash reserves;
-- Completed the acquisition of additional animation cell-art library valued at $3,015,000;
-- Launch of peer-to-peer online money transfer service at http://www.gkbill.com.
Interactive Brand Development (IBDI): Due To Bounce Off Oversold Condition
ATLANTA, April 26, 2005 (PRIMEZONE) -- NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by OTCStockReview.com.
We have been getting a lot of requests for small-cap trading ideas for the impending summer rally. Considering that the Dow has bounced off of 10,000 a couple of times, and the NASDAQ has bounced off of 1900, it could be time to start looking. Interactive Brand Development (Pink Sheets:IBDI) has been in oversold territory since getting delisted from the AMEX earlier this year. Technically, the stock has formed a double bottom. The double bottom is a major reversal pattern that forms after an extended downtrend. As its name implies, the pattern is made up of two consecutive troughs that are roughly equal, with a moderate peak in between.
Interactive Brand Development (Pink Sheets:IBDI) could be the turnaround play of the year. One of the worst performing stocks on the AMEX in 2004, IBDI can now be found trading in the Pink Sheets. Interactive Brand Development (Pink Sheets:IBDI) has restructured itself in to a digital media company that owns and operates a P2P Payment Network used to cross sell high margin premium content and interactive services to their user community and to broadband enabled homes worldwide. Their interests include household names such as Penthouse, Internet Billing Company (iBill), XTV Networks, gkard, and iBidUSA.com.
Additionally, IBDI owns 35% of Penthouse Media Group (PMGI), publisher of Penthouse magazine. Marc Bell and Daniel Staton will manage and operate PMGI. Mr. Bell served as Chairman and CEO of Globix Corporation, a publicly traded ISP. Dan Staton founded the forerunner of Duke Realty Investments, Inc. (NYSE:DRE) and serves on the Board of Directors of Public Storage (NYSE:PSA). Staton described Penthouse as "hardcore, awful" and has turned it into something edgy, political, "a lot softer." The group has toned down Penthouse's content making it like Playboy (NYSE:PLA) and Maxim while rebuilding the distribution network among retailers to boost circulation. They're also looking to extend the Penthouse brand into cable TV, the Internet, and licensing deals.
Interactive Brand Development (Pink Sheets:IBDI) recently engaged Corporate Revitalization Partners LLC to assist IBD in the management of its subsidiary, Internet Billing Company ("iBill"). CRP has been in the public eye since they were engaged by Management Specialties (AMEX:MSS) on June 20, 2002. MSS stock price, then at $2.45, subsequently rebounded to a recent high of $28.30!
The market tends to emotionally overreact in both directions. The stock had probably traded up a little too quickly to deserve an $8.00 price last year, but has now dropped back down to a very favorable entry level and looks to be oversold.
The stock could be ripe for a bounce because it has now held its current level for a couple of months, and the volume has dropped off significantly. Note the volume bars at the bottom of the chart. They peak when the stock hit its high, and begin dropping off as the volume drops. This volume component tells us the supply from sellers is probably exhausted, and the stock is ready to bounce. In addition, the chart tells us that we are starting to see some buyers coming back in. You can see this in the sharp increase in volume in recent weeks. This could show more evidence of a high probability entry point.
Yesterday IBDI contributed to the turn around picture by announcing a summary of their 10-K. One of the most important parts of the release is that total assets reported for the year end December 2004 are $50,113,435. Total liabilities are $12.2 million, $9.5 million of in connection with the issuance of 5-year, 10% convertible notes, due in September 2009. Total shareholder equity reported from the period ended December 31, 2004 is $37,890,556, leading us to believe that there could be some significant value here.
Interactive Brand Development, Inc. Acquires Strategic Stake In Video Over IP Network Provider, XTV, Inc.
DEERFIELD BEACH, Fla.
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
invrel@invrel.net
XTV's Products and Services Address the Fast Growing Internet Protocol Television ("IPTV") Marketplace
Interactive Brand Development, Inc. (Pink Sheets:IBDI) announced today it has completed the acquisition of 25% of XTV, Inc. ("XTV"; http://www.xtv.com).
XTV is a subscription based pay TV service. XTV uses a broadband connection to deliver television style programming over the Internet. The XTV channels and pay-per-view movies are viewed on any television with no need for a personal computer. XTV consists of a remote control and a paperback book-sized set-top box.
PC Magazine recently said, "the technology (is) real, even remarkable" and "the tiny box worked exactly as promised."
The XTV innovation of pay TV is similar to other new categories of paid entertainment innovations like digital satellite radio. Sirius (NASDAQ:SIRI) and XM Radio (NASDAQ:XMSR) have forever changed radio programming in a way that XTV could change television programming.
Other similarities are that XTV has no restrictions on 'broadcast' content because it is not using 'public airwaves', but is using the Internet. Disk jockey Howard Stern moved to Sirius radio where his content will no longer be regulated by the Federal Communication Commission (the "FCC") as it was at Viacom's Infinity Broadcasting radio unit.
According to Nielsen//NetRatings there are over 60 million US broadband households, those households being capable of receiving the XTV network broadcast. Despite the adult entertainment business being a multi-billion dollar industry annually, cable and satellite broadcasters are limited in the content categories they offer consumers and, therefore, have a small percentage of the total market. Unlike these providers, XTV offers an almost unlimited range of adult oriented entertainment on-demand.
In addition, men, women or couples can access adult content of their choice without entering personal data and credit card information over the Internet on a PC to some unknown website provider. They are free to watch movies in the privacy of their bedroom or livingroom, not the home office, with a touch of one button.
Adult entertainment was the first widely successful paid-content Internet service in the 90's. Demand for adult content has increased dramatically since then and XTV transitions this proven paid-content model to the home television set market.
XTV offers a subscription based model with access to over 50 streaming channels and over 10 interactive video products for only $29.95, a considerable value proposition for consumers. Additional pay-per-view services include a massive on-line catalogue of premium titles and other services including e-commerce and chat.
"This investment is strategic. We have added cutting edge distribution technology to our investments in online payment infrastructure and global consumer brands. IBDI is capitalizing on broad-based, fundamental changes in how adult entertainment is consumed, delivered and paid for. We have a core set of investments from which to integrate a powerful new media company using the compelling demand trends in paid adult content."
About Interactive Brand Development, Inc.
Interactive Brand Development, Inc. (IBDI) is a new media company that owns interests in online and offline media properties. IBDI processes online credit card payments and manages consumer databases through its wholly owned subsidiary, Internet Billing Company. IBDI has minority ownership of 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.
