posted
PHSL Appears to be at a low not sure which to place this one it teeters on .10 so if this is on the wrong side of the fence oooops....
Posts: 563 | Registered: Jan 2004
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posted
Thanks for the reply I am reading through the latest 10Q and hope to find any outstanding debts. Will look around the financial sites of the listed banks in the 10Q as well to double check.
Posts: 563 | Registered: Jan 2004
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It states at they have no Corperate debt and no equity distributuins will be made, this could be interesting...........
================ ============= ================ Welcome, RobertPolley [Sign Out] Money Manager - My Yahoo! View - Customize Financial News Enter symbol(s) BasicPerformanceReal-time MktDetailedChartResearchOptionsOrder Book Symbol Lookup
Press Release Source: OTC Financial Network
Penthouse International Retains OTC Financial Network to Direct Comprehensive Investor Relations Campaign Monday February 9, 4:29 pm ET
NEW YORK, Feb. 9 /PRNewswire-FirstCall/ -- Penthouse International (OTC Bulletin Board: PHSL - News), a diversified holding company with operating subsidiaries in adult entertainment and real estate, announced today that it has retained OTC Financial Network, a division of National Financial Communications Corp., to direct a comprehensive investor relations program. OTC Financial Network plans to implement an investor relations program that improves shareholder communications, increases Penthouse's base of retail and institutional investors and formulates market awareness among the investment community. ADVERTISEMENT
General Media's PENTHOUSE brand name is recognized internationally from more than 35 years in the adult publishing and entertainment industry. General Media, 99.5% owned by Penthouse International, has sought bankruptcy protection in order to reorganize its debt. Penthouse International and Del Sol Investments LLC, its real estate subsidiary, have no existing corporate debt.
Geoffrey Eiten, president of National Financial Communications, stated, "Recently Penthouse International has reformulated its business model to allow for multiple revenue streams in order to more fully capitalize the brand names owned by General Media, as well as to capitalize on recently acquired real estate. Through General Media, the Company operates several strategic business units, including publishing, Internet, video and DVDs and adult nightclubs. Subject to the emergence from reorganization, the Company plans to engage in significant cross-promotion activities among these segments in order to maximize future revenues and earnings."
Eiten added, "With a focus on diversification, Penthouse's Del Sol Investments LLC affiliate recently hired an engineering firm to help develop 370 acres of Penthouse-owned property on the Mexican Riviera. Del Sol plans to build exclusive membership-based resorts, providing Penthouse investors additional future growth opportunities that could provide for additional stock appreciation."
About OTC Financial Network
OTC Financial Network, a division of National Financial Communications Corp. (www.nationalfc.com) based in Needham, Massachusetts, is a full-service financial communications and investor relations firm that specializes in micro-cap companies. The Company's proactive campaigns are custom designed to strengthen each client's presence in the investment community by disseminating breaking news and fundamental positions to spheres of influence; building upon the client's existing shareholder base; and soliciting institutional coverage. For more information, visit http://www.otcfn.com.
About Penthouse International, Inc.
Penthouse International, Inc., through its 99.5% owned subsidiaries General Media, Inc. and Del Sol Investments LLC, is a brand-driven global entertainment business founded in 1965 by Robert C. Guccione. General Media's flagship PENTHOUSE brand is one of the most recognized consumer brands in the world and is widely identified with premium entertainment for adult audiences. General Media caters to men's interests through various trademarked publications, movies, the Internet, location-based live entertainment clubs and consumer product licenses. General Media licenses the PENTHOUSE trademarks to third parties worldwide in exchange for recurring royalty payments.
OTC Financial Network serves as special advisor to Penthouse International, Inc. and has received fees for services for preparation and dissemination of materials, including payment of two million shares. This is not an offer to buy or sell securities. Information or opinions in this release are presented solely for informative purposes, and are not intended nor should they be construed as investment advice. Full disclaimer information can be found at http://www.otcfn.com/phsl.
Safe Harbor: This release contains statements relating to future results of the Company (including certain projections and business trends) 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 certain risks and uncertainties, including but not limited to the availability of DIP financing for the General Media subsidiary, the impact that public disclosures of the Company's liquidity situation and Chapter 11 filing may have on the Company's businesses, the fact that no assurances can be given that the General Media Plan of Reorganization will enhance the Company's competitive position, as well as other risks and uncertainties detailed from time to time in the filings of the Company with the Securities and Exchange Commission. On August 12, 2003, General Media and its direct and indirect subsidiaries (the Debtors) filed voluntary petitions for relief under Chapter 11 of Title 11 of the United States Code in the United States Bankruptcy Court for the Southern District of New York. Penthouse International, Inc. owns 99.5% of the capital stock of General Media. Penthouse did not file for protection under the Bankruptcy Code and its activities are not subject to Bankruptcy Court supervision. On December 22, 2003, the Debtors filed their Joint Plan of Reorganization and the disclosure statement with respect to the Plan (as such Disclosure Statement may be amended). If the Plan is confirmed pursuant to its current terms, no distribution on account of equity is proposed under its terms. For additional information, reference is made to publicly available documents filed with the bankruptcy court to determine the most current status of all matters related to the bankruptcy case of General Media. The website of the Bankruptcy Court is www.nysb.uscourts.gov.
For more information, contact: Gary Geraci OTC Financial Network 781-444-6100 ext. 629 garyg@otcfn.com
posted
Hardly on fire but nudging up last few days without news,spent 3 month's holding that 0.10 level...good base pattern
Posts: 51 | From: Australia | Registered: Apr 2002
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Did some research. They have 220,000,000 O/S @ .09 = 19,000,000. This is a major magazine that is emerging from bankruptcy unharmed. $107 mil property. $60 mil bailout. WAY UNDERVALUED!!!!!!
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Greg, You may know your stocks, and I don't.... but the Mansion referres to the PLAYBOY MANSION!!! lol,,, just a small rival from Penthouse! B
Posts: 300 | From: Comer, Ga, USA | Registered: Mar 2004
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posted
Good one "Just Learning", my bad....I don't follow this stock...They should both have mansions...lol, I'm tired today...not thinking too clearly...I dated a Penthouse center fold once, it was either Penthouse or Playboy...Maybe it was Hustler...I don't remember...I almost got a second one but after a day of partying, we were just about to do it and she says..."I have a boyfriend"...aaaaarrrrrrrggggggg, being the nice guy that I am I said okay and good night, I get nice and idiot confused...lol , I dated the first one for about a month...biggest ti**s I ever seen...lol....100% fake...I LOVE fake ti**s...well worth the 5,000 bucks...lol
[This message has been edited by GREGDOGG (edited March 10, 2004).]
posted
lol, GREAT post G-Dog. Unfortunately, i'm more interested in making some dinero right now! I wish all a great day tomorrow! B
Posts: 300 | From: Comer, Ga, USA | Registered: Mar 2004
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I don't know how true this is but , I read on another board that the current shares will be worthless once the company emerges from bankruptcy. I certainly would check out that possibility if I was either invested in this or a potential investor. Kaged
Posts: 39 | Registered: Sep 2003
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I'm not sure about how this works-PHSL is a holding company that is debt free general media, the only real moneymaker, is chapter 11 and a subsidiary of PHSL. So in other words I don't know for sure how one effects the other.
Posts: 123 | From: anchorage, ak. usa | Registered: Jan 2004
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Be careful with PHSL...the MM or whoever it is trading thru Gnet and a few other alias's has been just fuking this stock over bigtime. They seem to have good inside info on news coming,they start buying 3 days before and sell straight into the news release which stuff's it for going up,Last news release it was bullish as hell but the prick would'nt move off the ask.Hence why its back down where it is.
I'm bullish PHSL,they've stated in their last press release they've got the money available to get general media out of it.But the stock is just too manipulated to be bothering with atm...
P.S General media in their filings have been netting after tax income of over 1M per month lately too,check out PHSL's 8k's filed
[This message has been edited by tuna (edited March 12, 2004).]
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