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Old 12-11-2007, 11:39 PM  
Gerco
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Cathy Beardsley, iBill's President, has announced that she will be leaving iBill to pursue other interests. While IBD regrets Cathy's departure we note that she chose both in the interests of iBill's clients and employees to remain at iBill during the very difficult months of uncertainty while IBD evaluated iBill's business. It is largely due to her efforts that IBD was able to feel comfortable in our ability to address iBill's financial issues and complete this acquisition to the benefit of iBill's clients. Over the next 30 days, Cathy will be working with IBD management to ensure the finalization of the First Data reserve release as well as the implementation of the Inteca trusted third party payment program for our European clients. She may also continue to work with iBill on a freelance basis going forward.
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