12-30-2005, 08:04 AM
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Megan Fox's fluffer
Industry Role:
Join Date: Oct 2005
Location: shooting pool in Elysium
Posts: 24,818
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Quote:
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Originally Posted by andrewatibill
Some (not all) of the First Data held funds were released DIRECTLY TO THE CLIENTS THEMSELVES. None of that money was released to iBill. Clients who agreed to the terms for the First Data release money were paid several months ago. Some who were not paid are still waiting for that money (from First Data), and those who did not agree have not been paid. iBill did NOT receive any of that money.
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iBill Announces $41.6 Million in Client Payments in Cash and Term Notes; iBill Settles With First Data Merchant Services Business Wire
April 15, 2005 DEERFIELD BEACH, Fla.
-- Interactive Brand Development, Inc. (Pink Sheets:IBDI) announced today that its subsidiary, Internet Billing Company LLC ("iBill"), is making a payment of $41.6 million to all former and current clients for transactions processed up to February 28, 2005. The payment is comprised of $21.6 million in cash and $20 million in term notes (the "iBill Payout").
http://www.findarticles.com/p/articl...5/ai_n13612859 |
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