Penthouse (PHSL)

[Crazybear]

PHSL.OB up 29%. IMPORTANT UPDATE

The die is set! PHSL will retain ownership of Gen Media, the publisher
of Penthouse magazine, owner of the Penthouse trademark and all the media and
publishing interests. In accordance with the mutual agreement
between PHSL and the note holders lead by Marc Bell and associates,
the Judge on April 14, will approve the Plan of reorganisation put
forth by PHSL. With the purchase of IBill, PHSL will now have two
subsidiaries bringing monthly cash flow to the company.Both Gen
Media and IBill are profitable business.. The real estate
development subsidiary may take a while to take off, but will
contribute immensely to the profit in the future. IMHO the future of
PHSL is great and the stock is grossly undervalued. Not too
many investers are aware of what is going on and when it is known in
a weeks time, this rocket is set to go!! So get your tickets, strap
yourself tight, and enjoy the ride!!

CAVEAT EMPTOR.



Allan Ng