P I N K__ I N V E S T O R S

[HobbyTrader]

PHSL DD compilation. Take a look

PHSL owns 49.9% common stock outstanding of IBDI which owns 27% of PMGI

From IBDI 10-K
On January 21, 2005, we acquired all of the membership interests in Media Billing, LLC, which owns 100% of the membership interests in iBill, from PHSL Worldwide, Inc. (PHSL), in exchange for 330,000 shares of our Series D convertible preferred stock, the conversion of which would result in PHSL owning 49.9% of our fully diluted common stock outstanding. In July 2005, Media Billing LLC and iBill were amalgamated into iBill Corporation

http://www.nytimes.com/2007/12/12/technology/12penthouse.html?_r=1 check this link from 07 as well for acquisition information.

Also, PHSL owns an equity interest in PMGI(now FriendFinder) per pervious fillings and links. Friend finder info can be found here: http://biz.yahoo.com/ic/43/43851.html where it says they plan to do an IPO in 2010.