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AMEX:IBD) announced today that, on January 21, 2005, it completed the acquisition of 100% of the equity interests in Media Billing Company, LLC, which owns 100% of the equity interests in Internet Billing Company, LLC ("iBill"), from PHSL Worldwide, Inc. PHSL had informed IBD that, on or about December 16, 2004, iBill met with VISA USA in connection with certain new domestic processing systems being marketed by iBill that were designed to replace processing capabilities lost in September 2004 in connection with the expiration of the First Data contract. AMEX:IBD) announced today that its agreement to acquire Media Billing Company, LLC and its wholly owned subsidiary, Internet Billing Company LLC, from PHSL Worldwide Inc. |
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