bits & bytes - Ping! Zine Web Tech Magazine

More documents

Recommendations

Info

BITS & BYTES Bills.com Domain Name and Trademarks Sold for $964,500 by Derek Vaughan, The Hosting News www.thehostingnews.com The domain name and trademark of bills.com has been sold for $964,500 and other considerations. Payment Data Systems, Inc., an integrated electronic payments solutions provider, today announced that it has signed a Letter of Intent to sell the domain to Alivio Holdings, LLC (Alivio), parent of Freedom Financial Network, LLC (FFN), Freedom Debt Relief, LLC (FDR) and Freedom Tax Relief, LLC (FTR) of San Mateo, California. The intended asset sale has a number of key and important strategic elements to it: -- PDS will sell the assets (domain and trademarks) of bills. com and related services to Alivio for $964,500 dollars. • PDS will retain all assets of bills.com exclusive of the bills. com domain and bills.com trademark and gain new revenue. • PDS and FFN will agree that PDS build and run a private labeled bill payment site for FFN. • FFN will pay to PDS, a recurring fee for each subscriber they acquire into the new bills.com program, and guarantee $72,000 in minimum subscriber fees to PDS. • FTR, a wholly owned affiliate of Alivio Holdings, LLC, will engage PDS for additional services not directly related to the bills.com transaction. This includes ACH processing, Returned Check processing, and credit card processing. • FFN will commit a minimum of $180,000 to be applied to marketing bill payment services for the new bills.com website. • FFN is projecting that the FFN bills.com website, powered by billx.com, could have over 5,000 subscribers within the next twelve months. This projected growth will generate over $25,000 a month in additional subscriber revenue for PDS. Additional and important aspects of the transaction include: • PDS will rename their subsidiary Bills.com, Inc. to Billx. com, Inc. or similar name. • All existing customers of the current bills.com service will be ported to the new billx.com domain without service interruption. • PDS, through billx.com, will not lose any existing revenue as a result of this transaction. In fact, servicing the new FFN bills.com website will bring in new revenue. The anticipated effects of the agreement and the associated follow on transactions are: • The transaction and related agreements should be accretive to earnings for PDS over the term of the agreements. • Positions PDS for positive EBITDA (earnings before interest, taxes, depreciation and amortization) and net income in the fourth quarter of 2005 and eliminates our debt. • Positions billx.com to accomplish a number of existing and new initiatives include: • Expands and enhances our ability to acquire and deliver private-labeled sites for banks, debit card issuers, and credit unions quickly and efficiently. A differentiating and valuable component of our solution allows these private-labeled sites to be operated as payment consolidators for all bills not just their own bills. • Enhances PDS’ ability to expand delivery of bill payment, account transfer, and debit-card loading technologies to new clients, particularly those in the debt management industry with “customer-facing” needs. “We are very pleased with this event,’’ stated Michael Long, Chairman and CEO of PDS. ‘’Clearly the agreements when fully executed validate the viability of our strategy of private labeling and create a cash position that significantly changes our financial profile and opens up new opportunities for PDS. We expect these agreements to be completed within the current week.’’ Andrew Housser, Co-CEO of Alivio and Freedom Financial Network, added, ‘’We are very excited about the acquisition of bills.com and see this as a key step in enhancing our brand and profile in the consumer debt management industry. In addition we look forward to entering the fast growing bill payment space by partnering with one of the leading players in the industry.’’ To learn more, please visit: www.paymentdata.com or www. freedomfinancialnetwork.com. 10 Ping! Zine Web Hosting Magazine
ModernBill introduces a TCAdmin Module for automated gameserver ordering ModernGigabyte, LLC, a leading developer of automated and integrated billing solutions for hosting providers, and Balance Servers, producer of the TCAdmin game control panel, today announced support for TCAdmin in the latest build of ModernBill 4.3.2. The integration between ModernBill and TCAdmin represents a complete solution for Gaming Service Providers (GSPs), providing them a scalable and automated system for delivering their products. TCAdmin is the first GSP panel to have a built-in integration module within ModernBill. This will mean that GSPs will be able to completely automate the ordering, payment, fraud verification and service provisioning for game servers. This automation will significantly lower overhead costs of operating a GSP and improve the service delivery to game players everywhere. Balance Servers found that the two products are very similar in their design. Both offer the flexibility to do things the GSPs own way, instead of forcing a method on their companies. And both companies seem to have found out that by listening to their clients, and incorporating new features that their clients want, the software becomes even more flexible and appealing to new clients as well. “With the release of the TCAdmin Module for ModernBill, we as a company can honestly say that ModernGigabyte and its staff are truly a great group of people to work with,” said Balance Servers Co-owner, Kevin O’Donnell. “And we would fully encourage other companies to work with them as well.” ModernBill’s order process has the ability to accept many additional variables that create package add-ons. When used with the TCAdmin module, the order process supports over 20 add-ons that let the GSP collect all of the required information from the customers and fully automate the order based on those variables. ModernBill supports every administrative variable found in TCAdmin. The system can automatically create, delete, suspend and unsuspend services based on payment or nonpayment. www.pingzine.com 11
Page 2 and 3: 2 Ping! Zine Web Hosting Magazine
Page 4 and 5: BETWEEN THE COVERS 22 FEATURED ARTI
Page 6 and 7: THANKS TO OUR SPONSORS Blue Pay....
Page 8 and 9: BITS & BYTES Comodo Appoints Carlos
Page 12 and 13: BITS & BYTES Domain Name Sold for $
Page 14 and 15: BITS & BYTES IPOWER Receives Top We
Page 16: BITS & BYTES Interland Announces Sa
Page 19 and 20: WEB HOSTING COMPANIES UNITE BEHIND
Page 21 and 22: www.pingzine.com 21
Page 23 and 24: [featured article] Major security b
Page 27 and 28: Some businesses are this easy to st
Page 29 and 30: usiness around them), work from the
Page 31 and 32: difficult to extend or even underst
Page 33 and 34: SEARCH ENGINE ACTIVITY 2004 If you
Page 35 and 36: sales@rackmountmicro.com 1.800.673.
Page 37 and 38: tool will display various search te
Page 39 and 40: servers - most notably the use of S
Page 45 and 46: y spam. Another thirty-nine percent
Page 47 and 48: 1Create a place of value and intere
Page 53 and 54: likely move to the most expensive N
Page 55 and 56: and therefore are particularly help
Page 57 and 58: Complete Automation and Virtualizat
Page 59 and 60: Find Out More About Our Proven Solu
Page 61 and 62:
www.pingzine.com 61
Page 63 and 64:
SERVICE DIRECTORY HOSTING DIRECTORI
Page 65 and 66:
www.pingzine.com 65
Page 67:
www.pingzine.com 67
show all

bits & bytes - Ping! Zine Web Tech Magazine

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?