DEERFIELD BEACH, FL – Interactive Brand Development, Inc. (IBDI), the parent company of the Internet Billing Company (Ibill), announced Friday that its new client sign-up processing transaction volume grew by 19% from June to July of this year.“We are executing our business plan and the increase in volume reflects our progress. New client sign-ups are one of the most important metrics in our business as part of our trend analysis, and the trends appear very promising,” said Gary Spaniak, President.
The processing volume increase comes in the context of iBill’s attempt to re-establish itself as a major player in the adult website subscription space. Towards that end, iBill attended Internext in Florida last week, the first industry event Ibill has had a presence at since being acquired on January 21st of this year.
According to a company statement, “iBill employees staffed its corporate booth and greeted conference-goers with updated information about its progress in growing the business” while in attendance at Internext.
“The iBill team has proven its resolve,” said Steve Markley, iBill’s CEO. “We attended the event to emphasize our commitment to the future of iBill and its clients and to build on our 10-year track record.”
According to a recent company press release, iBill has been reorganizing its business since March of this year, introducing “innovative payment alternatives,” including peer-to-peer capabilities and prepaid card-based solutions.
“These new solutions have proven more stable than ever before and have provided on-time payments to clients every two weeks. Several million dollars have been paid since new management took over,” the company stated in its release.
The company’s press releases do not specify what portion, if any, of the debts owed to iBill processing clients incurred since the 3rd quarter of 2004 have been paid, or if any arrangements to pay down debts have been made with current or former iBill clients.
