Penthouse Reaffirms Agreement with Care Concepts for the Sale of iBill

NEW YORK & DEERFIELD BEACH, Fla.--(BUSINESS WIRE)--Sept. 27, 2004--Penthouse International (Pink Sheets:PHSL), a diversified holding company with operating subsidiaries in adult entertainment, payment processing, Web-based software and real estate, and Care Concepts (AMEX:IBD) have agreed to modify the transaction entered into on August 31, 2004. The parties have agreed to rescind the closing. However, both parties remain subject to the terms of the fully executed definitive stock purchase agreements.

The modification was entered into in order to provide the American Stock Exchange sufficient time to review the impact of the transaction on Care Concepts. The parties have agreed to re-close the transaction after the American Stock Exchange has provided its consent or on January 21, 2005. No Care Concepts stock will be issued to Penthouse unless and until the Exchange provides its consent.

“With the pending acquisition of iBill and Best Tobacco, IBD will have a diversified revenue base with a long-term track record we think substantially benefits our Penthouse shareholders.”

As a result of the rescission, Care Concepts was advised by the American Stock Exchange that it will not be delisted from the Exchange.

"Penthouse is looking forward to closing the transaction and becoming a IBD shareholder," said Claude Bertin, executive vice president of Penthouse. "With the pending acquisition of iBill and Best Tobacco, IBD will have a diversified revenue base with a long-term track record we think substantially benefits our Penthouse shareholders."

About Care Concepts I, Inc.

Care Concepts I, Inc., (AMEX:IBD) is a media and marketing holding company with assets including: Forster Sports, Inc., a sports-oriented, multi-media company that produces sports radio talk shows; and iBidUSA.com, a popular website which showcases products and services in an auction format starting with an opening bid of about 30% percent of the retail value. Care Concepts has agreed to acquire Internet Billing Company (iBill), which sells access to online services and other downloadable products (music, games, videos, personals, etc.) to consumers through proprietary web-based payment applications. Since 1996, iBill has established a trusted brand with consumers and online businesses with 27 million customers in 38 countries. Care Concepts I, Inc., actively and regularly pursues additional acquisition opportunities to enhance its portfolio holdings and iBill.

Statements about the Company's future expectations, including future revenues and earnings and all other statements in this press release, other than historical facts are "forward-looking statements" within the meaning of section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as the term is defined in the Private Litigation Reform Act of 1995. The Company's actual results could differ materially from expected results. The Company undertakes no obligation to update forward-looking statements to reflect subsequently occurring events or circumstances. Should events occur which materially affect any comment made within this press release, the Company will appropriately inform the public.