Penthouse May Open Resorts, Travel Opportunities

DEERFIELD BEACH, Fla. — Vacation getaways branded with the Penthouse name and softer content may be the next step for the recently restructured magazine, which recently came out of bankruptcy.

In a statement announcing the acquisition of 40 percent of non-voting Penthouse Media Group stock by prospective iBill purchaser Care Concepts I Inc., the magazine revealed a little bit more of the direction that new managers Marc Bell and Daniel Staton intend to take the company, including attracting a broader audience by softening content and enhancing licensing deals.

As a significant shareholder in the newly restructured Penthouse Media Group, Care Concepts will be allowed the first chance to use the Penthouse name for auction websites, lifestyle resorts, travel agencies and travel related websites. Care Concepts will also be able to designate one member of the Penthouse Media Group’s board of directors.

“Our equity interest in Penthouse Media Group provides the company with an opportunity for financial appreciation and, subject to our negotiation of mutually satisfactory licenses with Penthouse Media Group, should enhance our existing businesses by providing global branded travel offerings and levering on the Penthouse bran name,” said Gary Spaniak Jr., president of Care Concepts.

Care Concepts financed the acquisition by issuing more than $16.4 million in notes and new preferred stock, convertible to roughly 70 million shares of common stock sometime within the new five years.

As part of the financing, Care Concepts created a glut of Series G Preferred Stock that influenced Mexican doctor Luis Enrique Fernando Molina, who had been involved in a bitter legal battle with the new Penthouse owners, to drop all pending litigation against Penthouse Media Group.

“In the course of our prior litigation, a number of inflammatory allegations were made which we believe were the product of our intense competition with the Bell/Station Group for control of Penthouse Media Group,” said Molina. “These comments were an unfortunate part of litigation ‘gamesmanship.’”

In a separate announcement made Thursday, Care Concepts confirmed speculation that it had terminated a letter of intent to purchase Arizona-based Best Candy and Tobacco Company.

Speculation about the letter’s termination had been raging since Flamemaster Corporation, a company that produces flame-retardant coatings, announced it was buying the candy distributor almost two weeks ago.

The announcements come following several stormy months for the company, which was forced to delay its acquisition of payment processor iBill. The company also had its stock delisted from the American Stock Exchange for a variety of public-interest concerns.

Care Concepts stock also dropped markedly during the past few months, falling from roughly $6 two months ago to an all-time low of $.54 before bouncing back up to $.72 in the last two weeks.

Copyright © 2025 Adnet Media. All Rights Reserved. XBIZ is a trademark of Adnet Media.
Reproduction in whole or in part in any form or medium without express written permission is prohibited.

More News

Eye of Love Expands 'Bloom' Collection

Eye of Love has introduced two new perfume oils from its Bloom collection.

Nobü Expands 'Essentials' Collection

Nobü is expanding its Essentials collection with three new pleasure products.

Valerica Steele Headlines Jonni Darkko's 'DVP Sluts'

Valerica Steele toplines director Jonni Darkko’s “DVP Sluts,” from Evil Angel.

Michael Ninn Returns With 'Catherine' Sequel Made Entirely by AI

Veteran filmmaker Michael Ninn, though retired from the adult business for the past 10 years, recently unveiled a new episodic project titled "Catherine II: The Series," which serves as a sequel to his 2005 adult film "Catherine."

Like a Kitten to Launch 'Adventure Collection'

Pleasure brand Like a Kitten has announced that it will launch its new Adventure Collection on July 15.

Full Circle Debuts New Bullet Vibes

Pleasure brand Full Circle has introduced a new range of bullet vibrators.

Magic Silk Debuts 'Butterfly Fantasies' Collection

Magic Silk has introduced its new Butterfly Fantasies line of intimate wear.

Orion Debuts 'Vipepad' Ride-On Vibrator

Orion Wholesale has introduced the latest edition of its Vibepad ride-on vibrator.

Alison Rey Stars in Latest From New Sensations

Alison Rey stars with Isiah Maxwell in the latest release from New Sensations.

Xgen's Dr. Mindy DeSeta Spotlighted on CBS News

CBS News has spotlighted Xgen Products resident sex therapist Dr. Mindy DeSeta on its Miami and West Palm Beach affiliate stations.

Show More