Penthouse International Profiled in OTC Financial Network Report NEW YORK, Feb. 11 /PRNewswire-FirstCall/ -- Penthouse International (BULLETIN BOARD: PHSL) , a diversified holding company with operating subsidiaries in adult entertainment and real estate, announced today that OTC Financial Network, a division of National Financial Communications Corp., has issued an InvestorFacts report on the Company. The report includes a profile of the Company's business segments, diversified operating strategy and investment considerations. Interested parties can view the report online at http://www.otcfn.com/phsl/report.html or call 781-444-6100 x629 for reprints. General Media, 99.5% owned by Penthouse International, has sought bankruptcy protection in order to reorganize its debt. Penthouse International and Del Sol Investments LLC, its real estate subsidiary, have no existing corporate debt. Penthouse International did not file for protection under the Bankruptcy Code and its activities are not subject to Bankruptcy Court supervision. Geoffrey Eiten, president of National Financial Communications Corp., stated, "Through General Media's flagship magazine PENTHOUSE, the Company has accumulated a proprietary library of adult content consisting of approximately one million high quality, still photographic images and more than 90 original motion picture titles. Subject to General Media's emergence from reorganization, immediate availability of content is being leveraged to scale up its website and enter into partnerships with third party distributors. In addition, the General Media growth plans include opening roughly 25 gentlemen's nightclubs in the U.S. during 2004." Eiten concluded, "With a diversified growth strategy that calls for penetrating multiple sales verticals, such as online and real estate, Penthouse is poised to enter a new phase of dynamic, long-term growth. Provided subsidiary General Media successfully emerges from its plan for restructuring, Penthouse is positioned for a majorturnaround, delivering solid potential for appreciating shareholder value." OTC Financial Network OTC Financial Network, a division of National Financial Communications Corp. (http://www.nationalfc.com/) based in Needham, Massachusetts, is a full- service financial communications and investor relations firm that specializes in micro-cap companies. The Company's proactive campaigns are custom designed to strengthen each client's presence in the investment community by disseminating breaking news andfundamental positions to spheres of influence; building upon the client's existing shareholder base; and soliciting institutional coverage. For more information, visit http://www.otcfn.com/. About Penthouse International, Inc. Penthouse International, Inc., through its 99.5% owned subsidiaries General Media, Inc. and Del Sol Investments LLC, is a brand-driven global entertainment business founded in 1965 by Robert C. Guccione. General Media's flagship PENTHOUSE brand is one of the most recognized consumer brands in the world and is widely identified with premium entertainment for adult audiences. General Media caters to men's interests through various trademarked publications, movies, the Internet, location-based live entertainment clubs and consumer product licenses. General Media licenses the PENTHOUSE trademarks to third parties worldwide in exchange for recurring royalty payments. Disclaimer: OTC Financial Network, a division of National Financial Communications Corp., is not a registered broker/dealer and may not sell, offer to sell or offer to buy any security. OTC Financial Network profiles are not a solicitation or recommendation to buy, sell or hold securities. An offer to buy or sell can be made only with accompanying disclosure documents from the company offering or selling securities and only in the states and provinces for which they are approved. Information or opinions in this release and the company's profile are presented solely for informative purposes, and are not intended nor should they be construed, as investment advice. OTC Financial Network has received payment for its services, including the publication of the aforementioned InvestorFacts report and this news release, paid for in two million shares of the Company's common stock. Full disclaimer can be found at http://www.otcfn.com/phsl. Safe Harbor This release contains statements relating to future results of the Company (including certain projections and business trends) that are "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to the availability of DIP financing for the General Media subsidiary, the impact that public disclosures of the Company's liquidity situation and Chapter 11 filing may have on the Company's businesses, the fact that no assurances can be given that the General Media Plan of Reorganization will enhancethe Company's competitive position, as well as other risks and uncertainties detailed from time to time in the filings of the Company with the Securities and Exchange Commission. On August 12, 2003, General Media and its direct and indirect subsidiaries (the Debtors) filed voluntary petitions for relief under Chapter 11 of Title 11 of the United States Code in the United States Bankruptcy Court for the Southern District of New York. Penthouse International, Inc. owns 99.5% of the capital stock of General Media. Penthouse did not file for protection under the Bankruptcy Code and its activities are not subject to Bankruptcy Court supervision. On December 22, 2003, the Debtors filed their Joint Plan of Reorganization and the disclosure statement with respect to the Plan (as such Disclosure Statement may be amended). If the Plan is confirmed pursuant to its current terms, no distribution on account of equity is proposed under its terms. For additional information, reference is made to publicly available documents filed with the bankruptcy court to determine the most current status of all matters related to the bankruptcy case of General Media. The website of the Bankruptcy Court is http://www.nysb.uscourts.gov/. For more information, contact: Gary Geraci OTC Financial Network781-444-6100 ext. 629 See also: http://www.otcfn.com/phsl DATASOURCE: Penthouse International, Inc. CONTACT: Gary Geraci of OTC Financial Network, +1-781-444-6100, ext. 629, or Web site: http://www.otcfn.com/phsl http://www.nationalfc.com/

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