Millennium International Ltd., which sold operating subsidiary Logic Communications this year to the Bermuda Telephone Co. Ltd., is paying its shareholders another $2.50 a share.

The sum brings the payout to shareholders up to $7.50 a share so far, for a total of $10.65 million. The company is currently distributing all its assets to shareholders as its sells off its other subsidiaries.

Millennium sold Logic for $8 million. The company is currently in the process of selling its Bahamas-based subsidiaries in a merger agreement with KPMG Bahamas. Millennium owns Digital Systems (Bahamas) Ltd. and Internet (Bahamas) Ltd.

The company is also locked in a US court battle to try and extract $2 million in payments owed to the company by a Florida-based purchaser of a subsidiary.

David Mobley of Maricopa Investment has defaulted on $2 million of a $4 million the company owes Millennium for the purchase of Attitude Network.

Maricopa agreed to purchase Attitude, a computer gaming company based on the Internet, in February last year.

Maricopa has paid $2 million of the sum. Millennium is now looking for a default judgment against Maricopa in a court suit filed in Atlanta, Georgia.

Millennium still holds all the shares of Attitude Network as security.