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In the interest of updating the record on last Friday's item speculating about the health of Ryan Phillippe's career following an e-mail solicitation ostensibly offering up the actor for the kind of party-hosting gigs that now pay Tara Reid's mortgage, we pass along this clarification from the owner of Esterman Entertainment, the talent booking service advertising Phillippe's availability:

I was told about this posting and I needed to update you that, this was not a public offering but more of a 1 time party that was offered to celebrate and promote his movie release thru my talent buyers data base only.

It has nothing not do with him needing to make extra money but more of a celebration and promotion for the movie out in theatres now thru a friend of his asking for my assistance.

Thank you -
Mike Esterman
Celebrity Agent

So there you have it: Phillippe was looking to do some movie promotion, not trying to get into the hosting game to pick up a little mad money. This news comes as a huge relief, as the thought of the actor dropping the kids off at Reese Witherspoon's house and telling them, "Have fun with Mommy tonight. Daddy has to go to Area for a mobile phone launch party and pretend to have fun pouring vodka shots down Kimberly Stewart's throat all night," is just too upsetting to bear.