TMZ has learned that Britney Spears and Kevin Federline will come together one more time to tell the public that they never made a sex tape.

Reps from the divorcing couple tell us that both Britney and Kevin want to put an end to rumors that K-Fed is out peddling a sex tape for some quick cash. They have agreed to jointly issue a statement, hoping to put an end to the flurry of stories that such a tape exists.

TMZ is told the statement will come out shortly.
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After getting the boot from Britney Spears, Kevin Federline has become totally broke, and he may reportedly go to any extent to extract as much money as he can.

Kevin is reportedly considering penning a tell-all book about life with 24-year-old Britney, in which he plans to expose a side of her, fans have never before seen.

The aspiring rapper has been with Britney for two years and knows things she probably doesn’t want to go public. The details would probably get huge media play, and Kevin knows it, reports National Enquirer.

He aims to paint a lurid picture of Britney’s visits to gay bars and her physical encounters with other women…discuss her reported use of cocaine and marijuana…her plastic surgery and embarrassing physical problems, reports TMZ.

He criticized the very things Britney was most insecure about – her weight, acne, and hair according to the source.

He also filed for the custody of the couple’s two children to just extort money from Spears.

Thanks to Britney’s air-tight prenup, K-Fed will only get less than 250,000 dollars and around 2.5 million dollars (his share of the Malibu house). So he has threatened that there are things the judge may want to know about her past that could bear on her mothering skills, but he may go away for a price.

A source close to Britney reveals that Kevin lavishly spent her money, which usually triggered fights. He blew about 7,000 dollars a month on shoes, hats, and clothing. And when in Las Vegas, he would lose a minimum of 50,000 dollars at the craps table.

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I posted those pics earlier of Brit and Paris partying it up.  And I just found another pic – and in this pic – she doesn’t have any pants on!?

Here she is sitting in just her fishnets.  Paris is rubbing off on her already.  Now all we need is a nip/slip, and the transformation will be complete.

Thanks to TMZ for the pic!

Here is Britney & Paris partying it up at Tryst Nightclub.

How exciting, I know.