Wednesday, March 02, 2005
Seven More Clients Jump On Using Phantom Fiber's Advanced Wireless Framework to Create a Gold Rush of New Business
TORONTO--(BUSINESS WIRE)--March 1, 2005--
Mobile strategy positions Phantom Fiber and partners to capitalize on unprecedented growth as wireless industry advancements target the mass consumer
Phantom Fiber Corporation (OTCBB:PHMF), the leading provider of secure wireless technology and mobile solutions, today announced a flurry of new deployments across several brand operators as a result of the rapid execution of its business strategy. Almost one year ago, Phantom Fiber Corporation launched an aggressive mobile strategy designed to dominate the wireless gaming market using its Adaptive Application Architecture (A3) -- a unique development methodology which enables clients to easily adapt to changing requirements in a fast-moving mobile device marketplace. As a result, over 600 mobile devices are supported today by Phantom Fiber's Advanced Wireless Framework.
The unprecedented momentum and growth experienced by Phantom Fiber in the past year has set the stage for a flurry of new deployments for wireless applications powered by Phantom Fiber's Advanced Wireless Framework. Seven new sportsbook operators will launch this week. They include TradeWinds Sportsbook and Casino (www.tradewinds.co.cr), Badlands Casino and Sportsbook (www.badlands.co.cr), Guardian Guaranty Corporation Sportsbook and Casino (www.ggc.co.cr), Extreme Lines Sportsbook and Casino (www.extremelines.co.cr), Regency Sportsbook and Casino (www.regency.co.cr), Diamonds Sportsbook International (www.diamondsportbook.com) and Carib Sportsbook (www.caribsports.com). Additional wireless deployments are expected in the near future with several new operators lining up to take advantage of the most robust architecture currently available to the gaming industry.
Jeff Halloran, President and CEO for Phantom Fiber commented, "To say we're excited by the pace of development and adoption to our wireless framework is an understatement. We're ecstatic! The demand for our product is only exceeded by the features and advancements we are looking to build into our Framework. We have only just scratched the surface of our technology plan. While we enjoy the fruits of our success, we remain steadfast in executing on the rest of our business strategy. We're preparing for the next logical evolution to our wireless framework which takes advantage of higher bandwidth networks such as EDGE with a streamlined over-the-air delivery system designed for faster adoption, enhanced user convenience and improved functionality during product upgrades. In addition, our wireless framework will soon capitalize on emerging opportunities in poker, lottery, bingo, racebook, and sports content databases enabling operators to deliver functionally rich wireless gaming product suites to their customers through a single account. We're perfectly positioned to capitalize on all opportunities this year and in 2006, we will be in a dominant position in the wireless gaming market."
As the leading provider of secure wireless technology and mobile solutions, Phantom Fiber has launched an innovative wireless software framework that empowers enterprises to efficiently deploy commercial applications with high performance functionality onto java-enabled phones, Symbian phones, PalmOS Smartphones, Windows Mobile Smartphones and PDA phones across several communication platforms. The technology extends anytime, anywhere to the hands of a mobile user. For more details on the company, technology and products, please visit www.phantomfiber.com.
Safe Harbor Statement
Some statements in this release are "forward-looking statements" as that term is defined in Sections 27A of the Securities Act of 1933 as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934 as amended (the "Exchange Act"), and are subject to certain risks and uncertainties, including, but not limited to, economic conditions, competition, changes in laws and the demand for the company's goods and services, which could significantly affect anticipated future results. Actual results may differ materially from any forward-looking statements.
About Phantom Fiber Corporation
Phantom Fiber Corporation is the market leader in wireless technology and mobile solutions that empowers any application requiring high performance functionality on today's mobile devices and wireless data communication networks. Phantom Fiber's success is due to its unique ability to deliver a rich client experience without compromising on performance or security. Phantom Fiber extends the enterprise reach anytime, anywhere, on any device. For more information, please visit www.phantomfiber.com.
