Phantom Fiber Corporation
OTC Bulletin Board : PHFB

Phantom Fiber Corporation

January 16, 2007 16:00 ET

Phantom Fiber Announces Mobile Banking and Brokerage Product

Banking & Brokerage Sector Next Industry Focus

TORONTO, ONTARIO--(CCNMatthews - Jan. 16, 2007) - Phantom Fiber Corporation (OTCBB:PHFB), a leading mobile solutions provider today announced its' Banking and Brokerage mobile platform. Phantom Fiber, recognized as the market leader specializing in the mobile gaming and entertainment sector, is now aggressively turning its attention to the financial sector, as clients demands have warranted.

The Mobile Broker™ product includes integrated features such as: the real-time buying and selling of securities as well as other financial instruments; real-time streaming quotes; various graphing facilities to display market data or personal watch lists; visual stock tracking tools using color based display in a heat map matrix or arrow format; intuitive alerts and messaging support; and full customization facilities to maintain numerous stock or investment portfolios, preferences and watch lists. Headline news, stock symbol look up, and analytical tools to allow clients to do comparisons, trending, or review historical data will also be available.

The Mobile Banking™ product allows for real time cash transfers, bill payments, foreign exchange quotes and currency purchases, account management, intuitive alerts with full customization facilities, such as minimum account balances or over draft notification, all through a user's mobile device, anytime and anywhere. The platform will support over 1,000 different mobile devices types.

This initiative, which captures current client demands for banking and brokerage products, will highlight Phantom Fiber's creative presentation style and innovative technology along with the ability to extend full internet type functionality to over 1,000 mobile device types anywhere in the world. Similar to its gaming business model, Phantom Fiber anticipates generating revenue through initial integration and customization fees. A majority of the revenue will come through transaction fees realized through repeated customer use of its product over multiple years across a large consumer client base.

Jeff Halloran, Chairman and CEO of Phantom Fiber, stated "The original product development team members of Phantom Fiber come from the banking sector, having already been responsible for deployment of an innovative mobile banking solution to one of Canada's largest banks. As we previously announced to our shareholders, Phantom Fiber intends to extend its market reach by expanding its product to other market verticals in 2007 and our in-depth expertise in the banking and brokerage area is the next logical step. The experience we gained from our dominant role in gaming and entertainment coupled with our banking background will allow us to aggressively market to this industry with a compelling application." Jeff Halloran added "We see this as the first announcement in our 2007 market expansion strategy. Phantom Fiber has a number of unique technical differentiators that separates us from other mobile providers and we fully expect to capitalize on those advantages."

About Phantom Fiber Corporation

Phantom Fiber Corporation (OTCBB:PHFB) is the leading developer of wireless platform software that enables our customers to deliver high-performance applications across global communications networks to mobile users. Their wireless platform extends the rich multimedia content and user experience of existing Internet web sites securely and instantly to over 1,000 mobile devices including cellular phones and PDA's. This platform is already deployed to most segments of the global gaming industry and can be used by enterprises seeking to implement high performance mobile applications in such markets as: remote medical record access; banking and brokerage applications; and logistics and distribution environments.

Forward-Looking Statements:

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.

Contact Information