Phantom Fiber Corporation

Phantom Fiber Corporation

January 06, 2005 12:56 ET

Phantom Fiber Corporation Adds M-Commerce Support to Phantom Framework With Navaho Networks Payment Technologies


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: PHANTOM FIBER CORPORATION

OTC Bulletin Board SYMBOL: PHMF

JANUARY 6, 2005 - 12:56 ET

Phantom Fiber Corporation Adds M-Commerce Support to
Phantom Framework With Navaho Networks Payment
Technologies

TORONTO, ONTARIO--(CCNMatthews - Jan. 6, 2005) -

Strategic deal speeds simplified access to credit-card free virtual
wallets from wireless applications

Phantom Fiber Corporation (OTCBB:PHMF), the leading provider of secure
wireless technology and mobile solutions, today announced a strategic
partnership with Navaho Networks Inc., a leading provider of credit-card
free payment processing technologies. Under terms of the partnership,
Phantom Fiber will integrate Navaho Networks' proprietary technology to
the Phantom Framework and thereby speed time to market for M-commerce
enabled wireless solutions across several verticals while Navaho
Networks will introduce Phantom Fiber's leading mobile solutions to its
portfolio of clients and partners.

Navaho Networks' payment technologies such as Phone Billing,
eWalletXpress™ and Navaho Netcard™ provide a safe and convenient,
credit-card free method for accepting payments without fear of credit
card fraud. By integrating these solutions to the Phantom Framework,
enterprise clients can immediately offer m-commerce functionality
through their wireless applications and eliminate the need for customers
to have multiple m-commerce transaction accounts across several
providers. With instantaneous m-commerce functionality and no account
sign-up requirement, customers can quickly fund their accounts without
ever having to worry about lengthy sign-ups, authorizations or account
funding cycles.

Mark Itwaru, CEO for Navaho Networks said, "Wireless is a natural and
necessary extension to our successful internet offering. After careful
consideration of the options available in the wireless industry, it was
easy for us to conclude that Phantom Fiber is the dominant mobile
solutions provider in several verticals thereby paving the way towards a
successful wireless offering.".

Jeff Halloran, President and CEO for Phantom Fiber commented, "We
finally have the ultimate solution which enables our clients to offer
M-commerce functionality to customers who want to access funds quickly
and easily. By eliminating the need for multiple online payment accounts
or the integration of multiple payment processes into the Phantom
Framework, customers now have immediate access to their virtual wallet
in a credit-card free environment The customer can now use their
wireless software and never have to worry about facing the insufficient
funds scenario with slower processing solutions. Navaho's payment
technologies also eliminate our development cycles overnight and speed
time to market for m-commerce enabled wireless applications so that the
virtual wallet is now immediately within the reach of any customer.".

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 and
productivity applications with high performance functionality onto
java-enabled phones, smartphones and PDA phones across many
communication platforms. Phantom Fiber delivers robust and secure,
client / server applications, which are able to generate real revenue
models and measurable returns. With solutions built for e-commerce,
finance, field service, health and gaming entertainment, the technology
extends at anytime from anywhere to the hands of a mobile user. For more
details on the company, technology and products, please visit
www.phantomfiber.com.

This release includes projections of future results and "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"). All
statements that are included in this release, other than statements of
historical fact, are forward-looking statements. Although management
believes that the expectations reflected in these forward-looking
statements are reasonable, it can give no assurance that such
expectations will prove to have been correct. Important factors that
could cause actual results to differ materially from the expectations
are disclosed in this release, including, without limitation, in
conjunction with those forward-looking statements contained in this
release.

About Navaho Networks Inc.

Navaho Networks Inc. is a market leader in internet based payment
solutions. Navaho's services are designed to provide both merchants and
consumers with excellent user experience. Navaho's proprietary
technology enables internet based merchants to increase their client
acquisition rates which result in greater sales. Navaho's solutions also
provide internet shoppers with a variety of safe, easy to use, payment
methods. For more information about Navaho Networks please visit
www.navahonetworks.com.

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.

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