Phantom Entertainment, Inc.
OTC Bulletin Board : PHEI

November 16, 2006 09:30 ET

Phantom Entertainment, Inc. PHEI SqueezeTrigger Price Is $0.086. Approximately 196.8 Million Shares Shorted Since January 2005 According to Buyins.net Research Report

SEATTLE, WA--(CCNMatthews - November 16, 2006) - Phantom® Entertainment, Inc., (OTCBB: PHEI) announced today that BUYINS.NET, www.buyins.net, is reiterating coverage of Phantom Entertainment, Inc. (OTCBB: PHEI) after releasing the latest short sale data to November 2006. From January 2005 to November 2006, approximately 2.6 billion total aggregate shares of PHEI have traded for a total dollar value of nearly $219.4 million. The total aggregate number of shares shorted in this time period is approximately 196.8 million shares. The Total Short Interest reported on October 10th, 2006 is 28,954. The PHEI SqueezeTrigger price of $0.086 is the volume weighted average short price of all short selling in PHEI. The first of several short squeezes is expected to begin when shares of PHEI close above $0.005, where approximately 17 million shares of PHEI have been shorted. To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://www.buyins.net.



Month Total Vol. Short Vol. Avg. Price Short $ Value

January '05 98,589,760 7,591,412 $0.881 $6,690,311
February 53,424,064 4,113,653 $0.413 $1,696,882
March 30,475,040 2,346,578 $0.341 $800,887
April 41,007,272 3,157,560 $0.207 $652,036
May 46,319,192 3,566,578 $0.152 $543,190
June 65,672,296 5,056,767 $0.115 $583,045
July 44,218,168 3,404,799 $0.095 $323,115
August 82,349,600 6,340,919 $0.074 $471,764
September 35,324,700 2,720,002 $0.050 $135,728
October 113,862,992 8,767,450 $0.031 $273,544
November 96,426,256 7,424,822 $0.015 $112,857
December 105,201,928 8,100,548 $0.017 $136,089
January '06 143,335,072 11,036,801 $0.019 $210,803
February 286,032,832 22,024,528 $0.132 $2,916,048
March 164,791,248 12,688,926 $0.026 $324,837
April 132,410,760 10,195,629 $0.021 $209,010
May 115,663,400 8,906,082 $0.016 $140,716
June 133,521,448 10,281,151 $0.018 $189,173
July 51,323,336 3,951,897 $0.015 $57,303
August 96,496,368 7,430,220 $0.014 $100,308
September 63,850,664 4,916,501 $0.011 $51,623
October 328,747,904 25,313,589 $0.007 $187,321
November 226,764,832 17,460,892 $0.005 $85,558

Total: 2,555,809,132 196,797,303 $0.086 $16,892,149

-short volume is approximated using a proprietary algorithm.
--average short price is calculated using a volume weighted average short
price.
---short volume is the total short trade volume and does not account for
covers.






PHEI On OTCBB Naked Short Threshold List

On List Off List # Days

January 21, 2005 September 06, 2005 158
December 14, 2005 December 29, 2005 5
January 23, 2006 January 31, 2006 7
March 27, 2006 April 11, 2006 12
June 9, 2006 June 26, 2006 12
October 19, 2006 November 13, 2006 18


Phantom Entertainment, Inc. has been on the OTCBB Naked Short Threshold list 6 times. Brokerage firms have been out of compliance with Regulation SHO twice. Regulation SHO took effect January 3, 2005, and provides a new regulatory framework governing short selling of securities. It was designed with the objective of simplifying and modernizing short sale regulation and providing controls where they are most needed. At the conclusion of each settlement day, data is provided on securities in which: 1) there are at least 10,000 shares in aggregate failed deliveries for the security for five consecutive settlement days, and 2) these failures constitute at least 0.5% of the issuer's total shares outstanding. SEC Regulation SHO, under the Securities Exchange Act of 1934, mandates that, if a clearing agent has had a fail-to-deliver position for 13 consecutive settlement days, that clearing agent, and the broker/dealer it clears for, must purchase securities to close out its fail to deliver position.

About Phantom Entertainment

Phantom Entertainment is an industry-leading global entertainment and interactive game company. Phantom Entertainment has developed and is marketing the Phantom Lapboard, a combination wireless keyboard, laser mouse and hard surface. The Company is in the development of the Phantom Game Service, anticipated to be the first end-to-end, on-demand game service for delivery to the living room. For more information, please visit http://www.phantom.net.

About BUYINS.NET

WWW.BUYINS.NET is a service designed to help bonafide shareholders of publicly traded US companies fight naked short selling. Naked short selling is the illegal act of short selling a stock when no affirmative determination has been made to locate shares of the stock to hypothecate in connection with the short sale. Buyins.net has built a proprietary database that uses Threshold list feeds from NASDAQ, AMEX and NYSE to generate detailed and useful information to combat the naked short selling problem. For the first time, actual trade-by-trade data is available to the public that shows the attempted size, actual size, price and average value of short sales in stocks that have been shorted and naked shorted. This information is valuable in determining the precise point at which short sellers go out-of-the-money and start losing on their short and naked short trades.

All material herein was prepared by BUYINS.NET, based upon information believed to be reliable. The information contained herein is not guaranteed by BUYINS.NET to be accurate, and should not be considered to be all-inclusive. The companies that are discussed in this opinion have not approved the statements made in this opinion. Phantom Entertainment, Inc. has issued a combined total of 752,000 shares of IFLB and PHEI common stock for information provided in this and other reports. The data service can be cancelled at any time. This opinion contains forward-looking statements that involve risks and uncertainties. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. BUYINS.NET is not a licensed broker, broker dealer, market maker, investment banker, investment advisor, analyst or underwriter. Please consult a broker before purchasing or selling any securities viewed on or mentioned herein. BUYINS.NET will not advise as to when it decides to sell and does not and will not offer any opinion as to when others should sell; each investor must make that decision based on his or her judgment of the market.

Please seek investment and/or trading advice, council, information or services from a securities professional. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and BUYINS.NET undertakes no obligation to update such statements.

This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a companies' annual report on Form 10-K or 10-KSB and other filings made by such company with the SEC.


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