Phantom Fiber Corporation
OTC Bulletin Board : PHFB

Phantom Fiber Corporation
CaribSports.com

September 06, 2005 09:01 ET

Phantom Fiber and CaribSports.com Expand Partnership to Include Wireless Horse Racing

TORONTO, ONTARIO--(CCNMatthews - Sept. 6, 2005) - Phantom Fiber Corporation (OTCBB:PHFB), the leading developer of wireless platform software is pleased to announce that www.CaribSports.com, one of the leading sports wagering and horse racing operators in the gaming industry is scheduled to launch its wireless horse racing product to global customers this week.

CaribSports' wireless horse racing product will support live interactive horse race wagering capabilities to over 1000 mobile phones worldwide, including RIM Blackberry and PDA phones powered by Phantom Fiber's industry-leading Advanced Wireless Platform. Phantom Fiber successfully launched CaribSports' Wireless Sportsbook wagering product prior to the extremely profitable NFL betting season providing CaribSports customers the convenience to stay in the game, anywhere, anytime through their mobile device. CaribSports customers will continue to benefit by using the same username and password for both wireless products and their internet service available at www.CaribSports.com.

Phantom Fiber has already deployed wireless products for several segments of the global gaming industry including Casino, Sportsbook, and Horse Racing in addition to Sports Content. Phantom Fiber also enables wireless products for other gaming verticals such as Poker, Lottery, Peer-to-Peer Wagering, Pari-mutuel and Bingo -- all powered by the world's most advanced wireless platform.

Jeff Halloran, President and CEO for Phantom Fiber commented, "The horse racing industry is a very dynamic environment in which handicappers require accurate and up-to-date information in order to wager effectively and our mobile solution allows operators such as www.Caribsports.com to provide that functionality. Due to the exponential growth in the mobile sector, gaming operators are now demanding the speed, security, and functionality which our advanced wireless platform delivers. We are pleased that many additional sports wagering clients have lined up to provide a wireless horse racing product for their customers. We anticipate deploying to several new clients and incorporating horse racing products into all existing sports wagering clients over the next quarter."

To find about more about CaribSports Wireless Sportsbook Wagering and Horse Racing, please visit: http://wireless.caribsports.com/index.jsp

Phantom Fiber Corporation will also be attending the Global Gaming Expo (G2E), the world's largest gaming event, on September 13-15 to demonstrate the latest products and technologies to industry influencers including the newly developed wireless horse racing product for www.CaribSports.com. For more information about G2E 2005, please visit: www.globalgamingexpo.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 (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. Our wireless platform extends the rich multimedia content and user experience of existing Internet web sites securely and instantly to a wide array of wireless devices including PDAs and programmable cellphones.

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 by physicians; securities research and trading; and, remote monitoring and the management of logistics and distribution. Phantom Fiber's Advanced Wireless Platform supports over 1000 mobile devices worldwide and includes a host of new features of benefit to gaming operators serving a global audience.

L.G. Zangani, LLC provides financial public relations service to the Company. As such L.G. Zangani, LLC and/or its officers, agents and employees, receives remuneration for public relations and or other services in the form of monies, capital stock in the Company, warrants or options to purchase capital in the Company. www.zangani.com/disclaimer

Phantom Fiber Corporation (OTC Bulletin Board: PHFB)

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