Phantom Fiber Corporation
OTC Bulletin Board : PHFB

Phantom Fiber Corporation

November 28, 2006 08:30 ET

Phantom Fiber Appoints Shimon Constante to its Board of Directors

New Director Brings Mobile and Entertainment Industry Expertise to the Company

TORONTO, ONTARIO--(CCNMatthews - Nov. 28, 2006) - Phantom Fiber Corporation (OTCBB:PHFB), a worldwide leader in the development of wireless platform software, has appointed Shimon Constante to its Board of Directors.

Shimon Constante, age 33, has been Chief Executive Officer of mPortico, a private mobile distribution and marketing services provider since he founded the company in December 2005. Prior to that, he was head of Mobile Business Development at 888.com, a global online gaming provider based in Gibraltar. Mr. Constante also gained experience as Head of Technology and Business Research at Aduva, a private technology company that was subsequently acquired by Sun Microsystems. In addition to holding a position on Phantom Fiber's Board, Mr. Constante sits on the Board of Directors at Cidway Security, a private, mobile device technology company based in Switzerland.

"We are excited Shimon has joined the Phantom Fiber team" said Jeff Halloran, CEO of Phantom Fiber. "His addition to the board reflects our commitment to expanding our business worldwide. Shimon brings broad knowledge of different industries to our company, experience that we believe will help Phantom Fiber in our expansion plans."

Mr. Constante said, "I believe Phantom Fiber's wireless transaction enablement software, which is currently used principally in the online gaming industry, has many different applications. I believe the Company has the potential to expand the global markets it serves, to include industries such as security, banking and healthcare, areas in which I hope to be helpful."

About Phantom Fiber Corporation

Phantom Fiber Corporation (OTCBB:PHFB.OB - News) is the leading developer of wireless platform software in the gaming and entertainment sector that enables customers to deliver high-performance applications to mobile users. Their wireless platform extends the rich multimedia content and user experience securely and instantly to over 1,000 mobile device types including mobile phones and PDA's. This platform is already deployed to all segments of the global gaming industry and can also be used by enterprises seeking to implement high performance mobile applications in such markets as: remote medical record access; banking and brokerage applications; and, 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.

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