Phantom Fiber Corporation
OTC Bulletin Board : PHFB

Phantom Fiber Corporation

August 08, 2005 09:00 ET

Phantom Fiber Continues Investor Awareness Campaign at Desjardins Technology Research Series

TORONTO, ONTARIO--(CCNMatthews - Aug. 8, 2005) - Phantom Fiber Corporation (OTCBB:PHFB), the leading developer of wireless platform software has announced that the Company will present a corporate overview of its proprietary technology and highlight recent achievements at the Desjardins Technology Research Series. Desjardins Securities will be hosting the presentation at 12:30pm in their Toronto office at 145 King Street West, 28th Floor on Wednesday, August 10, 2005. Desjardins Securities is highly regarded for their close monitoring and analyst coverage of the gaming sector.

Phantom Fiber's Advanced Wireless Platform is already deployed to most segments of the global gaming industry and currently supports over 1000 mobile devices worldwide with a host of new features of benefit to gaming operators serving a global audience. Phantom Fiber Corporation has helped many leading brands launch their mobile initiatives which include: GoldenPalaceMobile.com, BetCris.com, BetWWTS.com, VIPSports.com, CaribSports.com and many other online gaming and e-commerce providers such as FireOneGroup.ie, CitadelCommerce.com and NavahoNetworks.com.

Jeff Halloran, President and CEO of Phantom Fiber commented: "The Desjardins Technology Research Series follows a successful SCIA Conference. The feedback we received from SCIA was very positive and we look forward to presenting at many more investor conferences. For an overview of Phantom Fiber's Advanced Wireless Platform, click here: http://www.zangani.com/files/clients/phfb/Phantom-Features.pdf."

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.

About Desjardins

Desjardins, an integrated cooperative financial group, has a widespread physical and virtual network and is the most accessible financial institution in Quebec. Desjardins' activities in the rest of Canada include its efforts to promote the cooperative movement through the caisse federations of Ontario, Acadia, Manitoba and Desjardins Credit Union. Its operations extend to the United States as well with the Desjardins Bank in Florida and globally, Desjardins demonstrates a strong commitment to international cooperation and 2.5 million people in approximately twenty countries. www.desjardins.com

About L.G. Zangani, LLC

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.

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