Phantom Fiber Corporation
OTC Bulletin Board : PHFB

Phantom Fiber Corporation

September 26, 2005 09:00 ET

Phantom Fiber Continues With Aggressive Mobile Deployments Across Several Gaming Partners

TORONTO, ONTARIO--(CCNMatthews - Sept. 26, 2005) -

Mobile Demand Heats Up During Busy Betting Season as Gaming Operators and Players Push for Anywhere Access

Phantom Fiber Corporation (OCTBB:PHFB), the leading developer of wireless platform software announced today the launch of several new casino brand properties including expanded mobile device support and new wireless horse racing products for several gaming operators.

The fall wagering season is in full swing across several gaming verticals and after a long summer, many new operators are now anxiously positioning their business strategy to target the mobile gambling market for 2006. During the past few months, Phantom Fiber's development teams were busy planning and executing for a full-scale launch this fall in response to growing demand from operators and gaming technology partners.

Over the next two weeks, Phantom Fiber's newly released wireless horse racing products will be deployed at DGS operators www.BetCris.com, www.2BetDSI.com, www.Tradewinds.co.cr, www.Regency.co.cr, www.GGC.co.cr (Guardian Guaranty), www.ExtremeLines.co.cr and www.Badlands.co.cr. Phantom Fiber has incorporated several new features such as affiliate tracking, single step refer-a-friend by phone, SMS delivery of software, mobile account registration, advanced cashier functionality, and a number of performance enhancing modifications along with the ever growing support of mobile devices now in excess of 1,000+ devices worldwide for the Sports Book and Horse Racing channels.

As a result of significant wireless platform enhancements, several existing casino operators will receive support upgrades including Parlay Group operator www.WinwardCasino.com and RealTime Gaming operator www.VegasMagic.com. New casino brand operators, powered by RealTime Gaming, will soon launch mobile casinos with support totalling over 600+ mobile devices worldwide. They include www.InetBet.com, www.CasinoOnTheGo.com, www.CoolCatCasino.com and www.JV8casino.com. For a complete list of partners, please visit: www.phantomfiber.com/technology_partners.htm and www.phantomfiber.com/ecommerce_partners.htm. For our growing list of mobile clients, please visit: www.phantomfiber.com/clients.htm.

All upgrades and wireless product releases continue to be deployed under the existing multi-year revenue sharing contracts established between Phantom Fiber and the gaming partner or operator.

Jeff Halloran, President and CEO for Phantom Fiber stated, "Our development and marketing team have been tireless in constructing the most user friendly viral experience ever seen on a mobile device. Simplicity was our goal and we exceeded our own expectations. Our newest features have been added to our advanced wireless platform so that all gaming operators will benefit immediately. The response has been overwhelming. We set the bar for ease of use in our previous wireless platform upgrade and we've now raised that bar again. We remain focused in deploying to our backlog of clients who are demanding this latest wireless platform upgrade. And we make special mention for Casino On The Go - the first wireless-ONLY site in the world. I believe this demonstrates the fact that mobile gaming has finally arrived. We are now working closely with each of our partners as they plan their mobile gambling strategy for 2006 and beyond. Mobile gambling is becoming the predominant marketing channel to acquire new customers as demand for mobility increases and new gaming operators are realizing this with each passing day. Backed by our proven advanced wireless platform, we expect to make many more significant announcements in the coming months as gaming operators continue to benefit from our broad reach and support to 1000+ mobile devices worldwide."

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 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. www.zangani.com/disclaimer.

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