SOURCE: Phantom Fiber Corporation

Phantom Fiber Corporation

April 01, 2015 09:00 ET

Phantom Fiber Corp. ( PHFB) Continues to Progress and Execute Based on Its Acquisition Strategy

NEW YORK, NY--(Marketwired - Apr 1, 2015) - Phantom Fiber (OTC PINK: PHFB) continues to execute on its strategies with the goal of becoming a leader within payment processing services and single source business solution provider globally, to small and medium size businesses. The acquisition of Xodoc, InkPrint and AMS Funding, all of which had total revenues of approximately $1,000,000 in 2014, solidify Phantom's core offerings and allow the management team to begin growing as an organic single source suite of services.

During Q2 2015, the Company plans to achieve 30% of its yearly targeted sales force build out and market engagement effort. Phantom Fiber will begin its marketing program in conjunction and support of the newly developed sales force. Management anticipates significant growth as the Company begins to leverage and initiate cross marketing opportunities between the existing clients brought into the fold as a result of recent acquisitions and those brought on by sales efforts.

"With the introduction of new technologies, recently, the payment and lending space have been very active. The successes of Lending Club NYSE: LC and OnDek NYSE. ApplePay, Google Wallet and Facebook have all entered the transactional space. We believe, once properly capitalized, the Company can gain significant market share utilizing our highly skilled management. Additionally, to differentiate. In the coming months we will begin shedding light on our recent negotiations which will enable Phantom Fiber to seamlessly engage consumers and business owners, via online social gaming and disruptive alternative lending, again capitalizing on our abilities to make quick decisions," stated Kevin Kading CEO of Phantom Fiber.

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This statements made in this letter include certain forward-looking statements concerning future performance of Phantom Fiber, Intelagy Corp. and XoDoc's, operations and financial performance and condition, as well as management's objectives, strategies, beliefs and intentions. The Companies do not intend, and do not assume any obligation, to update forward-looking statements which are frequently identified by such words as "may", "plan", "expect", "anticipate", "estimate", "intend" and similar words referring to future events and results. Forward-looking statements represent management's best reasonable judgment based on current facts and assumptions. The Company makes no representation that reasonable business people in possession of the same information would reach the same conclusions. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of competitive risks and the availability of financing. Actual events or results may differ materially from those projected in the forward looking-statements and readers are cautioned against placing undue reliance thereon.

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