SOURCE: Phantom Fiber Corporation

Phantom Fiber Corporation

March 13, 2015 16:07 ET

Phantom Fiber Corporation Acquires AMS Funding, Inc. and InkPrint

NEW YORK, NY--(Marketwired - Mar 13, 2015) - Phantom Fiber Corporation (OTC PINK: PHFB) announces the acquisitions of AMS Funding, Inc. and InkPrint to further provide the convenience of End to End Business Solutions.

"We are delighted to have both AMS Funding and InkPrint join the family of Phantom Fiber Corporation and continue to strategically enhance our offerings while providing a truly robust solution for our customers and those of our subsidiaries. Our vision of providing top-notch business solutions at reasonable prices while capitalizing on customer loyalty will propel Phantom Fiber and our subsidiaries to becoming the GO TO solution for business owners transacting in retail, mobile and internet environments. The Company has entered into an agreement to acquire Pennsylvania-based Advanced Merchant Group, Inc. with closing set in Q2 2015. Phantom Fiber and our subsidiaries will immediately commence sales in NY, NJ, PA as physical locations and nationally via web and telecom," said Kevin Kading, CEO.

AMS Funding Inc. (http://amsfundingdirect.com) is a merchant funding company based in New Jersey which provides capital to businesses nationwide. Founded on the principle that small business is the backbone of the economy, AMSF enables its customers to raise funds for their business. Funding is provided in either the launch cycle of a young business, established businesses looking to expand or during challenging economic conditions. Furthermore, AMSF will immediately open and expand the New Jersey market for Phantom Fiber Corporation's subsidiary, Intelagy. Under the Intelagy brand AMSF will continue to market existing and new services. All business related funding solutions for the Company(s) will be managed in the NJ offices of AMSF.

InkPrint is a boutique printing company currently servicing businesses in the NYC area. InkPrint will expand its offerings to all of Phantom Fiber Corporation's subsidiaries and prospective customers, while servicing and managing all of the Company(s) printing needs.

A technology driven company, Phantom Fiber Corporation owns and operates subsidiaries in transactional payments, alternative lending, web, marketing and technology. Utilizing the most innovative proprietary cloud based disruptive technology platforms, the Company provides full service end to end business solutions for small to mid-sized businesses in retail, e-commerce and mobile environments. Additionally, the company is operating in the social media sectors to further extend its access to data while connecting businesses and consumers.

The Company owns, operates and exclusively joint ventures with Intelagy, XoDoc, jjlist.com, AMS Funding, Inc. and InkPrint, Inc.

For more information visit www.phantomfibercorp.com and www.intelagy.com

This news release includes certain forward-looking statements concerning the future performance of Phantom Fiber Corporation (www.phantomfibercorp.com), Intelagy Corp (www.intelagy.com), jjlist.com (www.jjlist.com), XoDoc (www.xodoc.com), and AMS Funding Inc. (www.amsfundingdirect.com) 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.  Actual results or events could differ materially from the plans, intentions and expectations disclosed in forward-looking statements. The Company does not assume any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. Information in this press release is not an offer to sell securities or the solicitation of an offer to buy securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. Additional information about Phantom Fiber Corporation can be obtained on the Company's website www.phantomfibercorp.com

Contact Information

  • Kevin H. Kading
    President, CEO
    212-385-9200