Phantom Fiber Corporation
OTC Bulletin Board : PHFB

Phantom Fiber Corporation

May 30, 2006 10:08 ET

Phantom Fiber Partners with The Investor Relations Group of New York

NEW YORK, NEW YORK--(CCNMatthews - May 30, 2006) - Phantom Fiber Corporation (OTCBB:PHFB), a recognized leader of wireless platform software for the gaming and a range of other industries, has contracted with The Investor Relations Group, Inc. (IRG)of New York City to serve as its new corporate communications, investor relations and public relations company.

IRG will strive to increase investor awareness of Phantom Fiber within the U.S. market by introducing the Company and its management to pre-qualified fund managers, as well as build awareness of the Company within the financial and trade media, as well as the public at large.

"This is an exciting time for our Company," said Jeff Halloran, President and CEO of Phantom Fiber. "As the leading developer of wireless platform software enabling our range of customers to deliver high-performance applications to mobile users across global communications networks, we are looking to increase awareness of Phantom Fiber by incorporating a more proactive and all-encompassing outreach program. We chose to partner with The Investor Relations Group because of its impressive track record of cultivating long-term relationships with premier fund managers and media outlets."

Phantom Fiber's wireless platform extends the rich multimedia content and user experience of existing Internet sites to a wide array of wireless devices, including cell phones and PDAs, securely and instantly. This platform is already deployed to most segments of the global gaming industry worldwide, and can be used by enterprises seeking to implement high performance mobile applications in such markets as remote medical record access, securities research and trading, and the management of logistics and distribution. Phantom Fiber's Advanced Wireless Platform supports more than 1,000 mobile devices worldwide.

About The Investor Relations Group

The Investor Relations Group, Inc. (IRG), founded in 1996, represents select publicly traded companies, with a unique specialization for assisting quality under-followed companies. IRG arranges one-on-one meetings for its portfolio companies with pre-qualified money managers, handling investment portfolios that range from $10 million to $10 billion+, selected from its proprietary contact base of more than 50,000 qualified fund managers with an investing history in small-cap stocks. IRG is a full-service corporate communications company that, among other related offerings, produces all client press releases, manages shareholder communications and acts as primary contact for the investing community. IRG also houses a full-service public relations arm that specializes in building awareness of its companies within the financial and trade media, as well as the public at large. For further information, please visit the company's website at www.investorrelationsgroup.com.

About Phantom Fiber Corporation

Phantom Fiber Corporation (OTCBB:PHFB) is the leading developer of wireless platform software that enables its customers to deliver high-performance applications to mobile users across global communications networks. Phantom Fiber's wireless platform extends the rich multimedia content and user experience of existing Internet web sites to a wide array of wireless devices, including PDAs and programmable cell phones, securely and instantly. 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, securities research and trading, and the management of logistics and distribution. Phantom Fiber's Advanced Wireless Platform supports over 1000 mobile devices worldwide.

FORWARD-LOOKING STATEMENTS

The forward-looking statements contained herein are subject to certain risks and uncertainties that could cause actual results to differ materially from those reflected in the forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect management's analysis only as of the date hereof. The company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date thereof. Readers should carefully review the risks described in other documents the company files from time to time with the Securities and Exchange Commission, including Annual Reports, Quarterly Reports and Current Reports on Form 8-K.

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