Phantom Fiber Corporation
OTC Bulletin Board : PHFB

Phantom Fiber Corporation

November 01, 2006 08:30 ET

Phantom Fiber Reports Increase in Mobile Usage Through September

TORONTO, ONTARIO--(CCNMatthews - Nov. 1, 2006) - Phantom Fiber Corporation (OTCBB:PHFB), a worldwide leader in the development of wireless platform software, shows significant growth in the mobile wagering segment of its business through the end of September.

Since August, Phantom Fiber has successfully launched 24 additional Sportbook client sites live on its mobile platform with several more planned to go live by the end of this year. The launch of these sites has coincided with the 2006-2007-football season and has also produced data that shows average compounded daily growth in total users of over 3% since the beginning of the season. Overall, there was a 231% increase in the number of new users from July to August, and a 355% increase from August to September.

Phantom Fiber's platform is not only attracting new users but is also bringing previous users back at a consistent rate. In addition to the success of its existing platform, Phantom Fiber has recently added a new poker product to its offering. The new product has already contributed 18% in revenue to the product mix since its launch in July.

"There is tremendous growth opportunity in the mobile gaming segment of our business that we are just beginning to tap into," commented Jeff Halloran, Chairman and CEO of Phantom Fiber. "The opening of our offices in Costa Rica has resulted in an increased effort in sales and marketing, and has also allowed us to work more closely with each client to produce positive results. We believe our growth demonstrates the success of these efforts and we will be relentless in maintaining these trends by continuing to adapt our product to meet our customer's needs."

About Phantom Fiber Corporation

Phantom Fiber Corporation (OTCBB:PHFB) is the leading developer of wireless platform software in the gaming and entertainment sector that enables customers to deliver high-performance applications to mobile users. Their wireless platform extends the rich multimedia content and user experience securely and instantly to over 1,000 mobile device types including mobile phones and PDA's. This platform is already deployed to all segments of the global gaming industry and can also be used by enterprises seeking to implement high performance mobile applications in such markets as: remote medical record access; banking and brokerage applications; and, and logistics and distribution environments.

Forward-Looking Statements:

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.

Contact Information