Phantom Fiber Corporation

Phantom Fiber Corporation

March 01, 2005 16:00 ET

Seven More Clients Jump On Using Phantom Fiber's Advanced Wireless Framework to Create a Gold Rush of New Business


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: PHANTOM FIBER CORPORATION

OTC Bulletin Board SYMBOL: PHMF

MARCH 1, 2005 - 16:00 ET

Seven More Clients Jump On Using Phantom Fiber's
Advanced Wireless Framework to Create a Gold Rush of
New Business

TORONTO, ONTARIO--(CCNMatthews - March 1, 2005) -

Mobile strategy positions Phantom Fiber and partners to capitalize on
unprecedented growth as wireless industry advancements target the mass
consumer

Phantom Fiber Corporation (OTCBB:PHMF), the leading provider of secure
wireless technology and mobile solutions, today announced a flurry of
new deployments across several brand operators as a result of the rapid
execution of its business strategy. Almost one year ago, Phantom Fiber
Corporation launched an aggressive mobile strategy designed to dominate
the wireless gaming market using its Adaptive Application Architecture
(A3) -- a unique development methodology which enables clients to easily
adapt to changing requirements in a fast-moving mobile device
marketplace. As a result, over 600 mobile devices are supported today by
Phantom Fiber's Advanced Wireless Framework.

The unprecedented momentum and growth experienced by Phantom Fiber in
the past year has set the stage for a flurry of new deployments for
wireless applications powered by Phantom Fiber's Advanced Wireless
Framework. Seven new sportsbook operators will launch this week. They
include TradeWinds Sportsbook and Casino (www.tradewinds.co.cr),
Badlands Casino and Sportsbook (www.badlands.co.cr), Guardian Guaranty
Corporation Sportsbook and Casino (www.ggc.co.cr), Extreme Lines
Sportsbook and Casino (www.extremelines.co.cr), Regency Sportsbook and
Casino (www.regency.co.cr), Diamonds Sportsbook International
(www.diamondsportbook.com) and Carib Sportsbook (www.caribsports.com).
Additional wireless deployments are expected in the near future with
several new operators lining up to take advantage of the most robust
architecture currently available to the gaming industry.

Jeff Halloran, President and CEO for Phantom Fiber commented, "To say
we're excited by the pace of development and adoption to our wireless
framework is an understatement. We're ecstatic! The demand for our
product is only exceeded by the features and advancements we are looking
to build into our Framework. We have only just scratched the surface of
our technology plan. While we enjoy the fruits of our success, we remain
steadfast in executing on the rest of our business strategy. We're
preparing for the next logical evolution to our wireless framework which
takes advantage of higher bandwidth networks such as EDGE with a
streamlined over-the-air delivery system designed for faster adoption,
enhanced user convenience and improved functionality during product
upgrades. In addition, our wireless framework will soon capitalize on
emerging opportunities in poker, lottery, bingo, racebook, and sports
content databases enabling operators to deliver functionally rich
wireless gaming product suites to their customers through a single
account. We're perfectly positioned to capitalize on all opportunities
this year and in 2006, we will be in a dominant position in the wireless
gaming market."

As the leading provider of secure wireless technology and mobile
solutions, Phantom Fiber has launched an innovative wireless software
framework that empowers enterprises to efficiently deploy commercial
applications with high performance functionality onto java-enabled
phones, Symbian phones, PalmOS Smartphones, Windows Mobile Smartphones
and PDA phones across several communication platforms. The technology
extends anytime, anywhere to the hands of a mobile user. For more
details on the company, technology and products, please visit
www.phantomfiber.com.

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 is the market leader in wireless technology
and mobile solutions that empowers any application requiring high
performance functionality on today's mobile devices and wireless data
communication networks. Phantom Fiber's success is due to its unique
ability to deliver a rich client experience without compromising on
performance or security. Phantom Fiber extends the enterprise reach
anytime, anywhere, on any device. For more information, please visit
www.phantomfiber.com.

Phantom Fiber Corporation (OTC Bulletin Board: PHMF - News)

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Redwood Consultants LLC
    Jens Dalsgaard
    Managing Director
    (415) 884-0348
    JNSD@aol.com
    or
    Phantom Fiber Corporation
    Alexander S. Bosika
    Director, Marketing and Corporate Branding
    (416) 703-4007
    alexb@phantomfiber.com
    www.phantomfiber.com