Phantom Fiber Corporation (OTCBB: PHFB) widely regarded as the gaming industry's leading developer of wireless platform software in partnership with Excapsa, the developer, marketer and licenser of online gaming software applications, today announces the launch of a global mobile gaming solution.
This new distribution method for the poker product integrates a shared eWallet with Excapsa's other games and is available across global communications networks to mobile users on over 1,000 wireless devices including mobile phones and PDA's.
Excapsa licensee brand UltimateBet is the first to enjoy the benefits of the branded mobile solution enabling their customers to experience the new technology while integrating directly into the Excapsa gaming network. Incorporating a branded mobile solution into their marketing strategies allows Excapsa's licensees to tap further into the estimated $11.9 billion global gaming market and to aid in reaching targeted European markets for expansion. This will become a key differentiator among online gaming competitors as mobile gaming becomes more widely used.
Excapsa's wholly owned licensing subsidiary, Game Theory Limited, has signed a 5-year partnership deal with Phantom Fiber to launch this mobile platform. The Phantom Fiber technology allows Excapsa to integrate its gaming network with global mobile communication networks securely and instantly using over 1000 different mobile phones.
Commenting on this partnership, Jim Ryan, Chief Executive Officer of Excapsa said:
"The potential for mobile solutions in the online gaming market is still evolving as the user base becomes more experienced and connectivity for this sophisticated software becomes increasingly viable. As one of the first online gaming software developers to provide a mobile solution for their poker product, we are able to continually enhance our software to take full advantage of this distribution method as the market grows. This also allows us to provide licensees within our network with a new avenue in which to leverage their customer relationships. Our partnership with Phantom Fiber, a leader in this sector, will serve to ensure we continue to be at the forefront of this opportunity."
Jeff Halloran, President and CEO of Phantom Fiber said;
"As one of the first live global poker offering, what more can I say about the impact of this news. Our five-year license agreement with Excapsa Software not only demonstrates our mutual commitment to a successful partnership, but it absolutely validates our continued commitment to maintaining our dominant position as the leading mobile platform provider to the gaming and entertainment sector. With leading licensee brands such as UltimateBet.com, Excapsa has established a solid reputation for developing advanced multi-player software to support a profitable poker network which will gain enormous benefits from Phantom Fiber's advanced wireless platform with support to hundreds of mobile devices worldwide.
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 across global communications networks to mobile users. Phantom Fiber's wireless platform extends the rich multimedia content and user experience of existing Internet web sites securely and instantly to a wide array of wireless devices including mobile phones and PDA's. 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.
About Excapsa Software, Inc.
Excapsa (AIM: XCP) is a leading online gaming software developer which develops, maintains and markets multi-player, real time, Internet enables gaming software and manages the Excapsa Gaming Network. Through their wholly-owned subsidiary, Game Theory Limited, the network licensee brands include UltimateBet.com, UltimatePoker.com, CardPlayerPoker.com, UpperClassPoker.com, MagicPalacePoker.com, GreentiePoker.com, DV8Poker.com, Bet21.com and NationalLampoonPoker.com.
Contacts:ExcapsaMelissa GaddisDirector, Investor Relations+1 (416) 640-1556 ext 5116
Buchanan CommunicationsCharles Ryland/Suzanne Brocks/Amy Rajendran0207 466 5000
Phantom FiberJordan SilversteinInvestor Relations+1 (212) 825-3210
SOURCE: Phantom Fiber Corporation
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