Phantom EFX, Phantom Fiber sign deal

CEDAR FALLS, Iowa -- (PRESS RELEASE) -- Phantom EFX, the leading developer and publisher of interactive card and casino titles for PC and Mac, today announce a multi-year contract with Phantom Fiber Corporation (PHFB:OTCBB), a leading wireless transaction enablement company specializing in the gaming and entertainment sector. Under the terms of the agreement, Phantom Fiber will port several of Phantom EFX's most popular games to more than 1,000 mobile devices, including cellular phones and PDAs. The downloadable games will have the capacity to connect to a real-time, online gaming community or be played independently in a non-connected mode.

Phantom EFX, a separate entity from Phantom Fiber outside of this contract, has in its proprietary game collection some of the top-selling PC and internet-based card and casino titles available in the market today. The agreement with Phantom Fiber allows players to utilize any of the more than 1,000 mobile devices to enjoy Phantom EFX's popular gaming titles while away from a hard lined PC or laptop. Available the first half of 2008, the initial Phantom EFX mobile games will include classic table games, slot machines and video poker games currently found in the Phantom EFX PC titles.

"We are very eager to utilize the Phantom Fiber mobile platform and could not be more pleased with the vivid graphics, extraordinary speed and technical sophistication that they presented to us," stated Jim Thompson, President of Phantom EFX. "With some of the most superior technologies on the market, we are confident that fans of our PC titles are going to take full advantage the mobile product offering and provide an instant customer base for the mobile games," Thompson added.

Jeff Halloran, Chairman and CEO of Phantom Fiber Corporation, stated, "From our initial meetings with Phantom EFX, we recognized the immediate synergies between our technologies. The quality graphics and world class game offerings of their organization, coupled with the connected and non-connected functionality of our mobile solution, combines to make a very exciting mobile offering. Together we have constructed a mobile strategy to ensure rapid adoption and broad distribution of the products."

The Phantom EFX mobile game rollout is expected in the first half of 2008, where a selection of games will be available for download online. A download purchase price has not yet been determined.