Phantom Fiber, Excapsa Launch Mobile Poker

TORONTO, Ontario – (PRESS RELEASE) -- 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.