Phantom(R) Entertainment Operations Update
Financing for Manufacturing and Marketing of the Phantom(R) Wireless Lapboard
Last Update: 8:09 AM ET Dec 11, 2006
SEATTLE, Dec 11, 2006 /PRNewswire-FirstCall via COMTEX/ -- Phantom Entertainment, Inc., (PHEIPHEI
The Company has closed a financing with John Fife, the managing partner of the Chicago Venture Partners, L.P. to help fund manufacturing and marketing of the Phantom(R) Wireless Lapboard and Phantom(R) Wireless Laser Mouse.
"I am excited about the opportunity to work with Phantom Entertainment and to be a financing resource to help the Company move forward with manufacturing the Phantom Wireless Lapboard," said John Fife, Managing Partner of Chicago Venture Partners. "I intend to consider additional infusions of capital to Phantom Entertainment as the company meets its manufacturing and revenue goals."
The Company is continuing to work closely with its contract manufacturer, Itron Technology Inc., to meet manufacturing production schedules for shipping Phantom Lapboards to Alienware for bundling with its PC Media Center, to distributors and to consumers.
The Company is continuing sales planning for distribution of the Phantom Wireless Lapboard and Phantom Wireless Laser Mouse through Global Marketing Partners' distribution channel with Ingram Micro Inc. (IMIM
The Company is continuing sales planning with Westex Europe NV to serve the E-Commerce, IT peripherals distribution, retail sales channels and (OEM) Original Equipment Manufacturers throughout the European territories.
The Phantom Wireless Lapboard and Phantom Wireless Laser Mouse are featured products in the MTV, DigitalLife and Daily Lounge holiday gift guides at:
http://www.ereleases.com/pr/mtv_video_games.html
http://www.digitallife.com/shopping_guide.html
and
http://www.dailylounge.com.
The Company will display its Phantom(R) Wireless Lapboard and Laser Mouse in the Itron Technology exhibit during 2007 Consumer Electronic Show (CES), Jan. 8-11, in Las Vegas. The show is expected to draw more 150,000 industry professionals, including more than 25,000 international attendees. CES is the world's largest tradeshow for consumer technology.
Greg Koler, Phantom's President and CEO, has accepted an invitation to be a speaker at the 2007 CES Game Power Conference on Sunday, Jan. 7, in Las Vegas. Mr. Koler will speak at a session titled "Game Power II: PC and Mobile Games."
Terrance F. Taylor has been appointed Controller and Treasurer. Mr. Taylor previously served as Controller and Acting Chief Financial Officer of Infinium Labs, Inc., and as Controller of its predecessor, Infinium Labs Operating Corporation. Mr. Taylor previously served as Controller at Wireless One Network, a cellular telephone operator in southwest Florida that was
acquired by AT&T and as Chief Financial Officer of Abaris Care, Inc., which operated 18 assisted living communities.
The Phantom Wireless Lapboard and Phantom Wireless Laser Mouse are a combination keyboard, mouse and hard surface that enable users to work or play games from a couch, easy chair or any comfortable setting.
About Chicago Venture Partners, L.P.
Chicago Venture Partners, L.P. is a private equity investment firm specializing in buyouts, late stage growth equity investments and PIPES (private investments in public entities). Founded in 1998, Chicago Venture manages approximately $60 million and has led private investment transactions in more than a dozen companies across several industries. After the initial investment, CVP has supported all of its companies with diligent board level involvement and several with follow-on infusions of capital. For more information, please visit http://www.chicagoventure.com.
About Phantom Entertainment
Phantom Entertainment is an industry-leading global entertainment and interactive game company. Phantom Entertainment has developed and is marketing the Phantom Lapboard, a combination wireless keyboard, laser mouse and hard surface. The Company is in the development of the Phantom Game Service, anticipated to be the first end-to-end, on-demand game service for delivery to the living room. For more information, please visit http://www.phantom.net.
PR contact
pr@phantom.net
Safe Harbor Statement
The Private Securities Litigation Reform Act of 1995 provides a "Safe harbor" for forward-looking statements. Certain of the statements contained herein, which are not historical facts, are forward-looking statements with respect to events, the occurrence of which involve risks and uncertainties. These forward-looking statements may be impacted, either positively or negatively, by various factors. Information concerning potential factors that could affect the company is detailed from time to time in the company's reports filed with the Securities and Exchange Commission.
This release was issued through eReleases(TM). For more information, visit http://www.ereleases.com.
SOURCE Phantom Entertainment, Inc.
PR contact, pr@phantom.net http://www.phantom.net Copyright (C) 2006 PR Newswire. All rights reserved
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