Message #12 From:
NewsBot Date: November 29, 2005 03:00:00 AM
PHFB News Phantom Fiber Signs Five-Year License Agreement with Orbis, The Leading Interactive Gambling Platform
TORONTO--(BUSINESS WIRE)--Nov. 29, 2005--Phantom Fiber Corporation (OTCBB:PHFB), the leading developer of wireless platform software announced today a five-year license agreement with Orbis Technology, an NDS Company, the provider of the industry leading OpenBet(TM) interactive gambling platform. The business terms of the agreement are based on a revenue share model in which both parties will share in the revenue generated from mobile players.
Jeff Halloran, President and CEO for Phantom Fiber stated, "We are extremely pleased to have partnered with such a reputable and recognized name in the sports wagering sector. We also feel that this is an ideal partnership as both companies share the same deep-rooted philosophy to offer operators and players access to a simple platform using a single account - which provides immense speed-to-market benefits and ease of use. With Phantom Fiber's global reach, players through Orbis technologies will have global access to their application. Phantom Fiber's continued penetration and dominance in all geographic markets aided Orbis' decision in partnering with us. As a result, Orbis clients can now take advantage of the only wireless platform solution which supports over 1000 mobile devices globally."
Orbis Managing Director, David Loveday, commented, "We are happy to be partnering with Phantom Fiber. As a major wireless platform solution provider to leading brands in casino, sportsbook, racebook, poker and lottery, we now have a compelling opportunity to utilize their mobile expertise and mobile device reach to help our clients to target mobile gamblers globally regardless of the mobile device they currently own. With their advanced wireless platform solution, operators and customers never need to worry whether the latest mobile device is supported or not. The opportunity to work with them gives us a wide choice of mobile devices consistent with our philosophy to offer a robust solution under a single account, single platform approach."
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 (OTCBB: PHFB - News) is the leading developer of wireless platform software that enables our customers to deliver high-performance applications across global communications networks to mobile users. Our 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 PDAs and programmable cellphones. 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 by physicians; securities research and trading; and, remote monitoring and the management of logistics and distribution. Phantom Fiber's Advanced Wireless Platform supports over 1000 mobile devices worldwide and includes a host of new features of benefit to gaming operators serving a global audience.
Orbis Technology is a pioneer in the design and development of online gambling systems providing the OpenBet(TM) single account, single solution technology to leading bookmakers and broadcasters worldwide. See http://www.orbisuk.com/ for more information on Orbis.
About NDS
NDS Group plc (NASDAQ/Euronext Brussels: NNDS), a majority owned subsidiary of News Corporation, is a leading supplier of open end-to-end digital pay TV solutions for the secure delivery of entertainment and information to television set-top boxes and IP devices. See www.nds.com for more information about NDS.
