Phantom EFX Signs Multi-Year Contract with Phantom Fiber Corporation To Bring EFX Games to the Mobile Market

    Available in 2008, Phantom EFX casino and card games will be
    offered to mobile users for the first time

    CEDAR FALLS, IA, Oct. 4 /CNW/ - 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.

    About Phantom EFX

    Founded in 1998, Cedar Falls, IA-based Phantom EFX, Inc. is a leading
developer and publisher of interactive entertainment titles for PC and Mac.
The privately owned company's flagship product is the popular, award-winning
Reel Deal line of casino parlor games - the best selling casino games on the
market. Featuring top-notch game development, a highly effective in-house
production team and an unparalleled worldwide distribution system, Phantom's
expansion to the mobile platform with its gaming titles is a natural evolution
for the company. For more information about Phantom EFX and its products,
visit the company's website at

    About Phantom Fiber Corporation

    Phantom Fiber Corporation (OTCBB: PHFB) is a leading developer of
wireless platform software that enables its customers to deliver
high-performance applications across global communications networks to mobile
users. Their wireless platform extends the rich multimedia content and user
experience of existing Internet web sites securely and instantly to over 1,600
mobile devices including cellular 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 video surveillance; banking and brokerage applications; as
well as the logistics and distribution markets. For more information about
Phantom Fiber, please visit our web site at

    Forward-Looking Statements:
    In this press release we make "forward-looking statements" within the
meaning of the U.S. Private Securities Litigation Reform Act of 1995.
Forward-looking statements describe future expectations, plans, results or
strategies and can often be identified by the use of terminology such as
"may," "will," "estimate," "intend," "continue," "believe," "expect,"
"anticipate," "could," "potential," "opportunity," or similar terminology.
These statements are based upon management's current expectations, assumptions
and estimates and are not guarantees of future results or performance. Actual
outcomes may differ materially from those projected in these statements due to
a variety of risks and uncertainties and other factors, including, among other
things: competition; material adverse changes in economic and industry
conditions in our markets; technological change; retention and renewal of
existing contracts; availability and adequacy of cash flow to satisfy
obligations and indebtedness or future needs; protection of intellectual
property; security and integrity of software and systems; laws and government
regulation, including those relating to gaming licenses, permits and
operations; seasonality; dependence on suppliers and manufacturers; factors
associated with foreign operations; dependence on key personnel; failure to
perform on contracts; resolution of pending or future litigation; labor
matters; and stock price volatility. Additional information regarding risks
and uncertainties and other factors that could cause actual results to differ
materially from those contemplated in forward-looking statements is included
from time to time in our filings with the SEC, including our most recent
Annual Report on Form 10-K. Forward-looking statements speak only as of the
date they are made, and except for our ongoing obligations under the U.S.
federal securities laws, we undertake no obligation to publicly update any
forward-looking statements whether as a result of new information, future
events or otherwise.

For further information:

For further information: For more information about Phantom EFX,
contact: Jim Thompson, Phantom EFX, (319) 266-1999,;
Lindsey Groepper, Blast Media, (317) 806-1425 x114,;
For more information about Phantom Fiber, please contact: Phantom Fiber
Corporation, Investor Relations, Tel: (416) 703-4007 ext. 700,

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