Citadel Commerce Chooses Phantom Fiber to Extend a Mobile Wallet to Customers Worldwide.TORONTO -- Phantom Fiber Corporation ("The Company") (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :PHFB), the leading developer of wireless platform software, is pleased to announce that Citadel Commerce Corp. ("Citadel"), a leading e-commerce payment solutions provider, has signed a five-year license agreement with the Company. Under the terms of the agreement, Citadel will use Phantom Fiber's advanced wireless platform to extend its myCitadel payment solution to mobile customers with support totaling more than 1000 mobile devices worldwide. myCitadel will be integrated to the company's wireless platform to provide clients with seamless account funding, transaction history and usage reporting. Customers will be able to download the mobile wallet application to their cellular device and fund their myCitadel account while on the move. This mobile functionality allows any player to use their favourite myCitadel-enabled mobile gaming applications without having to replenish their account through an Internet-connected PC. In addition, customers will have the option to make purchases using their cellular device as a convenient payment method. Fees for the mobile wallet application will be based on usage and a revenue share arrangement has been established between both companies. Citadel provides a fully integrated end-to-end electronic solution for Internet merchants who are seeking to establish a Web presence primarily in the business-to-consumer (B2C (Business to Consumer) Refers to a business communicating with or selling to an individual rather than a company. See B2B. ) market. Their solutions include secure online electronic check processing with added fraud detection services, reporting, and reconciliation tools. Citadel provides several payment solutions including Citadel Checks, a merchant direct electronic check payment solution, Citadel Virtual Terminal, a call center based payment solution, Citadel International Payouts, a solution to credit international customers using paper checks drawn on local banks in local currencies, and myCitadel, a stored value payment solution supporting multiple deposit and withdraw methods, including ATM and point-of-sale purchasing. Michael Meeks Michael Meeks is a software developer and was hired as a Ximian developer by Nat Friedman and Miguel de Icaza in mid 2000. He is known for his work on GNOME and OpenOffice.org primarily. He has been a major contributor to the Gnome project for a long time. , President of Citadel Commerce Corp. said, "The extension of our products and services to the mobile environment was based on finding the right partner to enable our products for a global audience, on the broadest set of devices, with a proven solution based on the strength of gaming partners and clients. We determined Phantom Fiber fit this requirement perfectly. myCitadel customers who already have accounts at their favourite gaming sites today will soon be able to fund their account through our mobile wallet application on more than 1000 mobile devices and continue using their favourite mobile gaming application powered by Phantom Fiber without having to ever use an Internet-connected PC. Mobile gaming is the next great technology curve and we're using 2005 to strengthen our position as the leading payment option for mobile gaming customers worldwide." Jeff Halloran, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. for Phantom Fiber commented, "We are proud that Citadel has chosen Phantom Fiber to enable its products and services for the mobile payment industry. With a large existing user-base and one of the most recognized brand names in the gaming industry, Citadel has momentum on its side and the strength of its established reputation to deliver a premier mobile wallet application to its customers worldwide. Mobile gaming customers expect a seamless mobile gaming experience that improves their entertainment quality and ability to transact An earlier e-commerce system for the Web from Open Market that included order capture and secure order fulfillment using credit cards, ecash and other payment systems. It included customer service and subscription administration capabilities as well as an integrated database for reporting when necessary - anywhere, anytime. Our end to end solution allows gaming operators using our advanced wireless platform along with a myCitadel merchant account to instantly provide their customers with account replenishment replenishment the addition of an appropriate quantity of properly prepared solution containing the correct concentration of chemicals to the developer solutions used in radiography. convenience." Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement Some statements in this release are "forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. " 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 In economics, economic output is divided into physical goods and intangible services. Consumption of goods and services is assumed to produce utility (unless the "good" is a "bad"). It is often used when referring to a Goods and Services Tax. , which could significantly affect anticipated future results. Actual results may differ materially from any forward-looking statements. About Citadel Commerce Corp. The ESI (Edge Side Includes) A markup language for Web pages that enables elements of a Web page to be dynamically assembled in servers distributed throughout the Internet. group of companies, including ESI Integrity, Citadel Commerce, and PlayLine, emerged from years of providing consulting services Noun 1. consulting service - service provided by a professional advisor (e.g., a lawyer or doctor or CPA etc.) service - work done by one person or group that benefits another; "budget separately for goods and services" risk management, and real time transaction auditing products to the highly regulated government lottery and pari-mutuel gaming industries. ESI has provided product based solutions to over 20 international government lotteries, to every horse racing horse racing, trials of speed involving two or more horses. It includes races among harnessed horses with one of two particular gaits, among saddled Thoroughbreds (or, less frequently, quarterhorses) on a flat track, or among saddled horses over a turf course with hub in Canada, to over 65% of the USA regulated pari-mutuel horse racing industry, and to the bulk of the Internet gaming industry. About Phantom Fiber Corporation Phantom Fiber is the leading developer of wireless platform software that enables our customers to deliver high-performance applications across global communications networks Global Communications Network or (GCN) is an instant messaging client for Microsoft Windows. The software is provided free of charge but is supported by banner advertisements. In addition to chat services, users are also provided with free e-mail and webspace. 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 (protocol) remote monitoring - (RMON) A network management protocol that allows network information to be gathered at a single computer. Whereas SNMP gathers network data from a single type of Management Information Base (MIB), RMON 1 defines nine additional MIBs that provide a and the management of logistics and distribution. Phantom Fiber recently introduced it's 3rd Generation Advanced Wireless Platform ("3G Powered" Wireless Platform) which supports over 1000 mobile devices worldwide and includes a host of new features of benefit to gaming operators serving a global audience. Phantom Fiber Corporation (OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. :PHFB) Phantom Fiber Corporation (OTC Bulletin Board:PHFB) |
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