Kiron Interactive Signs Five-Year License Agreement With Phantom Fiber.TORONTO -- Phantom Fiber's Advanced Wireless Platform to Power Leading Skills-Based Software Solution to the Gaming Industry Phantom Fiber Corporation (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :PHFB), the leading developer of wireless platform software announced today a five-year exclusive license agreement with Kiron Interactive (Pty) Ltd., a leading software solution provider for the skills-based gaming industry.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. Kiron Interactive (Pty) Ltd is a specialist software development company focused on the development, design and operation of innovative, skills-based interactive games.These games are available across multiple media platforms such as the Internet and mobile phones in addition to interactive TV and gaming kiosks.Kiron Interactive's growing list of clients include Ladbrokes, UK Betting Group, Independent News and Media, Cashcade and Attheraces with the core thrust of development and sales activity focused in the virtual 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 arena with Turfmaster, the flagship product A primary product of a company, which is typically why the company was founded and/or what made it well known. For example, MS-DOS, Windows and the Microsoft Office suite have been flagship products of Microsoft. CorelDRAW is a flagship product of Corel Corporation. that turned virtual horse racing into a household phenomenon within the United Kingdom based on patent-pending technologies. 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 Corporation stated, "With the recent surge in virtual horse racing on the Internet, a mobile extension was the next logical step in the growth of this product offering. Beyond the PC, the entertainment value involved with monitoring races, managing personal stables and many other variables within the horseracing industry makes the move to a mobile environment a logical evolution for Kiron. Phantom Fiber's ability to deliver streaming video A one-way video transmission over a data network. It is widely used on the Web as well as company networks to play video clips and video broadcasts. Computers in home networks stream video to digital media hubs connected to a home theater. content and manage high speed transactions in a graphically rich presentation coupled with Kiron's creative and exciting virtual horse racing product made the decision to partner with them a very simple and obvious one. The management experience and talent at Kiron in delivering the necessary level of complexity in a comprehensive framework will certainly make them a leader in the industry and we are extremely excited to be a part of that." Steven Spartinos, Business Development Director for Kiron Interactive (Pty) Ltd. commented, "With a strong footprint in the UK at the moment and plans to expand into continental Europe Continental Europe, also referred to as mainland Europe or simply the Continent, is the continent of Europe, explicitly excluding European islands and, at times, peninsulas. and North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. in 2006, we decided that our virtual racing games A racing game is any game that involves competing in races through a surrogate playing piece or vehicle, either getting it from one point to another or completing a number of circuits in the shortest time. would be complemented with broader reach and distribution through an advanced wireless platform solution that could serve multiple markets with the myriad of devices available in jurisdictions worldwide.With Phantom Fiber, our virtual racing products will be available to over 1000 mobile devices worldwide allowing punters to create racing profiles, select horses and choose set and instant play horserace Horserace Derby classic annual race at Epsom Downs. [Br. Cult.: Brewer Dictionary, 276] Kentucky Derby classic annual race in Louisville. [Am. Cult. events for truly interactive entertainment which can engage virtually any gamer on the move.We look forward to establishing a deployment roadmap for our client base in 2006 and enable their offering with mobile virtual racing products which are bound to gain traction in the mobile gaming sector with similar results already experienced in the United Kingdom with our Internet-based products." 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 Kiron Interactive (Pty) Ltd. Kiron Interactive (Pty) Ltd is a leading developer and operator of games in the skills based gaming industry. Kiron's games have been successfully operated on the Internet since 2001 and are currently utilized by a variety of high profile gaming and media operators. They offer partners the opportunity to differentiate their product offering and grow their database as well as generate attractive new revenue streams.Kiron's products are available on a managed service and licensed basis for deployment across a variety of delivery platforms including the internet, interactive TV, TV broadcast, kiosks and mobile. About Phantom Fiber Corporation 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 - News) is the leading developer of wireless platform software that enables its 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. Phantom Fiber's 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; securities research and trading; and the management of logistics and distribution. Phantom Fiber's Advanced Wireless Platform supports over 1000 mobile devices worldwide. Source: Phantom Fiber Corporation Phantom Fiber Corporation (OTC Bulletin Board:PHFB) |
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