Phantom Fiber Signs License Agreement with New Media Lottery Services to Extend Market Reach with Mobile Lottery Applications.TORONTO -- Strategic deal further strengthens Phantom Fiber's wireless platform reach into lottery and enhances New Media Lottery Services' offering with state governments Phantom Fiber Corporation ("the Company") (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :PHFB), the leading developer of wireless platform software, is pleased to announced that it has signed a five-year license agreement with News Media Lottery Services Inc. ("NMLS NMLS National Mortgage Licensing System NMLS National Microwave Landing System "), the leading technology management firm specializing in new media sales applications for the lottery industry. Under terms of the agreement, the Company will enable NMLS' suite of lottery games for use on mobile lottery terminals owned and operated lotteries authorized by state governments. In addition, New Media Lottery Services Inc. is expected to list in the very near future. NMLS' core business is divided into two segments which includes the development and supply of lottery management systems and the development and supply of new lottery games. Management systems provide state authorized lotteries with all the accounting, distribution, sales and management tools necessary to effectively and efficiently sell lottery products via Mobile, Internet, and Interactive TV devices. NMLS' management system is scalable to allow for multiple users and a full-menu of lottery gaming products - gaming products which are modular and allow clients to select from a full compliment of game formats, themes and styles. In addition, the core management team is composed of experienced lottery industry professionals who have positioned NMLS as the premier operator of lottery programs for mid-sized lotteries. NMLS plans to offer dozens of video lottery games plus multi-million dollar progressive jackpots in contracted countries across mobile, Internet, and retail channels with jackpots in excess of $2 million per week and also plans to partner with charity lotteries in many markets to gain first-mover advantage First-mover advantage is the advantage gained by the initial occupant of a market segment. This advantage may stem from the fact that the first entrant can gain control of resources that followers may not be able to match. . Initial mobile plans involve the deployment of mobile lottery terminals powered by Phantom Fiber's Advanced Wireless Platform to capture immediate lottery revenue using NLMS NLMS Normalized Least Mean Square (algorithm) NLMS National Longitudinal Mortality Study NLMS Navy Logistics Management School NLMS NAVSECGRU Logistics Management System NLMS Normalized Least Means Squares lottery management systems and game products. Mobile lottery terminals will be used in retail and public locations to sell lottery tickets to consumers in a number of select markets. A recent Juniper Research report has concluded that mobile gambling Mobile gambling refers to gambling done on a remote wirelessly connected device. These devices can include wireless tablet PC's, mobile phones and other non traditional mid-level networked comuting devices. Some online casinos and online poker cardrooms offer mobile options. revenues will total $19.3 billion by 2009, exceeding the forecast of $2 billion for 2005. Furthermore, lotteries will account for the largest portion of revenues totalling $7.9 billion since governments are less censorious cen·so·ri·ous adj. 1. Tending to censure; highly critical. 2. Expressing censure. [Latin c about lotteries, as noted by Dr. Windsor Holden from Juniper. He further concludes that the ubiquitous nature of the lottery culture requires only a small percentage of players to use mobile handsets in order to generate the revenues forecasted for this segment of mobile gambling. 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 stated, "We are excited to be working with NMLS on their aggressive mobile lottery initiatives. With a top-notch management team already in place and secured long-term contracts with lottery programs in several regions across the world, NMLS is perfectly positioned to take advantage of Phantom Fiber's Advanced Wireless Platform to extend its lottery game and management systems in retail channels. On the horizon, NMLS plan to offers multi-million dollar progressive jackpots through contracted countries which would allow consumers to use their mobile lottery application on over 1000 mobile devices already supported by our Advanced Wireless Platform. For consumers, wireless lottery is a winning ticket". Randy Brownell, COO for New Media Lottery Services Inc. said, "We chose Phantom Fiber because their proven advanced wireless platform was already deployed in live wagering environments with significant partners in other gambling verticals. Our short-term objectives always included mobile lottery as a significant part of our business strategy to secure early-mover advantage in contracted markets and help leverage new opportunities in other markets. The total addressable Reachable. When something is addressable, it can be identified and manipulated independently of its surroundings. For example, screen pixels and RAM memory are addressable. Each of the screen's picture elements can be individually turned on and off, and each of the memory's bytes can be international lottery market of $120 billion is wide-open for both companies to capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. the emerging mobile lottery segment with core competences Core competence Primary area of expertise. Narrowly defined fields or tasks at which a company or business excels. Primary areas of specialty. that other competitors cannot even entertain for the foreseeable future." 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 New Media Lottery Services Inc. New Media Lottery Services (NMLS) supplies lotteries with the technology and management support needed to thrive in the new realm of digital lottery product distribution. The NMLS management team has decades of experience in the lottery business and have launched numerous lotteries in jurisdictions throughout the world. NMLS has a suite of game offerings specifically designed for distribution through various digital media and provides the lottery management system to manage all digital and traditional lottery activities. About Phantom Fiber Corporation Phantom Fiber Corporation (OTCBB:PHFB) 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'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. For more information, please visit http://www.phantomfiber.com. 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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