BUSINESS:
Phantom Fiber Opens Offices in Costa Rica
Phantom Fiber Corporation, based in Toronto, Canada, has expanded its operations with newly established offices in San José and New York City.

Phantom Fiber is widely regarded as the leading developer of wireless platform software in the gaming industry. Its new Costa Rican office is part of a broader corporate strategy to increase sales by advancing marketing efforts and providing operational support for Phantom Fiber's clients and partners in Costa Rica and throughout Latin America.

The Company's New York City office is expected to allow key management to have direct access to the United States media and investment community, as well as help build the Company's corporate profile.

"We have seen unprecedented growth and commitment from key partners with offices located in Costa Rica and throughout the Latin American market," said Jeff Halloran, Company President and Chief Executive Officer.

"Phantom Fiber has continually developed its wireless platform and service offerings to accommodate the fast-growing demand for mobile solutions to gaming operators worldwide. With a large base of clients and partners located in Latin America, specifically Costa Rica, and continued demand for our services, the timing was right to spearhead an expansion strategy designed to better accommodate the needs of our gaming clients who have accelerated their plans for the mobile channel in 2006. The team we have placed in Costa Rica has extensive knowledge of the industry, the client base, and the region. We are confident they will deliver immediate results, and we welcome them to our team."

The Company hired Shane Lourensse, Vice President of Business Development, to head up the new Costa Rican office, and lead the expansion of the Phantom Fiber brand, increase sales and grow the Company's overall presence in the Central and South American markets,