PORT CHESTER, N.Y., July 10 /PRNewswire-FirstCall/ -- Phantom(R) Entertainment, Inc. (OTC Pink Sheets: PHEI) announced today that it has signed a $1.3 million loan agreement with European Investors LINLEY Management S.A. "This operating loan gives the Company immediate funding to manufacture the Phantom(R) Wireless Lapboard and to launch marketing and sales in the Fourth Quarter of this year," noted Greg Koler, Phantom Entertainment's CEO and President. "This funding will allow the Company to manufacture product lines this year with our partners Alienware and IONE Technologies." "The Company will pursue other applications for the Phantom Lapboard including new digital media centers being developed by companies like Intel and Gateway," Koler said. "We are currently working with distributors, VAR resellers and e-tailers in the U.S, Europe and Asia to initiate marketing, sales and distribution of the Phantom Lapboard." "Phantom Entertainment is an attractive investment for digital media investors in new consumer products and services," explained a spokesperson of European Investors LINLEY Management S.A. "Our funding is based on the Company's success in securing a licensing agreement with Ione Technology Inc. to manufacture and distribute the Phantom Wireless Lapboard and Phantom Wireless Laser Mouse under Ione's brand name throughout Asia and the Company's agreement to manufacture the Phantom Wireless Lapboard for Alienware's Media Centers," the spokesperson of LINLEY Management said. Under terms of the financing, the Company will receive a $1,300,000 operating loan immediately to support manufacturing, marketing, sales and distribution of the Phantom(R) Wireless Lapboard and Phantom(R) Wireless Mouse in the U.S. Europe and Asia. About Phantom Entertainment Phantom Entertainment is a global entertainment and interactive game company. Phantom Entertainment has developed and is marketing the Phantom(R) Wireless Lapboard, a combination wireless keyboard, laser mouse and hard surface that enables users to work or play games from any comfortable setting. For more information, please visit http://www.phantom.net. PR contact: firstname.lastname@example.org Safe Harbor Statement The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain of the statements contained herein, which are not historical facts, are forward-looking statements with respect to events, the occurrence of which involved risks and uncertainties. These forward-looking statements may be impacted, either positively or negatively, by various factors. Information concerning potential factors that could affect the Company is detailed from time to time in the Company's reports filed with the Securities and Exchange Commission.
SOURCE Phantom Entertainment, Inc.