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
"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
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
SOURCE Phantom Entertainment, Inc.