Phantom Fiber Launches Seven Additional Gaming Sites on Its Mobile Platform

Phantom Fiber Corporation (OTCBB: PHFB), the leader in wireless transaction enablement software in the mobile gaming and entertainment sector, has added seven more brands to its wireless platform portfolio, just in time for the new NFL season. The Company just recently launched nine other new gaming sites in time for the 2006 football season.

The new list of clients includes: APlusSportsbook.com (www.APlusSportsbook.com); Bacobet (www.Bacobet.com); BetonFighting (www.BetOnFighting.com); BetsGoneWild (www.BetsGoneWild.com); GalaxySports (www.GalaxySports.com); OptionSports (www.OptionSports.com), and Sport-Bet.net (www.Sport-Bet.net), all powered by the DGS sportsbook and horse racing gaming platform and operated by the Costa Rica International Sports Corporation (BetCRIS). Each one offers a diverse list of clientele and additional revenue avenues for all parties involved.

Jeff Halloran, President and CEO of Phantom Fiber Corporation stated, "The new additions to Phantom Fiber's portfolio substantiate the growing trust and confidence the gaming industry has in our product. We are pleased that more and more operators are selecting Phantom Fiber as their mobile solution for their clients' sports betting needs, as we are a well-known and trusted organization. We have adapted extremely well to changes in the industry; which in turn has helped our clients do the same. We are very excited about how quickly adoption is taking place and how promptly we are capitalizing on the wireless gaming market in North America as well as in the European and Asian markets."

By integrating Phantom Fiber's mobile application, operators enable their players to access their accounts from anywhere in the world, at any time, using their same online username and password. Phantom Fiber shares in the revenue generated from the mobile players.

Ariel Espinoza, Marketing Director for BetCRIS commented "One of our main priorities for the 2006/2007 period is to maintain the lead by allocating a good part of our annual marketing efforts to the upgrade and promotion of mobile betting. This strategy is in response to how important the service has become to our customers and how big we want it to be in the short term. The usage of mobile devices has increased tremendously worldwide and this growth is expected to even surpass the usage of the Internet on desktop computers; that's why we have seized the opportunity to work with Phantom Fiber, strengthening our already solid position as the leader of mobile betting services".

About Phantom Fiber Corporation

Phantom Fiber Corporation (OTCBB: PHFB) is the leading developer of wireless platform software in the gaming and entertainment sector that enables its customers to deliver high-performance applications across global communications networks to mobile users. Their wireless platform extends the rich multimedia content and user experience of existing Internet web sites securely and instantly to over 1,000 mobile devices including cellular phones and PDA's. This platform is already deployed to most segments of the global gaming industry and can also be used by enterprises seeking to implement high performance mobile applications in such markets as: remote medical record access; banking and brokerage applications; and, and logistics and distribution environments.

About BetCris.com

Costa Rica International Sports (CRIS or BetCRIS.com) is a recognized sports betting industry Leader since 1985. BetCRIS Sportsbook provides Safe, Legal, and Secure sports betting on sporting events, as well as horse racing, online casino games, poker, and bingo from any location in the world, 24 hours a day 7 days a week.

Forward-Looking Statements:

Some statements in this release are "forward-looking statements" 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, which could significantly affect anticipated future results. Actual results may differ materially from any forward-looking statements.

Contacts: Phantom Fiber Corporation The Investor Relations Group Jordan Silverstein (212) 825-3210 jsilverstein@investorrelationsgroup.com

Phantom Fiber Corporation Maria Marmolejo Director of Marketing +506 254-8007 mariam@phantomfiber.com

BetCris.com Ariel Espinoza Marketing Director 1 (866) BetCRIS

SOURCE:  Phantom Fiber Corporation