IGW Software Signs License Agreement Adding Phantom Fiber's Advanced Wireless Framework to Its Comprehensive Suite of Turnkey Solutions

TORONTO, ONTARIO--(CCNMatthews - Jan. 18, 2005) -

Phantom Fiber's Advanced Wireless Framework enhances IGW's unique series of value-added 'bolt-on' products for operators.

Phantom Fiber Corporation (OTCBB:PHMF), the leading provider of secure wireless technology and mobile solutions, is pleased to announce that IGW Software, N.V. a subsidiary of Global Entertainment Holdings/Equities, Inc. (OTCBB:GAMM), has signed a five-year license agreement with the Company. Under the terms of the agreement, IGW Software will offer mobile solutions using Phantom Fiber's advanced wireless framework to its sportsbook, racebook and casino operators worldwide. Phantom Fiber's strong reputation for delivering a robust, leading edge wireless framework that simply 'bolts on' to existing infrastructure fits perfectly within IGW Software's philosophy for delivering seamless and integrated product suites to its licensee base.

IGW's product suite includes a sportsbook, racebook and casino - key products integrated into one back-office environment and augmented by IGW's unique series of value-added bolt-on products. These independent tools work as standalone modules, or work in conjunction with the company's core gaming environments, thus allowing gaming operators greater control to increase hold percentage, and improve their rate of return. IGW's risk management suite, loyalty management engine, management information suite and other add-on modules deliver critical intelligence for gaming operators to make sounder decisions to increase the profitability of their on-line gaming business.

IGW Software's mobile solutions suite enables operators to extend their wagering service beyond the desktop PC or telephone through browser-based phones in addition to mobile devices powered by Windows Mobile's PocketPC Phone Edition and Smartphone, PalmOS, SymbianOS and RIM Blackberry - allowing them to market their wireless service to a global audience with access to mobile devices totalling 600+ models worldwide.

Bryan Abboud, President for IGW Software said, "Phantom Fiber is a real solution that meets our philosophy for delivering value-added products to our customer base. As well, Phantom Fiber's growing support of mobile platforms and devices ensures our clients a vast potential audience. IGW's clients are now firmly positioned to take advantage of the positive trend in mobile wagering."

Jeff Halloran, President and CEO for Phantom Fiber commented, "When we developed our framework, our philosophy was that mobile enablement should not come at the expense of complexity. Like IGW, we believe that any solution that extends functionality should seamlessly bolt-on to existing infrastructure to ensure speed-to-market and maximum return on investment. Many of our existing client relationships have resulted in a 'shock and awe' response with respect to our advanced wireless framework and its seamless integration to existing systems. We're proud to have partnered with another solid technology vendor such as IGW Software and are excited that their mobile solutions suite will enable sportsbook, racebook and casino operators to capture a worldwide audience in a short period of time."

As the leading provider of secure wireless technology and mobile solutions, Phantom Fiber has launched an innovative wireless software framework that empowers enterprises to efficiently deploy commercial and productivity applications with high performance functionality onto java-enabled phones, smartphones and PDA phones across many communication platforms. Phantom Fiber delivers robust and secure, client/server applications, which are able to generate real revenue models and measurable returns. With solutions built for e-commerce, finance, field service, health and entertainment, the technology extends at anytime from anywhere to the hands of a mobile user. For more details on the company, technology and products, please visit www.phantomfiber.com.

Safe Harbor Statement

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.

About IGW Software

Curacao-based IGW Software, N.V., a subsidiary of Global Entertainment Holdings/Equities, Inc., since 1996 has been a leading developer of proprietary software for online gaming operators. IGW has developed innovative applications specifically designed to quickly and securely launch Internet-based casinos, racebooks and sportsbooks. IGW offers comprehensive and agile turnkey solutions to gaming operators which represent easily operated and highly secure solutions in a visually rich, highly functional and safe environment. IGW assists clients in building successful online gaming businesses. IGW does not own or operate any gaming sites. For further information, please visit http://www.igwsoftware.com.

About Phantom Fiber Corporation

Phantom Fiber Corporation is the market leader in wireless technology and mobile solutions that empowers any application requiring high performance functionality on today's mobile devices and wireless data communication networks. Phantom Fiber's success is due to its unique ability to deliver a rich client experience without compromising on performance or security. Phantom Fiber extends the enterprise reach anytime, anywhere, on any device.

For more information, please visit www.phantomfiber.com.

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