GoldenPalace.com to Launch Wireless Wagering Using Phantom Fiber's Advanced Wireless Framework

TORONTO, ONTARIO--(CCNMatthews - Feb. 16, 2005) -

The Internet's #1 Casino plans to use aggressive marketing to drive adoption and conversion to mobile gaming.

Phantom Fiber Corporation (OTCBB:PHMF), the leading provider of secure wireless technology and mobile solutions, is pleased to announce that GoldenPalace.com, the Internet's #1 Casino, has signed a five-year license agreement with the Company. Under terms of the agreement, GoldenPalace.com will use Phantom Fiber's advanced wireless framework to deliver wireless wagering to its customers worldwide. GoldenPalace.com selected Phantom Fiber because of its established reputation and dominant position within the gaming sector and because it could deliver broad support across many mobile platforms and devices.

GoldenPalace.com pioneered the online casino industry in 1997 using an entertaining mix of event-based public relations and marketing to capture new customers and establish itself as the leading brand on the Internet. Further extending its brand into the mobile gaming market, GoldenPalace.com plans to continue its aggressive marketing approach which combines the power of media and over-the-top promotions to capture and convert customers to its wireless service.

GoldenPalace Mobile - www.goldenpalacemobile.com -- will offer entertaining casino-style games which also include mobile banking facilities for Java-enabled phones and mobile devices powered by Windows Mobile's PocketPC Phone Edition and Smartphone, PalmOS, SymbianOS and RIM Blackberry - support which literally dominates the global mobile device ecosystem consisting of 400+ models worldwide.

Richard Rowe, CEO of GoldenPalace.com said, "We feel that wireless gaming is imperative in delivering a complete solution for our customers and will further serve to increase our market leadership in the industry. With many more phones, many wireless games, and a huge emphasis from carriers to promote data wireless connectivity, we strongly believe momentum is on our side."

Jeff Halloran, President and CEO for Phantom Fiber commented, "GoldenPalace.com became the Internet's #1 casino because they have always maintained an aggressive and unique edge when it comes to marketing, promotions and event-based public relations. They are the ultimate marketing machine and have proven that customer acquisition and retention only occurs with persistent interaction between customers and media. We're very excited to be working with the Internet's leading online casino brand and are very confident that their passionate style of marketing will spill over to make wireless gaming a serious option for players."

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 GoldenPalace.com

Founded in 1997, Golden Palace Online Casino ("Golden Palace") provides high-quality online gaming, incorporating advanced technology, software, and infrastructure with the highest standards of service in the gaming world today.

Golden Palace prides itself on its gaming platforms, providing entertainment in English, French and Spanish, and offering more than 60 classic casino games and over 30 slot machines. Payment processing is in US dollars, euro and UK pound sterling. From card and table games to progressive jackpots and video poker, Golden Palace is the Number One Internet Casino worldwide.

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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