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Customers will be able to download the mobile wallet application
to their cellular device and fund their myCitadel account while on
the move. This mobile functionality allows any player to use their
favourite myCitadel-enabled mobile gaming applications without having
to replenish their account through an Internet-connected PC. In
addition, customers will have the option to make purchases using
their cellular device as a convenient payment method. Fees for the
mobile wallet application will be based on usage and a revenue share
arrangement has been established between both companies.
Citadel provides a fully integrated end-to-end electronic
solution for Internet merchants who are seeking to establish a Web
presence primarily in the business-to-consumer (B2C) market. Their
solutions include secure online electronic check processing with
added fraud detection services, reporting, and reconciliation tools.
Citadel provides several payment solutions including Citadel Checks,
a merchant direct electronic check payment solution, Citadel Virtual
Terminal, a call center based payment solution, Citadel International
Payouts, a solution to credit international customers using paper
checks drawn on local banks in local currencies, and myCitadel, a
stored value payment solution supporting multiple deposit and
withdraw methods, including ATM and point-of-sale purchasing.
Michael Meeks, President of Citadel Commerce Corp. said, "The
extension of our products and services to the mobile environment was
based on finding the right partner to enable our products for a
global audience, on the broadest set of devices, with a proven
solution based on the strength of gaming partners and clients. We
determined Phantom Fiber fit this requirement perfectly. myCitadel
customers who already have accounts at their favourite gaming sites
today will soon be able to fund their account through our mobile
wallet application on more than 1000 mobile devices and continue
using their favourite mobile gaming application powered by Phantom
Fiber without having to ever use an Internet-connected PC. Mobile
gaming is the next great technology curve and we're using 2005 to
strengthen our position as the leading payment option for mobile
gaming customers worldwide."
Jeff Halloran, President and CEO for Phantom Fiber commented, "We
are proud that Citadel has chosen Phantom Fiber to enable its
products and services for the mobile payment industry. With a large
existing user-base and one of the most recognized brand names in the
gaming industry, Citadel has momentum on its side and the strength of
its established reputation to deliver a premier mobile wallet
application to its customers worldwide. Mobile gaming customers
expect a seamless mobile gaming experience that improves their
entertainment quality and ability to transact when necessary -
anywhere, anytime. Our end to end solution allows gaming operators
using our advanced wireless platform along with a myCitadel merchant
account to instantly provide their customers with account
replenishment convenience."
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 Citadel Commerce Corp.
The ESI group of companies, including ESI Integrity, Citadel
Commerce, and PlayLine, emerged from years of providing consulting
services risk management, and real time transaction auditing products
to the highly regulated government lottery and pari-mutuel gaming
industries. ESI has provided product based solutions to over 20
international government lotteries, to every horse racing hub in
Canada, to over 65% of the USA regulated pari-mutuel horse racing
industry, and to the bulk of the Internet gaming industry.
About Phantom Fiber Corporation
Phantom Fiber is the leading developer of wireless platform
software that enables our customers to deliver high-performance
applications across global communications networks to mobile users.
Our wireless platform extends the rich multimedia content and user
experience of existing Internet web sites securely and instantly to a
wide array of wireless devices including PDAs and programmable
cellphones.
This platform is already deployed to most segments of the global
gaming industry and can be used by enterprises seeking to implement
high performance mobile applications in such markets as: remote
medical record access by physicians; securities research and trading;
and, remote monitoring and the management of logistics and
distribution. Phantom Fiber recently introduced it's 3rd Generation
Advanced Wireless Platform ("3G Powered" Wireless Platform) which
supports over 1000 mobile devices worldwide and includes a host of
new features of benefit to gaming operators serving a global audience.
Phantom Fiber Corporation (OTC Bulletin Board:PHFB - News)
Phantom Fiber Corporation (OTC Bulletin Board:PHFB - News)
Contact:
L.G. Zangani LLC
Ian Cassel
Investor Relations
(908) 788-9660
office@zangani.com
www.zangani.com
OR
Phantom Fiber Corporation
Alexander S. Bosika
Investor Relations
(416) 703-4007
IR@phantomfiber.com
www.phantomfiber.com
OR
Citadel Commerce Corp.
Michael Meeks
President
(604) 299-6924
mmeeks@citadelcommerce.com
www.citadelcommerce.com
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