|
NMLS' core business is divided into two segments which includes
the development and supply of lottery management systems and the
development and supply of new lottery games. Management systems
provide state authorized lotteries with all the accounting,
distribution, sales and management tools necessary to effectively and
efficiently sell lottery products via Mobile, Internet, and
Interactive TV devices. NMLS' management system is scalable to allow
for multiple users and a full-menu of lottery gaming products -
gaming products which are modular and allow clients to select from a
full compliment of game formats, themes and styles. In addition, the
core management team is composed of experienced lottery industry
professionals who have positioned NMLS as the premier operator of
lottery programs for mid-sized lotteries.
NMLS plans to offer dozens of video lottery games plus
multi-million dollar progressive jackpots in contracted countries
across mobile, Internet, and retail channels with jackpots in excess
of $2 million per week and also plans to partner with charity
lotteries in many markets to gain first-mover advantage. Initial
mobile plans involve the deployment of mobile lottery terminals
powered by Phantom Fiber's Advanced Wireless Platform to capture
immediate lottery revenue using NLMS lottery management systems and
game products. Mobile lottery terminals will be used in retail and
public locations to sell lottery tickets to consumers in a number of
select markets.
A recent Juniper Research report has concluded that mobile
gambling revenues will total $19.3 billion by 2009, exceeding the
forecast of $2 billion for 2005. Furthermore, lotteries will account
for the largest portion of revenues totalling $7.9 billion since
governments are less censorious about lotteries, as noted by Dr.
Windsor Holden from Juniper. He further concludes that the ubiquitous
nature of the lottery culture requires only a small percentage of
players to use mobile handsets in order to generate the revenues
forecasted for this segment of mobile gambling.
Jeff Halloran, President and CEO for Phantom Fiber stated, "We
are excited to be working with NMLS on their aggressive mobile
lottery initiatives. With a top-notch management team already in
place and secured long-term contracts with lottery programs in
several regions across the world, NMLS is perfectly positioned to
take advantage of Phantom Fiber's Advanced Wireless Platform to
extend its lottery game and management systems in retail channels. On
the horizon, NMLS plan to offers multi-million dollar progressive
jackpots through contracted countries which would allow consumers to
use their mobile lottery application on over 1000 mobile devices
already supported by our Advanced Wireless Platform. For consumers,
wireless lottery is a winning ticket".
Randy Brownell, COO for New Media Lottery Services Inc. said, "We
chose Phantom Fiber because their proven advanced wireless platform
was already deployed in live wagering environments with significant
partners in other gambling verticals. Our short-term objectives
always included mobile lottery as a significant part of our business
strategy to secure early-mover advantage in contracted markets and
help leverage new opportunities in other markets. The total
addressable international lottery market of $120 billion is wide-open
for both companies to capitalize on the emerging mobile lottery
segment with core competences that other competitors cannot even
entertain for the foreseeable future."
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 New Media Lottery Services Inc.
New Media Lottery Services (NMLS) supplies lotteries with the
technology and management support needed to thrive in the new realm
of digital lottery product distribution. The NMLS management team has
decades of experience in the lottery business and have launched
numerous lotteries in jurisdictions throughout the world.
NMLS has a suite of game offerings specifically designed for
distribution through various digital media and provides the lottery
management system to manage all digital and traditional lottery
activities.
About Phantom Fiber Corporation
Phantom Fiber Corporation (OTCBB:PHFB - News) 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's Advanced Wireless Platform supports
over 1000 mobile devices worldwide and includes a host of new
features of benefit to gaming operators serving a global audience.
For more information, please visit http://www.phantomfiber.com.
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
|
