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Phantom Fiber Corporation Reschedules its 2006 Annual Meeting of Stockholders

Press Release
MAY 11, 2006


TORONTO, ONTARIO--(CCNMatthews - May 11, 2006) - Phantom Fiber Corporation (OTCBB:PHFB) has rescheduled its 2006 Annual Meeting of Stockholders scheduled for Friday, May 19, 2006 at 1 p.m. Eastern Standard Daylight Time at its Head Office in Toronto, Ontario. The Company has rescheduled its Annual Meeting to Friday June 23, 2006 at the same time and location. Phantom Fiber Corporation is located at 144 Front Street West, Suite 580, Toronto, Ontario, M5J 2L7.

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Investor Relations

Jordan Silverstein
The Investor Relations Group
11 Stone St., 3rd fl, New York, NY 10004
T : (212) 825-3210
F : (212) 825-3229 (FAX)
jsilverstein@investorrelationsgroup.com
 
For more information on Phantom Fiber Corporation, please visit our website at http://www.phantomfiber.com

About Phantom Fiber Corporation

Phantom Fiber Corporation (OTCBB:PHFB) is the leading developer of wireless platform software that enables its customers to deliver high-performance applications across global communications networks to mobile users. Phantom Fiber's 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; securities research and trading; and the management of logistics and distribution. Phantom Fiber's Advanced Wireless Platform supports over 1000 mobile devices worldwide. For more information on Phantom Fiber Corporation, please contact the company directly at (416) 703-4007 or by e-mail at info@phantomfiber.com or http://www.phantomfiber.com.


For Investor Relations, please contact:

The Investor Relations Group - Jordan Silverstein
11 Stone St., 3rd fl, New York, NY 10004
(212) 825-3210
(212) 825-3229 (FAX)
jsilverstein@investorrelationsgroup.com
144 Front St. W., Suite 580, Toronto, ON. M5J 2L7 Tel: 416.703.4007, Fax: 416.703.0900

Phantom Fiber Corporation  © 2002 - 2007