Phantom Fiber is a developer of wireless software applications and mobile solutions that empower enterprises with high-performance functionality on today's mobile devices and global communication networks. The Company has developed a wireless platform and supporting software developer kit that extends the rich multimedia content and user experience of existing Internet web sites securely and instantly to abroad range of PDA's and mobile phones. While applications based on this platform can be applied to any enterprise requiring a mobile solution we have been most successful with clients that require speed and a rich user experience in their mobile solutions. Potential applications include remote monitoring of facilities, stock research, real time quoting and transacting, logistics and distribution, health care (including real time distribution of secure patient information), gaming and entertainment, and live streaming video.

Phantom Fiber derives revenue through the sale of its proprietary software and custom integration services. The Company's business model generates initial revenue from integration and customization services and recurring revenue from usage-based licensing. The Company combines a low implementation cost with a rapid deployment strategy using reusable software objects to reduce initial purchase barriers. Once deployed, the platform utilizes Phantom Fiber's proprietary Smart Streaming data transmission technique to deliver high-speed client side performance that intuitively adapts to device and network properties. Information is securely encased and delivered with complete end-to-end encryption on a variety of handset operating systems including Java, Palm, SmartPhone, Research In Motion, i-Mode, Symbian and Windows CE platforms.