Phantom Fiber Corporation, Toronto-based developer of wireless platform software for the gaming industry, has signed an exclusive five-year license agreement with GTS Plc, a leading software solutions provider for the gaming industry for soft gambling and virtual sports titles.
The business terms of the agreement are based on a revenue participation model in which both parties will share in the revenue generated from mobile players, the companies announced. Under this arrangement, GTS Plc will provide its impressive list of clients who are already established on the Internet to offer end users their games and other offerings in a wireless format that, thanks to Phantom Fiber, can be enjoyed globally on more than 1000 different kinds of cell phones and other handheld devices.
Based in the UK, GTS Plc, well respected in the industry for both the development and delivery of soft gambling and sports titles, supplies games to many of the world's most successful online gambling businesses. Their titles are entertaining to games players and extremely profitable to GTS Plc's clients. Overall GTS Plc's wide catalogue of "white label" applications range from games of skill, such as horse racing and boxing, to games of chance, such as card, dice and "Smart", challenge based games.
Jeff Halloran, President and CEO of Phantom Fiber Corporation, states: "We are most excited about working with GTS Plc and believe this is a winning formula all around."
Elaborating on the collaboration, Halloran explains: "Fixed odds games such as scratch cards and lottery tickets, as well as virtual games, such as horse racing and boxing, are extremely popular on the Internet. Capitalizing on this growing trend, GTS Plc's management team is able to deliver unique soft gambling games that are so well done that they enhance play far beyond the competition and keep players loyal. In the hyper-competitive global gambling industry, this gives GTS Plc's clients a valuable edge. Now we can give them an even greater edge: adding in Phantom Fiber's Advanced Wireless Platform.
People play mobile games mainly because they are bored or have time to fill, Halloran adds. "That's why they appreciate having a wide range of entertaining options which can be enjoyed anywhere on their phone or PDA. And GTS Plc can assist their clients by delivering those choices, with a rich and popular portfolio of games they can offer their existing or new customer, whether it is a game of virtual racing, boxing, jackpot Hi- Lo, scratch cards, lottery, dice, "Quick Click," or some other programs that we can make available to them wirelessly."
Steven Matsell Director of Business Development for GTS Plc commented: "The audience for mobile games and gambling is growing rapidly. Add to that the wider acceptance of mobile gaming globally and the momentum seen from the industry itself - which includes device manufacturers, wireless network providers and service providers. All this led us to recognize that the time was right to help our clients expand their existing businesses with a mobile offering. The synergies blended perfectly and it was almost immediately clear that the decision to partner with Phantom Fiber was the right one. Phantom Fiber's Advanced Wireless Platform is so vastly superior to any thing now available, their wireless software solutions so far ahead that we can be confident our clients will benefit continuously from the broadest device support. We foresee a many rewarding opportunities ahead and look forward to working with Phantom Fiber to achieve our mutual mobile objectives."
About GTS Plc
GTS is the leading global supplier of end-to-end soft gaming solutions for delivery to IP enabled devices. GTS is a market leader in the end-to-end delivery of on-line soft gaming solutions. Building on its patented EdGE platform they have built up an innovative technology and creative gaming team delivering online entertainment products for internet, mobile and iTV services. The cross-channel platform is already deployed with many of the world's largest online operators and supports 25 different languages. GTS was recently listed as one of the top 50 companies to watch over the forthcoming year in the dynamic mobile phone scene.
About Phantom Fiber Corporation
Phantom Fiber Corporation (OTC Bulletin Board: PHFB - News) is the leading developer of wireless platform software that enables its customers to deliver high-performance applications to mobile users across global communications networks. Phantom Fiber's wireless platform extends the rich multimedia content and user experience of existing Internet web sites to a wide array of wireless devices, including PDAs and programmable cell phones, securely and instantly. 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.
