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NYLatenite's Gamer's Paradise News Archives
Wednesday, 13 December 2006
DO THEY JUST NOT GET IT? PHANTOM ENTERTAINMENT SECURES MORE FUNDING

Seriously, do people in the financial world do any kind of research before they jump into things? It appears that everyone's favorite vaporware producers, Phantom Entertainment, have found yet another patsy to pick up the tab for doing nothing but flushing cash down the toilet - here's a quote from a Phantom Entertainment press release I noticed the other night over at Yahoo Finance;

"The Company has closed a financing with John Fife, the managing partner of the Chicago Venture Partners, L.P. to help fund manufacturing and marketing of the Phantom® Wireless Lapboard and Phantom® Wireless Laser Mouse.

"I am excited about the opportunity to work with Phantom Entertainment and to be a financing resource to help the Company move forward with manufacturing the Phantom Wireless Lapboard," said John Fife, Managing Partner of Chicago Venture Partners. "I intend to consider additional infusions of capital to Phantom Entertainment as the company meets its manufacturing and revenue goals."

The Company is continuing to work closely with its contract manufacturer, Itron Technology Inc., to meet manufacturing production schedules for shipping Phantom Lapboards to Alienware for bundling with its PC Media Center, to distributors and to consumers.

The Company is continuing sales planning for distribution of the Phantom Wireless Lapboard and Phantom Wireless Laser Mouse through Global Marketing Partners' distribution channel with Ingram Micro Inc. (NYSE: IM - News), the world's largest technology distributor and a leading technology sales, marketing and logistics company." - Phantom Entertainment Press Release

The first thing that comes to my mind when I read the above statement is "How the hell did Alienware get themselves mixed up with these clowns?" I'm really not sure what I find funnier, that Phantom Entertainment isn't apparently even capable of creating a wireless PC keyboard or that they can somehow still find people willing to actually invest money in them. At some point, the check has to come right?... right?... Bueller?

For those of you just starting to play the home version of the Phantom Entertainment / Infinium Labs game, here are some links to our previous coverage of the situation - it's a lot of reading though, so be sure to grab a snack.

All this leads me to wonder ... should Phantom manage to somehow get the Lapboard to retail this spring, wouldn't it be great if they were to let us all in on their business plan by titling their ad campaign something like "Springtime for Phantom"?

Check out the latest press release from Phantom Entertainment here.


Posted by nylatenite at 1:34 AM EST
Updated: Wednesday, 13 December 2006 1:54 AM EST

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