INFINIUM LABS (fka IFLB)

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Infinium Labs Provides Operations Update
Wednesday May 31, 8:34 am ET

SEATTLE, May 31 /PRNewswire-FirstCall/ -- Infinium Labs, Inc. (OTC Bulletin Board: IFLB - News) today provided an operations update.

"We are on a fast pace crossing over the threshold of manufacturing and marketing our first product, the Phantom Lapboard," noted Greg Koler, Infinium Labs' President and CEO. "Everything is on schedule for first arrivals of the Phantom Lapboard this October in the US market."

The Company is moving forward with Itron Technology Inc., a worldwide leading manufacturer and marketer of input devices such as keyboards and mice, to manufacture the Phantom® Lapboard, a combination keyboard/mouse peripheral designed to enhance video game play on PCs. The Company will evaluate prototypes in June and July and plans to proceed with manufacturing production in September to meet its October shipping date.

The Company is nearing agreements with worldwide companies to handle the logistics, warehousing/distribution, customer relations management and fulfillment services to support the marketing of the Phantom Lapboard in the US and European markets.

The Company is planning major revisions to the design and content of its website to incorporate direct marketing capabilities including an online merchant store to support business to consumer and business to business transactions with credit card banking services. The Company is reviewing marketing agency proposals to support interactive online marketing programs and expects to make agency selections in June.

The Company is moving forward in development of the Phantom Game Service, anticipated to be the first end-to-end, on-demand game service for delivery to the living room. The Company is engaged in discussions to license the Phantom Game Service technology to well-established manufacturers of PCs and digital home entertainment centers.

About Infinium Labs

Infinium Labs (OTC Bulletin Board: IFLB - News) is the designer and manufacturer of the Phantom Lapboard. The Company is in development of the Phantom Game Service. Delivered over broadband, the Phantom Game Service is designed to offer casual and avid gamers a broad library of titles, available anytime, day or night. For more information, please visit http://www.phantom.net.

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Safe Harbor Statement

Certain statements included in this press release may constitute forward- looking statements. Actual results could differ materially from such statements expressed or implied herein as a result of a variety of factors including, but not limited to: the development of the Infinium Labs technology, ability to secure additional financing, the successful marketing and distribution of the Phantom Game Service, acceptance by the market of Infinium Labs, products and technology, competition and timing of projects and trends in the gaming industry, as well as other factors expressed from time to time in filings Infinium Labs will make with the Securities and Exchange Commission (the "SEC"). As a result, this press release should be read in conjunction with periodic filings Infinium Labs makes with the SEC. The forward-looking statements contained herein are made only as of the date of this press release, and Infinium Labs undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.

This release was issued through eReleases(TM). For more information, visit http://www.ereleases.com.


Source: Infinium Labs, Inc.