Phantom Entertainment (fka PHEI)

[PowerPlay1]

Dollars longterm people this is HUGE!!!!!April 17, 2007 - 8:30 AM EDT
Phantom Entertainment Signs Major Licensing Deal with Ione Technology To Manufacture Ione Wireless Lapboard and Ione Wireless Laser Mouse
PORT CHESTER, N.Y., April 17 /PRNewswire-FirstCall/ -- Phantom(R) Entertainment, Inc., (OTC Bulletin Board: PHEI) announced today it has entered into a major, multi-product licensing agreement with Ione Technology Inc., a worldwide leading manufacturer and marketer of input devices, to manufacture and distribute the Phantom(R) Wireless Lapboard and Phantom(R) Wireless Laser Mouse under Ione's brand name throughout Asia and through Ione's distributors in the US and Europe in return for royalty and design fees.

The agreement allows Ione Technology to market an Ione wireless lapboard and Ione wireless laser mouse as a combo package and as stand-alone products in markets throughout Asia including:

-- Taiwan
-- China
-- Hong Kong
-- Japan
-- South Korea
-- Thailand
-- Philippines
-- Indonesia
-- Viet Nam
-- Laos
-- Cambodia
-- Burma
-- Malaysia
-- Singapore
-- India
-- Bangladesh
-- Sri Lanka

'This agreement allows Ione to use its financial and manufacturing resources to bring our innovative wireless lapboard and wireless laser mouse to a worldwide audience of consumers,' said Greg Koler, President and CEO of Phantom Entertainment, Inc. 'We are very excited about this new relationship, Ione is a major brand in the Asian markets in sales and has tremendous distribution capabilities.

'Phantom Entertainment will manufacture the Phantom Wireless Lapboard and Phantom Wireless Mouse branded products for retail distribution and sales throughout the United States and Europe,' Koler said.

'We anticipate Ione Technology will begin production and distribution of the Ione wireless lapboard and Ione wireless laser mouse in the third quarter of 2007,' Koler said.

About Ione Technology

Founded in 1984, as a professional designer and manufacturer of computer input devices, Ione Technology Inc. manufactures and distributes products such as keyboards, mice and trackballs devices under its own brand (Ione) and provides OEM/ODM services to world leading designers, manufacturers and retailers. Ione efficiently supplies high quality products around the world from factories located in Dongguan in Mainland China. Ione distributes products in Europe, North America, Japan and Mainland China. The company employs more than 700 people world-wide. For more information, please visit http://www.ione.com.tw.

About Phantom Entertainment

Phantom Entertainment is a global entertainment and interactive game company. Phantom Entertainment has developed and is marketing the Phantom Lapboard, a combination wireless keyboard, laser mouse and hard surface that enables users to work or play games from any comfortable setting. For more information, please visit http://www.phantom.net.

Safe Harbor Statement

The Private Securities Litigation Reform Act of 1995 provides a 'Safe harbor' for forward-looking statements. Certain of the statements contained herein, which are not historical facts, are forward-looking statements with respect to events, the occurrence of which involved risks and uncertainties. These forward-looking statements may be impacted, either positively or negatively, by various factors. Information concerning potential factors that could affect the company is detailed from time to time in the company's reports filed with the Securities and Exchange Commission.

SOURCE Phantom Entertainment, Inc.



Source: PR Newswire (April 17, 2007 - 8:30 AM EDT)

News by QuoteMedia
www.quotemedia.com