Phantom Entertainment (fka PHEI)

[krays]

PHEI NEWS!!

TAMPA, Fla., Dec 15, 2008 /PRNewswire-FirstCall via COMTEX/ -- Phantom
Entertainment today launched its highly anticipated online game store, located
at gamestore.phantom.net. The game store features an impressive catalog of over
2,600 PC games including top sellers like Fallout 3 and Far Cry 2. The store
allows for outright purchasing of video games or try before you buy, and
features level 4 merchant abilities. It uses a highly advanced content licensing
management system to track all games purchased, so once a game is paid for and
downloaded, the user owns the license forever and can return to re-download the
game in the future without incurring additional cost.

(Photo: http://www.newscom.com/cgi-bin/prnh/20081215/NEM037 )

This is all made possible by a strategic partnership with GameStreamer, Inc. and
their Enterprise Class Gaming Network built on top of Savvis Communications Tier
1 backbone and data centers. GameStreamer is diligently working on implementing
technology to enhance its offering and providing unparalleled service to its
users. Some of the enhancements will include a streaming system, subscription
support, rentals, timed trials and complete automations with its content and
distribution partners.

Phantom Entertainment is also announcing today that they have secured financing
and have placed an order with its contract manufacturer to mass manufacture the
Phantom Lapboard. The units will be arriving in January and be available for
purchase on the Phantom.net website. Phantom Entertainment has been working
diligently to address the needs and concerns of large big box retailers and OEM
manufacturers to deliver upon their expectations of building an order history.
The Lapboard is positioned to be the selection of choice for the evolving market
for digital media centers, set-top boxes and devices in the living room or
automobiles. Phantom Entertainment's mission is to deliver our lapboards with
the highest quality and customer satisfaction.

Phantom Entertainment shipped its first small order of lapboards last quarter
and has made many improvements. The company "upgraded" the laser mouse and
internal component hardware and is ready for retail and OEM distribution. The
company has opened up a warehouse, logistics and distribution facility in St.
Louis, Missouri and has worked out a system to ensure units are on hand to
facilitate the demand.

The Phantom(R) Lapboard is a combination wireless keyboard, laser mouse and hard
surface that makes it easy for you to work or play games from your couch, easy
chair or any comfortable setting in your home or workplace. The Lapboard
includes wireless technology, ergonomic design, one-touch features, and a
wireless laser mouse. Its innovative design features a keyboard that rotates
360-degrees to accommodate left or right-handed users and inclines on a
22-degree angle with a hard surface below for the Phantom Laser Mouse. The
Lapboard's interchangeable key-face technology is designed for game-specific and
business software applications for PC or Apple Mac platforms.

As a special promotion to promote the launch of the Phantom game store and
availability of the Phantom Lapboard, Phantom Entertainment will be offering the
first 100 game store registered users a premium game title for free. Also,
anyone who orders the Phantom Lapboard during the month of January will receive
a credit to purchase a free casual game title.

About Phantom Entertainment, Inc.

Phantom Entertainment (Other OTC: PHEI.PK) is an industry-leading, global
entertainment and interactive game company. Phantom Entertainment has developed
and is marketing its first product the Phantom Lapboard, a combination wireless
keyboard, laser mouse and hard surface that makes it easy for you to work or
play games from your couch, easy chair or any other comfortable setting in your
home or workplace. www.phantom.net

About GameStreamer, Inc.

GameStreamer is a business-to-business (B2B) service provider with its HQ
located in Tampa Florida. GameStreamer allies with strategic partners all over
the world to help them take part in the digital distribution revolution by
offering video games and other media to their customers delivered with our
technology, infrastructure and catalog of games by download and with our
proprietary streaming technology. To learn more about GameStreamer's technology
and Game Streaming Distribution Platform, visit their website at
www.gamestreamer.net .





CONTACT:

John Landino

Phantom Entertainment, Inc.

1-866-452-9883

[e-mail]