|Woodland Hills, CA, November 29, 2007 – Youbet.com’s (NASDAQ:UBET) United Tote subsidiary has signed a multi-year agreement with Phantom Fiber Corporation (OTCBB: PHFB) to deliver a mobile phone wagering solution that is fully integrated with the totalizator systems used by UT customers. The mobile service, which can be delivered on a wide variety of cellular phones, will let players view race programs, place wagers, manage their accounts and view historical transactions.|
The two companies plan to demonstrate a prototype of the new service at the upcoming Symposium on Racing and Gaming being conducted December 3-8 in Tucson under the auspices of the University of Arizona’s Race Track Industry program. The product is expected to be deployed by the end of the first quarter of 2008.
United Tote will deliver the mobile service alongside its current suite of pari-mutuel wagering products, including its award winning EnterBet™ wagering software. Wagers through the new mobile platform will be merged with host tote systems and subject to jurisdictional oversight. Phantom Fiber’s proprietary mobile platform supports more than 1,500 devices.
'The alliance with Phantom Fiber furthers Youbet’s strategic effort to deliver on-demand pari-mutuel wagering services that rely on modern technology to connect with a whole new generation of customers,” said Jeff True, President of United Tote. “This step makes the wagering interface completely portable. So, it’s a logical extension given the evolution and growing popularity of mobile applications. We’re happy to be teamed with Phantom Fiber because they offer superior solutions across the broadest array of mobile devices.”
Jeff Halloran, Chairman and CEO of Phantom Fiber Corporation said that his company is excited about the opportunity to work with United Tote, a clear leader in technology development for racing. “This alliance will help to validate the mobile framework,” he said. “By taking advantage of Phantom Fiber’s technical edge – including rich, multimedia delivery and end-to-end secure data transactions – we expect to set new standards for mobile delivery in horse racing.”
About United Tote Company
United Tote designs, manufactures, and operates pari-mutuel wagering systems for more than 150 racing companies and numerous OTB facilities in North America and around the world. The company, established in 1959 and acquired by Youbet.com, Inc. in 2006, is recognized as the technology leader in open architecture network hub systems, terminal products and wagering applications. United Tote has hosted the Kentucky Derby for thirteen years supporting large onsite and merged handle increases. United Tote systems and terminals process more than $7 billion annually in global pari-mutuel handle. The company has proven its service and system capability by consistently setting performance records at America’s premier racing events. More information a can be found at www.unitedtote.com.
About Phantom Fiber Corporation
Phantom Fiber Corporation is a leading developer of wireless platform software that enables its customers to deliver high-performance applications across global communications networks to mobile users. Their wireless platform extends the rich multimedia content and user experience of existing Internet web sites securely and instantly to over 1,500 mobile devices including cellular phones and PDA’s. 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 video surveillance; banking and brokerage applications; as well as the logistics and distribution markets. For more information about Phantom FIber, please visit our web site at www.phantomfiber.com.