Infinium Labs Forms Strategic Alliance with Summit Sales & Marketing
SARASOTA, FL, 02/17/2005, Infinium Labs (OTC Bulletin Board: IFLB) today announced a strategic marketing agreement with Summit Sales & Marketing to add Mid-Atlantic and South Eastern regional support to key accounts as well as expand Infinium’s overall retail distribution capabilities for the Phantom Game Service(TM) in North America.
“Summit has a proven record of success in marketing major manufacturers such as Apple Computer, Phillips Consumer Electronics, Kodak, Canon and Samsung Electronics to consumer electronics, communications and computer retailers,” said Kevin Bachus, Infinium Labs’ President and COO. “This adds another dimension of strength to our team to offer the best possible sales support and service to our customers.”
“The Phantom Game Service offers an exciting new business opportunity for retailers to participate in the rapidly growing digital distribution market while earning ongoing subscription and transaction revenue streams,” said Garry Dienes, President of Summit Sales & Marketing. “Our combination of pre-sales, sales and post sales support will allow Summit to achieve sales volume and market penetration for the Phantom Game Service.”
The Phantom Game Service will be the first end-to-end solution of its kind combining broadband receiver hardware and integrated game service that, in addition to offering the greatest breadth of PC game titles, will allow consumers to demo games before purchasing and will stream games for virtually instantaneous start of play, all via broadband from the convenience of the living or family room.
Infinium Labs plans to launch its Phantom Game Service in 2005.
About Summit Sales & Marketing
Summit Sales and Marketing has been successfully serving the Mid-Atlantic and South Eastern market for 30 years. The company is headquartered in Philadelphia, PA, and has offices in Washington, DC, and Baltimore, MD. Summit represents manufactures in the consumer electronics, computer and communications industries. The trade includes retailers, distributors and e-retailers. For more information, please visit www.summitrep.com.
About Infinium Labs
Based in Sarasota, Fla., Infinium Labs (OTC Bulletin Board: IFLB) is in development on The Phantom Game Service, the first end-to-end, on-demand game service. Delivered over broadband, the Phantom Game Service will offer casual and avid gamers a broad library of titles, available anytime, day or night, from the comfort of their living room. Infinium Labs is led by a management team with extensive experience in interactive media, entertainment, broadband services, technology and video games. For more information, please visit www.phantom.net.
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, the successful marketing and distribution of the Phantom Gaming System, 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.
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