Infinium Labs President, Kevin Bachus, to Speak at CES; Former Xbox Creator To Discuss the ’’History of Gaming’’ at Game Power Event

SARASOTA, FL -- December 30, 2004--Kevin Bachus, president of Infinium Labs (OTCBB:IFLB) and former Microsoft(R) Xbox creator, will be a lead speaker for a panel on the “History of Gaming” at the upcoming 2005 Consumer Electronics Show (CES), the world’s largest annual trade show for consumer technology, Thursday - Sunday, Jan. 6 - 9, 2005 in Las Vegas.

As part of the 2005 CES Game Power Showcase & Forum, the “History of Gaming” session will take place Wednesday, Jan. 5, 2005, from 10:45 a.m. to noon on the Second Floor of the North Hall of the Las Vegas Convention Center. The panel, made up of industry leaders, will review the evolution of the video game industry from the early days of Pong to today’s massive multi-player, online, graphics-intensive and visually advanced games.

Bachus will be joined by other executives recognized for playing prominent roles in the growth of the video game industry from Epic Games, Firaxis Games, NVIDIA(R), Red Storm Entertainment, and Xfire(TM).

Infinium Labs will be demonstrating its flagship Phantom Game Service(TM), the first end-to-end games-on-demand service, in two locations at the Convention Center Thursday - Sunday, Jan. 6 - 9, 2005: in the Microsoft Corp. booth (No. 7145) in the Central Hall and in the NVIDIA booth (No. 35311) in the South Hall.

Nearly two dozen leading game publishers have committed to provide content for the Phantom Game Service, including Atari, Codemasters, Eidos and Vivendi Universal.

About Infinium Labs

Based in Sarasota, Fla., Infinium Labs (OTCBB: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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