NEW YORK, Dec. 8, 2014 (GLOBE NEWSWIRE) -- Phantom Fiber Corporation (OTC Mkts:PHFB), (hereinafter, the "Company" or "Phantom Fiber") has filed a private placement memorandum with equitynet.com for $6 million to initiate and pursue its immediate goals. https://www.equitynet.com/c/phantom-fiber-corporation?s=p
In July 2014, Phantom Fiber acquired Intelagy Corp. ("hereinafter, "Intelagy"). Intelagy is in the forefront of developing business solution technology that enables small to midsized business owners to operate more efficiently. Intelagy cutting edge solutions address the needs of business operators in the areas of customer engagement, marketing, printing, telecom, alternative financing, traditional, mobile and ecommerce payment solutions. Phantom Fiber is positioning itself to effectively deliver to businesses in retail, web and mobile-based environments.
In November 2014, Phantom Fiber executed three letters of intent for acquisitions. The target companies are operating businesses in the printing, alternative financing and technology sectors. These potential acquisitions shall further streamline and expand company products and services. Phantom Fiber's management expects to acquire additional operations to complement its underlying business which will broaden its customer base and strengthen its bottom line.
Further, Phantom Fiber has restructured into the financial service and technology sectors. Recently, the Company elected key personnel such as, Frank Cristaudo-CIO, Michael Boguslavskiy-CTO, Philip Kempisty-CFO, Daniel Martin-Marketing Director and Lawrence McQuade-Sr. Business Advisor. "Upon the partial completion of our restructure, as we grow the company we will appoint additional staff to support our growth," stated Kevin Kading, CEO. For more: www.phantomfibercorp.com
This news release includes certain forward-looking statements concerning the company's future performance, operations and financial performance and condition, as well as management's objectives, strategies, and intentions. The Company does not intend, and does not assume any obligation, to update these forward-looking statements. Forward-looking statements are frequently identified by such words as "may", "plan", "expect", "anticipate", "estimate", "intend" and similar words referring to future events and results. These statements represent management's best judgment based on current facts and assumptions that management considers reasonable. The Company makes no representation that reasonable business people in possession of the same information would reach the same conclusions. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of the business, development, competitive risks and the availability of financing. Actual events or results may differ materially from those projected in the forward looking-statements and readers are cautioned against placing undue reliance thereon.