PHFB & Intelagy Looks to Raise 6 Million in Capital
November 21, 2014
New York, November 21, 2014: Today, Phantom Fiber Corporation (OTC Markets:PHFB, hereinafter, the “Company” or “Phantom Fiber”) and its wholly owned subsidiary, Intelagy Corporation (“Intelagy”), an up and coming supplier of end-to-end solutions for the management of small and medium-sized businesses, commenced a financial restructure plan. As per management discussions, the Company intends to begin a round of recapitalization in the amount of $6,000,000 through private financing. The appropriate documents will be available online on or before Friday, November 28, 2014.
The capital which the Company intends to raise will enable Phantom Fiber to enhance its technology, jumpstart its sales and further its negotiations with several intended acquisition targets. The intended acquisitions will enhance the Company’s product and service offerings, while allowing the Company to maintain quality control. All the intended targets are operational entities with moderate revenue streams and will enable the Company cross-marketing opportunities.
As per management discussions, the newly engaged staff, consultants and the commencement of raising capital, will assist and propel the Company's goals on or before schedule. "We further believe that the entrance of conglomerate companies such as Apple's 'Apple Pay' verifies the need for small and mid sized merchants nationally to enhance the traditional and mobile payment solution options while working towards a better defined consumer – merchant engagement tools. The growth opportunity in the space business solution space domestically is promising. The Company also believes that the alternative financing space for businesses will continue to evolve. The addition of new technology will enable the Company to better service, track and monetize its numerous verticals, while providing a discount to its customers. We are very pleased and excited to finally introduce Intelagy and its many resources to the millions of businesses in the United States, " said Kevin Kading, CEO.
For the Company'sprogress and updates, please visit our site and join our mailing list. http://intelagy.com/contact.php
About Phantom Fiber Corporation (OTC Mkts: PHFB)
Phantom Fiber Corporation ("PHFB" or the "Company"), through its wholly owned subsidiary, Intelagy Corporation, is a public company focused on an up and coming supplier of end-to-end solutions for the management of small and medium-sized businesses, announced the hiring of key senior professionals, whose experience and efforts will enable the Company and its subsidiary, to pursue its growth plans. This Press Release may contain certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. PHFB has tried, whenever possible, to identify these forward-looking statements using words such as "anticipates," "believes," "estimates," "expects," "plans," "intends," "potential" and similar expressions. These statements reflect the PHFB’s current beliefs and are based upon information currently available to it. Accordingly, such forward looking statements involve known and unknown risks, uncertainties and other factors which could cause the PHFB's actual results, performance or achievements to differ materially from those expressed in or implied by such statements. PHFB undertakes no obligation to update or advise in the event of any change, addition or alteration to the information catered in this Press Release including such forward-looking statements.