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Infinium Labs, Inc. Acquires Infinium Labs Corporation

8th January 2004, 10:31am
Infinium Labs, Inc. (OTC Bulletin Board: GBBR), formerly Global Business Resources, Inc., announced today that on January 5, 2004 (after the closing of the markets) it completed the acquisition of Infinium Labs Operating Corporation, formerly Infinium Labs Corporation. The transaction was completed by the merger of a wholly owned subsidiary of Infinium Labs, Inc. into Infinium Labs Operating Corporation with Infinium Labs Operating Corporation surviving as a wholly owned subsidiary of Infinium Labs, Inc.

As a result of the acquisition, Infinium Labs acquired the Phantom Game Service. The Phantom Game Service is a next-generation gaming system that supports games on-demand, game rentals, game demos, seamless upgrades and patch management. At launch, the Phantom(TM) is expected to be the fastest, most powerful gaming system on the market and will include a broad selection of pre-loaded games, on-demand games and game rentals.

The Phantom Gaming Service is an always-on broadband device, which will allow gamers a wealth of options, from wireless connectivity to massive multiplayer capabilities, allowing gamers to demo games before purchasing or subscribing. For more information on the Phantom Gaming System, please visit http://www.phantom.net. Infinium Labs, Inc. does not have any material operations other than those acquired in the acquisition

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by Robert Gardner