Archive for June, 2009

Jumping through hoops of fire.

Posted in Message from the CEO on June 29, 2009 by phantomadmin

Those of you that have contributed we thank you.  We have decided that this form of money raising my be deemed wrong in the eyes of the SEC – so we are halting all new contributions.  That being said – those that have contributed will receive a full  refund, please email me your receipt if you have contributed for a full refund to chipin@phantom.net

YES – we want to be cautious and follow every rule of the SEC and show that we can do this ourselves – we love our investors for helping but we need to do this one alone.

Now what?!?! – How about some perspective.

Posted in Message from the CEO on June 26, 2009 by phantomadmin

Since the Infinium days nothing was produced…only the HOPE and PROMISE of a product. Millions of dollars spent on theory and well….who knows what that management did. They were getting paid convalouted amounts of money, and well it was what it was.

Let’s push pin that in at 2002 just for a time frame.

I became the new CEO in July of 2008. With barely any money and a four person staff working on faith alone, the Lapboard will be available in July 2009 ( currently crossing the atlantic )

As far as the SEC issues….We are at a loss – we are just rolling with the punches. There are no more gray areas, no exceptions that existed in 2002 that were exploited by all.  What there is a lot of are new laws that make it impossible for struggling companies that want to turn a new leaf to survive.

But we are fighting, with or without your support. We are doing this FOR YOU the shareholders.  We are not the company of 2002 – We could have easily taken the easy way out and just shut our doors and quit, but we stayed to push through the bias of the media and Shorters out there to prove that we can be a new company to launch our product, and grow from there.

The hard way ALWAYS costs more, and I’m not only talking money…  To our supporters thanks, and to others that feel different thanks also since you hung on this long… we wish you well in a “unknown” economy.

Laying out all the Cards…

Posted in Message from the CEO on June 26, 2009 by phantomadmin

As you likely already know, the U.S. Securities and Exchange Commission announced the temporary suspension of trading in the securities of Phantom Entertainment, Inc. (PHEI), commencing at 9:30 a.m. EDT on June 24, 2009 and terminating at 11:59 p.m. EDT on July 8, 2009: the

According to the U.S. Securities and Exchange Commission:

“The Commission temporarily suspended trading in the securities of the foregoing companies due to a lack of current and accurate information about the companies because they have not filed certain periodic reports with the Commission. This order was entered pursuant to Section 12(k) of the Securities Exchange Act of 1934 (Exchange Act).”

The Company is delinquent with the following SEC filings:

10-QSB Q2 2007
10-QSB Q3 2007
10-KSB Y/E 2007
10-QSB Q1 2008
10-QSB Q2 2008
10-QSB Q3 2008
10-KSB Y/E 2008
10-QSB Q1 2009

In order for the Company to submit these filings to the SEC’s EDGAR system, financial audits must be conducted by a PCAOB certified for both delinquent 10-KSB filings (Y/E 2007 and Y/E 2008).

The PCAOB (Public Company Accounting Oversight Board) is a private-sector, nonprofit corporation, created by the Sarbanes-Oxley Act of 2002, to oversee the auditors of public companies in order to protect the interests of investors and further the public interest in the preparation of informative, fair, and independent audit reports.

Unfortunately, these audits are not cheap.

In addition, the Company would need to obtain the consent from the auditor to file each 10-QSB which is not cheap.

Also, all of these delinquent filings would need to be reviewed and given the OK to file by an Securities attorney.

It is our estimate that it would cost approximately $200,000 in auditor and attorney fees for the Company to become current in our SEC filings and that does not include each Q going forward.

The reason why the Company became delinquent in our filings in the first place was strictly due to lack of money. Understandably, the auditor will not provide their consent for the Company to file the required reports when the Company has an outstanding bill with the auditor as it would jeopardize the auditor’s independence.

Upon further discussions with the U.S. Securities and Exchange Commission, as well as with a well respected Securities attorney, the ball is in the U.S. Securities and Exchange Commission’s court. The Company has been informed that it could voluntarily consent to being removed from pinksheet status but that is not our intention. It is the Company’s desire to retain pinksheet status and will not voluntarily consent to being stripped from pinksheet status as we do not believe that is in the shareholders’s best interest.

With that being said, the U.S. Securities and Exchange Commission has the authority to force the Company to be involuntarily removed from the pinksheets. The Company hopes the U.S. Securities and Exchange Commission does not take this action as the Company does not believe that is in the shareholders’s best interest

Hopefully it does not come to this but it is a real possibility as due to prior fund raising was not done the interest of PHEI which has made it impossible for us to raise more money. Since we believe this is a very real possibility, if the U.S. Securities and Exchange Commission does take this unfortunate action of forcibly removing the Company from the pinksheets we do have a preliminary plan in place to eventually regain our pinksheet status which would be to work with a Securities attorney to file a Registration Statement if and when the Company has the cash to do so. It is our belief that it will cost approximately $150,000 in auditor and attorney fees to file this Registration Statement. The Company will not be able to file this Registration Statement until the Company has the funds available to do so and we can not predict when, if ever, that may be.

With that being said and as you may or may not know, there are currently 500 Lapboards on ship making their way from China to the USA. No matter what action, if any, the U.S. Securities and Exchange Commission takes, it will not derail us from our mission to bring the Lapboard to market, begin generating sales and conduct business in a manner that keeps the shareholders’ best interest priority number 1.

We have no intentions of changing the share structure or shareholder base. The current share structure is as follows:

Outstanding Shares
2,044,830,571 as of June 26, 2009

Authorized Shares
2,400,000,000 as of June 26, 2009

Even if the U.S. Securities and Exchange Commission does take this unfortunate action of forcibly removing the Company from the pinksheets, the Company’s plan is to keep the current share structure intact and regain pinksheet status by generating enough sales to eventually provide the $150,000 to pay the estimated auditor and attorney fees we estimate will be incurred to file the Registration Statement to regain the Company’s pinksheet status.

There it is, the horrid truth – so even with the above I’d like to say this:

I jumped on board this sinking ship with high hopes of plugging it’s holes as quickly as possible and getting back on course. Over the last 8 months the holes were few and far between, and we were starting to sail straight again. As the new Captain I’ve always had my crew’s well being in the forefront of my mind, while trying to make my way to solid land. There is still a lot of crap in the Haul of this ship slowing us down and while I’ve tried to dodge as many obstacles along the journey, we’ve hit a reef just short of shore and it has crippled us pretty bad. I’m asking you not to abandon ship, though it’s probably your first instinct. We are still selling our bounty to the world, and since our exposure many have been asking to purchase our treasure. We are also actively now welcoming daring Angel investors to help repair the damage of the last 7 years. We are sooo close to solid land, yet sooo far with the financial anchor we are now faced with.

If anyone sees that we have been straightforward, and wishes to come aboard – with the knowledge that the ship could sink at any moment, please give me a ring or email me at jlandino@phantom.net

Once again – when our other ship comes in in July we will be selling boards on phantom.net. Thank you.

Blind Sided

Posted in Message from the CEO on June 24, 2009 by phantomadmin

We are investigating what this is all about, came out of nowhere.
Phantom’s Past coming to haunt us I’m guessing. We are working to resolve the issue ASAP.

The Ever Expanding List of Exposure.

Posted in Message from the CEO on June 22, 2009 by phantomadmin

Slash Gear
http://www.slashgear.com/maingear-axess-hd-gamer-core-i7-dual-geforce-9800-gt-and-phantom-lapboard-1847391/

Gaming Shogun
http://www.gamingshogun.com/Article/4556/MAINGEAR_Launches_Axess_HD_Luxury_Gaming_PC.html

Gizmodo
http://gizmodo.com/5295622/maingear-axess-hd-brings-hardcore-gaming-to-htpcs

Tech Whack
http://press-releases.techwhack.com/37817-maingear-gaming-pc

Brain Cell
http://braincell.ro/2009/06/18/maingear-axess-hd-gamer-pc/

Legit Reviews
http://www.legitreviews.com/news/6072/

Digital Trends
http://news.digitaltrends.com/news-article/20229/maingear-axess-hd-gamer-wants-to-frag-your-living-room

TWICE.com
http://www.twice.com/article/CA6666215.html

Sven on Tech
http://svenontech.com/2009/06/18/maingear-unveils-luxury-gaming-pc-for-the-living-room/

Electronista
http://http://www.electronista.com/articles/09/06/18/maingear.axess.hd.gamer.pc/

Crunch Gear
http://www.crunchgear.com/2009/06/18/maingears-luxury-gaming-htpc-comes-with-a-phantom-lapboard/

iTech News
http://www.itechnews.net/2009/06/19/maingear-axess-hd-gamer-multimediagaming-pc/

Softpedia
http://news.softpedia.com/news/Maingear-Axess-HD-Gamer-Is-for-Gaming-and-HTPC-Enthusiasts-114610.shtml

Engadget
http://www.engadget.com/2009/06/19/maingears-axess-hd-gamer-pc-looks-to-blow-your-mind-empty-your/

Tweak Town
http://www.tweaktown.com/pressrelease/1596/maingear_launches_axes_hd_media_gaming_center/index.html

Driver Heaven
http://www.driverheaven.net/news/185533-maingear-unveils-luxury-gaming-pc-living-room.html

Tech Blips
http://www.pclaunches.com/computers/maingear_axess_hd_gamer_luxury_gaming_pc_for_living_room.php

Out of Aces
http://www.outofaces.com/maingear-axess-hd-gamer/

Tech Connect
http://www.tcmagazine.com/comments.php?id=27331&catid=2

Loopy Gadgets
http://www.loopygadgets.com/maingear-announces-axess-hd-gamer-pc/

Geeky Gadgets
http://www.geeky-gadgets.com/maingear-axess-hd-gamer-pc/

Tech Power Up
http://www.techpowerup.com/97177/MAINGEAR_Unveils_Luxury_Gaming_PC_for_the_Living_Room.html

Luxury Launches
http://www.luxurylaunches.com/gadgets/the_maingear_axess_hd_gamer_pc_is_a_treat_for_gamers.php

Gamers Temple
http://www.gamerstemple.com/NewsPlus/NPViewArticle.asp?cmd=view&articleid=5192

Ecoustics
http://www.ecoustics.com/dt/news/20229

Gizmodo(Australia)
http://www.gizmodo.com.au/2009/06/maingear-axess-hd-brings-hardcore-gaming-to-htpcs/

Cyber Theater
http://www.cybertheater.com/axess-hd-gamer/

Slippery Brick
http://www.slipperybrick.com/2009/06/maingear-axess-hd-hardcore-gaming-comes-to-htpcs/

Bjorn 3D
http://www.bjorn3d.com/viewnews.php?id=3422

Sound and Vision.com
http://bitstream.soundandvisionmag.com/blog/2009/06/maingears-htpc-is-a-serious-gaming-machine.html

Born Rich
http://www.bornrich.org/entry/maingear-axess-hd-brings-high-end-gaming-to-the-living-room/

Fudzilla
http://www.fudzilla.com/content/view/14314/1/

Maximum PC.com
http://www.maximumpc.com/article/news/maingear_announces_axess_gaming_htpc

Daily Comm
http://www.dailycomm.ru/m/3946/

Hi Tech Legion
http://www.hitechlegion.com/outside/mpr/843-maingear-unveils-luxury-gaming-pc-for-the-living-room

Consumer Electronics Net
http://www.consumerelectronicsnet.com/articles/viewarticle.jsp?id=779438

Tech News AM
http://technews.am/conversations/engadget/maingears_axess_hd_gamer_pc_looks_to_blow_your_mind_empty_your_wallet

HDTV.biz
http://hdtv.biz-news.com/news/en_US/2009/06/19/0002/maingear-s-axess-hd-gamer-pc-looks-to-blow-your-mind-empty-your-wallet

EngadgetHD
http://www.engadgethd.com/2009/06/19/maingears-axess-hd-gamer-pc-looks-to-blow-your-mind-empty-your/

Hot Hardware
http://hothardware.com/News/Maingear-Puts-Core-i7-In-Axess-HD-Gamer-HTPC/

Test Freaks
http://www.testfreaks.com/blog/press-releases/maingear-unveils-luxury-gaming-pc-for-the-living-room/

PC Arena.pl
http://pcarena.pl/page/87569/Maingear-prezentuje-HTPC-dla-graczy/

Boston.com
http://www.boston.com/business/technology/articles/2009/06/22/always_on_forecasts_for_lovers_of_the_outdoors/

PC World(Hungary)
http://pcworld.hu/jatekra-szant-htpc-a-maingeartol-20090622.html

Ubergizmo
http://www.ubergizmo.com/15/archives/2009/06/maingear_axess_hd_gamer_pc.html

Techzine
http://www.techzine.nl/nieuws/20569/Maingear-lanceert-Axess-HD-Gamer-systeem.html

My Digital Life
http://www.mydigitallife.info/2009/06/20/maingear-pulse-pc-for-games-enthusiastic/

Tech Gadgets.in
http://http://www.techgadgets.in/desktops/2009/20/maingear-unleashes-axess-hd-gamer-pc/

Obsessable
http://www.obsessable.com/desktop/maingear-axess-hd-gamer/

Gadget Blog.it
http://www.gadgetblog.it/post/8378/maingear-axess-hd-gamer-il-computer-per-giocare

BCC Hardware
http://www.bcchardware.com/index.php?option=com_smf&Itemid=61&topic=2391

Dintz
http://www.dintz.com/maingear-axess-hd-gamer-get-your-game-on-in-the-living-room/

Gizmag
http://www.gizmag.com/maingear-axess-hd-gamer/12024/

Pure Overclock
http://www.pureoverclock.com/story.php?id=3774

Gadget Folder
http://www.gadgetfolder.com/maingear-axess-hd-gamer-luxurious-gaming-pc.html

Gizmodo Brasil
http://www.gizmodo.com.br/conteudo/maingear-axess-hd-hardcore-gaming-em-htpcs

Hexus
http://www.hexus.net/content/item.php?item=18959

Jonny Guru
http://www.jonnyguru.com/modules.php?name=NDNews&op=Story&ndns_id=3033

The Phantom Lapboard – riding the Maingear train.

Posted in Message from the CEO on June 19, 2009 by phantomadmin

http://gizmodo.com/5295622/maingear-axess-hd-brings-hardcore-gaming-to-htpcs
http://www.bjorn3d.com/viewnews.php?id=3422
http://www.maximumpc.com/article/news/maingear_announces_axess_gaming_htpc
http://www.geeky-gadgets.com/maingear-axess-hd-gamer-pc/
http://www.slashgear.com/maingear-axess-hd-gamer-core-i7-dual-geforce-9800-gt-and-phantom-lapboard-1847391/
http://www.maingear.com/boutique/pc/configurePrd.asp?idproduct=414
http://www.techgetreviews.com/?p=9464

The Phantom Lapboard adds versatility to Maingear’s Gaming & Media Center powerhouse

Posted in Message from the CEO on June 18, 2009 by phantomadmin

Maingear_-_Axess_HD

MAINGEAR Unveils Luxury Gaming PC for the Living Room

Axess HD Gamer combines high performance gaming and media center capabilities in a low profile design

Union, New Jersey – June 18th, 2009 – MAINGEAR Computers, award-winning builders of high performance custom computers for PC gamers and enthusiasts, is proud to announce the Axess HD Gamer, a luxury gaming PC that brings high end gaming to the living room. Built into a sleek, low profile, aluminum HTPC form factor with an acrylic trim, the Axess HD was designed to integrate seamlessly into any home theater set up with existing A/V components.

The impressive list of hardware for the Axess HD includes a powerful Core i7 processor combined with dual 9800 GT video cards in SLI to deliver a stunningly visual1080p experience. MAINGEAR also teamed up with NVIDIA to integrate GeForce 3D Vision so that gamers with Mitsubishi DLP’s or Samsung desktop LCDs can experience an unparalleled 3D gaming experience. MAINGEAR further enhances the luxurious home theater gaming experience by being the first company to offer the Phantom Lapboard, a unique keyboard that liberates users from desktop settings through an innovative 360-degree rotating design. The Axess HD Gamer also offers cutting edge media center capabilities including 7 channel pre amplified audio, Blu Ray and DVD Movies, Music, Home Videos, HD TV, Internet TV, based on Microsoft® Windows® Vista Home Premium which also provides access to Netflix’s online streaming through the Media Center interface.

”The Axess HD Gamer was conceived to deliver unsurpassed gaming performance fused with advanced media center capabilities all contained within a low profile case, making it the perfect cornerstone for any home theater environment” said Wallace Santos, CEO and Founder of MAINGEAR. “A lot of the media centers currently on the market don’t specifically address the PC Gamer and we want to give our customers a solution to game from the comfort of the living room without sacrificing quality or performance.”

“We’re thrilled that MAINGEAR is providing a Games for Windows solution that complements the wide range of media functionality that Windows Vista Media Center already provides,” said Megan Both, Snr. Director of OEM Sales at Microsoft. “This high performance 3D gaming system combined with the advanced functionality of Windows Media Center make the Axess HD Gamer a phenomenal option for the home theater enthusiast as well as the avid gamer.”

Gamers can purchase the Axess HD Gamer at MAINGEAR’s Web site http://www.maingear.com or order by phone at (888-MAINGEAR). The base price is $1,799. Axess HD Gamer comes with MAINGEAR’s standard 14 month warranty and is backed by the best in-house support team in the country.

MAINGEAR AXESS HD Gamer

OS – Microsoft Windows Vista Premium 32- or 64-bit
CPU – Intel Core i7
Chipset – Intel X58
Graphics – Dual NVIDIA GeForce 9800 GT in SLI with PhysX and 3D Vision
Memory – Up to 12GB of DDR3 Triple Channel Memory
Storage – Two 3.5″ SATA or SSD HDD up to 2TB
Audio – On-board High Definition 8-channel Analog and S/PDIF Digital
Case and Chassis – MAINGEAR Low-profile Axess Chassis

About MAINGEAR

MAINGEAR is the premier high performance systems integrator in North America.  MAINGEAR custom builds gaming, home office, mobile, multimedia, small business and 3D workstation solutions of the highest quality, which have won them many editors’ choice awards in every major computer publication such as C-Net, [H]ard|OCP, Maximum PC, CPU Magazine, etc. For more information on MAINGEAR, please visit www.maingear.com or call, toll-free, (888)624-6432.

Media Contact:
Matt Shumate
Account Supervisor
Max Borges Agency
3550 Biscayne Blvd, Suite 501
Miami, FL 33137
(305) 576-1171 x15
mattshumate@maxborgesagency.com