Infinium Labs changes name to Phantom Entertainment

Remember Infinium Labs?

Infinium Labs™, Inc. was founded by a management team with extensive experience in interactive media, entertainment and technology. The company is set to launch a cutting edge online gaming service. The Phantom® Game Service will be delivered online over any broadband network and will offer a broad library of games designed to appeal to both the avid gamer as well as the casual player.

If not, Infinum Labs is the company that promised to deliver The Phantom, an on-demand video game service, delivering games via an online subscription. After blowing through an estimated $62.7 million over 3 years from investors without ever launching a single functional product, and with their former CEO under investigation for stock fraud, Infinium Labs, is now changing their name to Phantom Entertainment(ok - that’s just funny!).

Infinium Labs, won 3rd place at the 2004 Wired Vaporware awards, and 1st place at the 2005 Wired Vaporware awards.

Apparently, they have now scrapped all plans for The Phantom as they have decided to double the amount of outstanding shares issued in an effort to raise additional cash, to focus on getting their gaming “lapboard” peripheral to market.