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Infinium Labs Announces Revised Stock Purchase

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Posted by Allison on April 22, 2004 11:31 AM
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Thanks to GameSpot for their article regarding Infinium Labs' announcement of a revised stock purchase agreement, now with commitments of $44 million, replacing the $15 million financing commitments announced in January. It seems Lunabeanie Timothy Roberts has found a few more suckers in HaDavar HaNachon LLC, the company that has joined SBI-USA and Infinium Investment Partners with the increased commitments to back Infinium's upcoming Phantom Gaming Service.

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Tim Roberts says of the new team member, "The participants in our new financing commitments share our vision for a new content delivery service in the high-growth video game industry. Together, they are committing to provide the financial resources that we estimate will be necessary to launch the Phantom Gaming Service this holiday season." Mr. Roberts goes on to say, "We believe Infinium Labs' Phantom Gaming Service will make a major entry in this worldwide market."



I believe Nokia said the same thing about their N-Gage. It's a shame they didn't listen to gamers and, subsequently, failed miserably. I wonder how Infinium Labs will do considering that they, not only, haven't listened to gamers, but have also insulted the intelligence of gamers with just about every move they've made.









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