SEATTLE, Washington, January 11 /PRNewswire/ -- Infinium Labs has officially named Greg Koler as its CEO and President with board approval for its operations mandate. The appointment was approved by the Board of Directors and is effective immediately.

Koler also assumes the position of interim CFO Officer and board officer having recently served as interim CEO and President as well as heading Infinium Labs in Europe. Koler will run Infinium's overall group business operations from the Seattle headquarters. In this new position, he will also continue in his role as the head of Infinium Labs Inc.

According to board director of Infinium Labs Richard Angelloti, "This is a pivotal year for the Phantom Game Service and this new structure enables the company to streamline its operation and provides a more cohesive focus for launching both the game service and our Phantom Lapboard into market in a proactive and strategic manner. I firmly believe that the current management team has laid the foundations for future growth. Our business operations plan has been revitalized and a more efficient production, sales and distribution platform established to activate our launch program in 2006," said Angelloti.

"I am delighted to be officially joining the extremely talented international management team to lead Infinium Labs. The Phantom Game Service has an unparalleled legacy of boldness, innovation and great opportunities for the online video games market sector. Together we look forward to joining our strengths in engineering and technology with a sales and marketing driven presence to deliver the most advanced online video game service and devices for consumers. I am grateful to the board of directors of Infinium Labs and all our staff for the support and confidence they have shown in me. We have clearly demonstrated in our operational plans that we can achieve significant cross-company efficiencies, and, I believe the entire organization is hungry and ready to go in making this same transition. I know all of us in management are committed to achieving that goal in launching the Phantom Game Service to market this 2006," said Koler.

Greg Koler 49, brings over 15 years experience in the broadband gaming content and interactive TV services sector. As founding strategic sales director for TDK(R) Mediactive and TDK Recording Media Europe, a global publisher of high quality entertainment software for current and next generation videogame console systems for Nintendo GB Advance, GB Color, GameCube, Playstation 2, Microsoft(R) X-Box, and PC/Mac, General Manager of the European subsidiary Gemstar TV Guide(R) International, Inc. (NASDAQ: GMST) a leading, global media and technology company that develops, licenses, markets and distributes products and services that enhance television guidance and consumer entertainment, and consultant and advisor for SOFTBANK (R) Broadmedia (SBBM) Europe and Japan, the broadcast and broadband media-related division of the SOFTBANK Corporation Group, Koler was also a founding director of Sony Computer Entertainment Europe.

About Infinium Labs
Infinium Labs (OTCBB:IFLB) is in development of The Phantom Game Service, anticipated to be the first end-to-end, on-demand game service for delivery to the living room. Delivered over broadband, the Phantom Game Service is designed to offer casual and avid gamers a broad library of titles, available anytime, day or night.

For more information, please visit www.phantom.net.

Safe Harbor Statement
Certain statements included in this press release may constitute forward-looking statements. Actual results could differ materially from such statements expressed or implied herein as a result of a variety of factors including, but not limited to: the development of the Infinium Labs technology, ability to secure additional financing, the successful marketing and distribution of the Phantom Game Service, acceptance by the market of Infinium Labs, products and technology, competition and timing of projects and trends in the gaming industry, as well as other factors expressed from time to time in filings Infinium Labs will make with the Securities and Exchange Commission (the "SEC"). As a result, this press release should be read in conjunction with periodic filings Infinium Labs makes with the SEC. The forward looking statements contained herein are made only as of the date of this press release, and Infinium Labs undertakes no obligation to publicly update such forward looking statements to reflect subsequent events or circumstances.