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did we ever heard of their gaming service when the Lapboard actually came in '08? |
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In January 2006, Infinium Labs reached an agreement to borrow up to $5,000,000 from Golden Gate Investors to finance the manufacturing of the Phantom Lapboard, scheduled for release later that year. This would have been the largest amount of money Infinium Labs had ever borrowed at one time. The loan would have been repaid over three years, with an option of repayment with shares of common stock.<ref>{{cite news | url = http://www.1up.com/do/newsStory?cId=3147455 | title = Infinium Bags $5 Million | first = Patrick | last = Klepek | date = 2006-01-25 | access-date = 2006-07-23 | archive-url = https://web.archive.org/web/20060213162522/http://www.1up.com/do/newsStory?cId=3147455 | archive-date = 2006-02-13 | url-status = dead }}</ref>
In February, ''[[GameSpot]]'' reported that Phantom Entertainment was suspending the Phantom Game Service to develop the Lapboard. An SEC filing showed three-year losses in excess of $62.7 million, over half of which was marketing for the company and unreleased products. Over $24 million was spent on salaries and consultants, and $2.5 million on development. Infinium claimed it still intended to release the Lapboard if its financial situation improved,<ref>{{cite news | url = http://www.gamespot.com/news/6144631.html | title = Infinium opens the books | first = Brendan | last = Sinclair | publisher = GameSpot|date = 2006-02-21 | access-date = 2006-07-23 }}</ref> but it missed release dates for the second quarter of 2006, October 2006 and November 2006. On August 15, 2006 Phantom Entertainment removed all references to the Phantom Game Receiver from its website, claiming that the content-delivery system targeted for the Phantom would be available for PCs running the [[Microsoft Windows XP]] Media Center edition;<ref>{{cite web | title = Phantom console disappears | url = http://www.theinquirer.net/default.aspx?article=33737 | publisher = The Inquirer | date = 2006-08-16}}</ref> it later indicated this service would be available in March 2007, after the initally planned November 2006 release of the Lapboard
==See also==
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* [[ApeXtreme]]
* [[Coleco Chameleon]]
* ''[[Piposh|Piposh Hollywood]]'', a video game that Phantom Entertainment was set to publish.
==References==
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