A newly formed technology company named Infinium Labs Corporation plans to develop and market a new game console called The Phantom. Designed to compete with Microsoft's Xbox, Sony Playstation 2 and Nintendo's GameCube, the broadband game console will support games on demand and game rentals, and offer seamless upgrades and patch management. Other features include a broad selection of preloaded games; cross platform capabilities; advanced accessories and wireless capabilities; online connectivity; and game demos before purchasing or subscribing. Infinium Labs has engineered its prototypes and expects to unveil the new gaming console in March 2003 with the intention of launching in the U.S. consumer market by the end of the year. Formed in October 2002, Infinium Labs is based in Florida. For more information, visit www.infiniumlabs.com.