Game Console Developer LInfinium Labs Gets $44 Million
Sarasota, Fla. -- Infinium Labs, developer of a PC-based broadband gaming console, announced on Thursday that it landed a $44 million stock purchase agreement, replacing a previously announced placement valued at $15 million. New investor HaDavar HaNachon joined SBI-USA and Infinium Investment Partners, an affiliate of Trilogy Capital Partners, in the increased commitments. Florida-based Infinium, which yesterday was sued by partner DiStream over payments for using that company's technology, said that it expects the new funds to be sufficient to launch its Phantom game console during the 2004 holiday season.
http://biz.yahoo.com/prnews/040422/phth020_1.html
http://biz.yahoo.com/prnews/040422/phth052_1.html
http://www.infiniumlabs.com
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