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Tuesday, May 31, 2005

Dow Jones MarketWatch Features Report on Phantom Game Service(TM)

Dow Jones MarketWatch Features Report on Phantom Game Service(TM)

SARASOTA, Fla., May 31 /PRNewswire-FirstCall/ -- Infinium Labs (BULLETIN BOARD: IFLB) today announced that its president and chief operating officer, Kevin Bachus, is featured in a video interview on the Web site of Dow Jones MarketWatch. In a report by MarketWatch's Scott Banerjee entitled "Video Games On Demand," Mr. Bachus discusses the company's plans to launch the Phantom Game Service(TM) in North America.

The interview is available for viewing as a video stream at http://www.ereleases.com/pr/2005-infinium-mw.html.

During the interview, Mr. Bachus discusses:

-- Why the Phantom Game Service appeals to avid gamers and expands the
audience for video games by offering the convenience of on-demand
service; and
-- The Company's milestones along its path to launching the Phantom Game
Service.

Mr. Bachus is slated to appear on a segment of the Dow Jones MarketWatch Weekend TV show on an upcoming date in June (check your local listings). The segment is expected to show Mr. Bachus demonstrating the Phantom Game Service and Phantom Game Receiver.

About MarketWatch, Inc.

MarketWatch, Inc. is wholly owned subsidiary of Dow Jones & Company, Inc. and is a leading provider of business news, financial information and analytical tools. The Company operates two award-winning Web sites, MarketWatch.com and BigCharts.com, as well as the stock market simulation site, VirtualStockExchange.com. The Company produces the syndicated MarketWatch Weekend television program and provides radio updates every 30 minutes on the MarketWatch.com Radio Network. MarketWatch also offers subscription products for individual investors, including the Hulbert Financial Digest suite of products, Retirement Weekly and ETF Trader. The Company's MarketWatch Licensing Services group is a leading licensor of market news, data, investment analysis tools and other online applications to financial services firms, media companies, wireless carriers and Internet service providers.

About Infinium Labs

Based in Sarasota, Fla., Infinium Labs (BULLETIN BOARD: IFLB) is in development of The Phantom Game Service, the first end-to-end, on-demand game service. Delivered over broadband, the Phantom Game Service will offer casual and avid gamers a broad library of titles, available anytime, day or night, from the comfort of their living room. Infinium Labs is led by a management team with extensive experience in interactive media, entertainment, broadband services, technology and video games. For more information, please visit http://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, the successful marketing and distribution of the Phantom Gaming System, 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.

Contact for Infinium Labs:
James Roberts
(941) 556-8004
jroberts@phantom.net

This release was issued through eReleases(TM). For more information, visit http://www.ereleases.com/.

Source: Infinium Labs, Inc.

CONTACT: James Roberts, Infinium Labs, +1-941-556-8004,
jroberts@phantom.net

Web site: http://www.phantom.net/

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