Greg Koler Named Interim CEO/CFO of Infinium Labs

Greg Koler Named Interim CEO/CFO of Infinium Labs

Bachus Leaves to Pursue Other Opportunities

SEATTLE, Washington, November 21/PRNewswire-FirstCall/ -- The Board of Directors of Infinium Labs, Inc. (OTC Bulletin Board: IFLB)
announced that Greg Koler has been appointed as interim CEO, CFO,
President and as a director of Infinium Labs following the resignation of
Kevin Bachus last week.

"I'd like to thank Kevin for his past support and wish him well with his
future endeavors. A lot of that support has helped put our operational
planning on track and has helped create awareness for the company in the
industry," commented Koler. Mr. Koler has been a full-time consultant
handling communications, channel and investment strategies in Europe for
Infinium since June 2004.

"Greg Koler is a welcome addition to the Infinium Labs US operations,"
said Richard Angelotti, Director, Infinium Labs. " From the perspective of
the U.S. and international markets, Mr. Koler's extensive corporate
experience and practical knowledge in the games industry will be fundamental
to our ability to successfully address the challenges we face at this pivotal
juncture in our company's evolution. Greg is known and respected by his
management peers for his insightful industry views and his clear, concise and
candid industry operational commentary", continued Angelotti.

Koler, 49, brings a wealth of over 15 years of sector specific skills
around broadband gaming content and interactive TV services space, first as a
consultant for Softbank (R) Broadband media Europe and Japan, a games service
and system provider to broadband network operators in Europe, Japan and the
USA. He also served in a similar capacity for television broadcast and
satellite set-top box manufacture FTA Communication Technologies, and mobile
provider Vox Mobile Communications in Luxembourg.

Previously, Koler was general manager at Infomedia S.A., Luxembourg, a
European subsidiary of Gemstar TV Guide International, Inc., where he was
responsible for five sales business units in Europe of the US parent company.
Prior to that, he was strategic sales director for TDK Recording Media
Europe, a global publisher of entertainment software for consoles and PCs.
Under Koler's licensing-based strategy, TDK Mediactive entered the console
and PC games market and grew video game net revenue from zero to over $42
million in less than three years.

Koler was also a founding director of Sony Computer Entertainment Europe.
Koler has a bachelor's degree in business administration from the University
of California, Berkeley.

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.

Source: Infinium Labs, Inc.

European media contact: Andrew Ball, Tel +44-(0)1925-217250, andrewball@andersonbaillie.com; Seattle PR contact, Tel +1-206-393-3000, pr@phantom.net

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