NEW YORK, Jan. 16, 2015 (GLOBE NEWSWIRE) -- Phantom Fiber Corporation (OTC Mkts:PHFB), announces the acquisition of XoDoc Technologies, LLC. ("XoDoc") a leading provider of secure enterprise level business management solutions.
1 Click Manager®, a wholly owned subsidiary of XoDoc, is an affordable, customizable and robust enterprise level software for browsers and handheld devices and is available for alternative lenders and ISOs (Independent Sales Offices) in the merchant services industry. 1 Click Manager reports and manages electronic payment and settlement of transactions. XoDoc is currently integrated with the largest payment processors in the world.
XoDoc, founded by Frank Cristaudo, focuses its efforts in finance, big data and merchant service industries. XoDoc currently services over 4,000 copier locations for copier dealers. XoDoc maintains, customizes and supports its clients' individual versions of 1 Click Manager® that has supported more than 300 merchant service offices, a million plus merchants and over 90 payment processors worldwide.
"The XoDoc acquisition will enable Phantom Fiber to commence marketing its value added solutions to the existing XoDoc-PHFB customer base and proceed to market value added services to 400,000 businesses via 17,000 sales professionals nationwide. We are very pleased and confident that this acquisition will create significant value for our existing shareholders, investors and business partners," said Kevin Kading, CEO of Phantom Fiber.
This news release includes certain forward-looking statements concerning future performance of Phantom Fiber, Intelagy Corp. jjlist.com and XoDoc's, operations and financial performance and condition, as well as management's objectives, strategies, beliefs and intentions. The Companies do not intend, and do not assume any obligation, to update forward-looking statements which are frequently identified by such words as "may", "plan", "expect", "anticipate", "estimate", "intend" and similar words referring to future events and results. Forward-looking statements represent management's best reasonable judgment based on current facts and assumptions. The Company makes no representation that reasonable business people in possession of the same information would reach the same conclusions. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of competitive risks and the availability of financing. Actual events or results may differ materially from those projected in the forward looking-statements and readers are cautioned against placing undue reliance thereon.
CONTACT: Kevin H. Kading email@example.com President 212-385-9200
Source:Phantom Fiber Corporation