Infinium Labs Withdraws SB-2, Appoints New Execs

Author: by Nich Maragos, Simon Carless

As part of the generally renewed movement at Infinium Labs, developers of the Phantom console and game delivery service, CEO Kevin Bachus has requested that the company's SB-2 Registration application be withdrawn. The application is one of several ways to take a privately held company and raise money through publicly traded shares. Other measures taken by Infinium have been to close the original Sarasota, FL offices in favor of consolidating the entire company to its new Seattle headquarters. Infinium has also appointed John Anderson as its new Director of Finance and Corporate Controller, in which capacity he will manage the company's accounts and budgets. Anderson's previous position was as the co-founder of Calipa Partners, a financial advisor to start-up companies. Adam Goldblatt has also been brought on as General Counsel and Corporate Secretary. "I'm pleased that the Board has given me the power to make changes," said Bachus. "We're tightening the ship and doing the things that I think will help us focus on commercializing our Phantom Game Service." Bachus was appointed CEO last month, previously served as the company’s president and COO, and succeeded former CEO Timothy Roberts, who will continue to serve on the board of directors. Bachus is notable as one of the four original pioneers of Microsoft’s Xbox console, when he was group product manager for the company’s DirectX technologies. He then became director of third party relations for Xbox, before leaving Microsoft to help set up the short lived Capital Entertainment Group video games production company. The Phantom 'console' itself runs Windows XP Embedded on a AMD® Athlon XP 2500+, with an Nvidia GeForce FX 5700 Ultra GPU, 256 MB RAM, and a 40 GB 'local content cache', and requires a broadband connection to stream game data with. A release date for the device, which has previously suffered significant delays, is yet to be confirmed.