Infinium Labs, the creators behind the mysterious broadband only console the Phantom, have revealed that their investment now stands at $44 million, after a shift in its original stock issue plans that was to raise $15 million. The capital boost came with the addition of a new investor in the shape of HaDavar HaNachon LLC.

"We agreed to increase our investment in Infinium," commented investor SBI-USA's MD Shelly Singhal, "because we believe the management team has demonstrated its ability to create a cutting-edge delivery system that will be able to capture demand for new types of game services into the home and to expand the gaming market."

Not all of the press or indeed consumers seem to be in agreement with investor optimism, however with this cash injection sure to be put to good use in promoting and improving the product, coupled with a huge showing at E3 and the promise of concrete product details and demonstrations, May could be the month Infinium convince the doubters. They certainly need to. We'll keep you posted on this.

By Luke Guttridge

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