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mPhase Technologies Announces Name Change for First Product

^{Published on 2009-10-27 17:14:04 - Market Wire}
 

LITTLE FALLS, NJ--(Marketwire - October 27, 2009) - mPhase Technologies, Inc. (OTCBB: [ XDSL ]) today announced that it has renamed its first product that is expected to be available for consumer purchase in early 2010. Previously named the AlwaysReady Emergency Flashlight, mPhase has renamed the product the mPower Emergency Illuminator. The product will be branded and marketed under mPower Technologies, the newly created and 100% wholly owned consumer products division of mPhase Technologies.

The mPower brand will be used to create a distinctive line of products that utilize mPhase's unique advanced battery technology. The mPower Emergency Illuminator offers a sleek design and is manufactured to the highest quality to ensure that users will have light and Power On Command™ when and where it is needed.

Said mPhase CEO Ron Durando, "Our goal is to create a full product line under the mPower brand. The strategic decision to change the name of the product is important for the long term success of a full line of products that stem from the advanced battery technology that mPhase has created."

About mPhase Technologies, Inc. and AlwaysReady, Inc.

mPhase Technologies, Inc. (OTCBB: [ XDSL ]), through its wholly owned subsidiary AlwaysReady, Inc., is focused on developing and commercializing a new battery technology based on a well-patented phenomenon known as electrowetting, which provides a unique way to store energy and manage power that will revolutionize the battery industry. For more information, please visit our website at [ www.mPhaseTech.com ].

Safe Harbor Statement

This news release contains forward-looking statements related to future growth and earnings opportunities. Such statements are based upon certain assumptions and assessments made by management of companies mentioned in this press release in light of current conditions, expected future developments and other factors they believe to be appropriate. Actual results may differ as a result of factors over which the company has no control.