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mPhase Technologies, Inc. Engages the Investor Relations Group

^{Published on 2009-12-29 04:20:19 - Market Wire}
 

LITTLE FALLS, NJ--(Marketwire - December 29, 2009) - mPhase Technologies, Inc. (OTCBB: [ XDSL ]), the global leader in the development of Power On Command™ reserve battery technology, has retained the Investor Relations Group, a thirteen-year-old, award-winning corporate communications firm based in New York City, to serve as its national investor relations agency.

The IRG team will use proprietary competitive analysis strategies and extensive databases to target the broad scope of the investment community, including portfolio managers and analysts. IRG's program will include pre-qualified, one-on-one introductions, e-mail to investment professionals that have opted-in for communication, traditional outreach, as well as the newest online marketing methods.

"This is an exciting time for mPhase Technologies," said Ronald Durando, Chief Executive Officer of mPhase Technologies, Inc. "We have spent the past several years reinventing the battery utilizing breakthroughs in nanotechnology, microfluidics and microelectromechanical systems (MEMS). We believe there is a great market for our products within the defense community as well as in the consumer electronics industry, based on our Power On Command reserve battery technology, which give our batteries a shelf life of more than 20 years -- a major improvement over the capabilities of existing products."

Mr. Durando continued: "As we continue to reach our milestones, we look forward to working with IRG to communicate our company strategy, goals and progress with the investment community, our shareholders, the media, content providers and their customers, and the public-at-large."

About the Investor Relations Group, Inc.

The Investor Relations Group, Inc. offers a full-service corporate communications program designed to suit the many unique needs of public companies. The program utilizes a proprietary, targeted approach to reach institutional investors, analysts, and the media-at-large. The Investor Relations Group was recently honored with a "Stevie Award" for Investor Relations Program of the Year and named a finalist in the Best Media Website category from the 2009 American Business Awards. For further information, please visit the company's website at [ http://www.irgnews.com ].

About mPhase Technologies, Inc.

mPhase Technologies, Inc. (OTCBB: [ XDSL ]) is focused on developing and commercializing a new battery technology featuring Power On Command™ which provides a unique way to store energy and manage power that will revolutionize the battery industry. mPhase through its 100% owned consumer products division mPower Technologies is marketing its first Power On Command product, The mPower Emergency Illuminator For more information, please visit [ www.mPhaseTech.com ] and [ www.mpowertech.com ].

Forward-Looking Statements

As a cautionary note to investors, certain matters discussed in this press release may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such matters involve risks and uncertainties that may cause actual results to differ materially, including the following: changes in economic conditions; general competitive factors; acceptance of the Company's products in the market; the Company's success in technology and product development; the Company's ability to execute its business model and strategic plans; and all the risks and related information described from time to time in the Company's SEC filings, including the financial statements and related information contained in the Company's SEC Filing. Power Efficiency assumes no obligation to update the information in this release.