Wednesday, June 22, 2011

Nanotechnology Stocks; mPhase (OTC.BB:XDSL) SHAREHOLDER MEETING TO BE HELD June 29, 2011

LITTLE FALLS, NJ - June 22, 2011 ( Newswire) - mPhase Technologies, Inc. (OTC.BB: XDSL) is a holding a Special Meeting of Shareholders on Wednesday, June 29, 2011 at 10:00 A.M. at 587 Connecticut Avenue, Norwalk, Ct. 06854. At the meeting mPhase Executives will discuss the recent completion of its transition from a developer of sophisticated telecommunications products to a leader in development of “smart surfaces” using the science of nanotechnology and the discipline of micro fluid dynamics creating a man made material replicating a phenomenon known in nature as the Lotus Leaf Effect.
mPhase will also be releasing a video showing how this smart surface technology has been used to create the first of its kind smart battery. At the meeting mPhase will provide, in detail, its deep intellectual property in the area of smart surface technology and its strategy to enhance shareholder value. After the meeting mPhase will post a link to the presentation for shareholders to view.
The Company has reinvented itself culminating in the discontinuation of its prior business as of June 30, 2010 resulting in an attractive high-growth technology company.
About mPhase Technologies, Inc.
mPhase Technologies is introducing a revolutionary Smart Surface technology enabled by breakthroughs in nanotechnology, MEMS processing and microfluidics. Our Smart Surface technology has potential applications within drug delivery systems, lab-on-a-chip analytic systems, self-cleaning systems, liquid and chemical sensor systems, and filtration systems. mPhase has pioneered its first Smart Surface enabled product, the mPhase Smart NanoBattery.
In addition to the Smart Surface technology, mPhase recently introduced its first product, the mPower Emergency Illuminator, an award-winning product designed by Porsche Design Studio and sold via the mPower website:
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. mPhase assumes no obligation to update the information in this release.
mPhase Technologies, Inc.
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