Nanotechnology Stocks; mPhase (OTC.BB:XDSL) to Exhibit Prototype of Nanobattery Utilizing Smart Surfaces Material at Shareholders Meeting

LITTLE FALLS, NJ - June 27, 2011 (Investorideas.com Newswire) - mPhase Technologies, Inc. (OTC.BB: XDSL) today announced that this morning it released a new video that provides technical insight into how the company is developing Smart Surface applications, focusing on the self cleaning phenomena of controlling how water and non-water based liquids can selectively be controlled when applied to different types of porous substrate materials. This closely replicates a phenomenon known in nature as the Lotus Leaf Effect http://en.wikipedia.org/wiki/Lotus_effect. The video shows how this Smart Surface technology has been used to create the first of its kind Smart Battery.
The video can be viewed on the mPhase Technologies web site, http://www.mphasetech.com/technology.html or at You Tube, http://www.youtube.com/watch?v=1bqr0S9SjpE

mPhase also stated that they will exhibit a prototype of the Smart Nanobattery, that was the subject of a United States Army STTR grant, at a Special Meeting of Shareholders being held on Wednesday, June 29, 2011 at 10:00 A.M. at 587 Connecticut Avenue, Norwalk, Ct. 06854.
At the meeting mPhase will also 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.
Anyone interested in learning more about mPhase Technologies can call the company at 973256-3737 or visit the mPhase website at www.mphasetech.com.
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: http://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. mPhase assumes no obligation to update the information in this release.
Embedded Video Available: http://www2.marketwire.com/mw/frame_mw?attachid=1656680
Contact:
973-256-3737
mPhase Technologies, Inc.

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