Wall Street News Alert: Stock in Focus: XDSL! September 30, 2008

Tue. September 30, 2008; Posted: 11:14 AM

mPhase Technologies, Inc. (OTCBB: XDSL | Quote | Chart | News | PowerRating) should have investors monitoring the stock closely! Yesterday the company, a leading microfludics and nanotechnology development company, issued a press release announcing that it returned from a highly successful exhibition at the 2008 NanoEurope conference, serving as a Silver Sponsor.

Good news for the company! During the conference, mPhase held live hourly demonstrations of the superhydrophobic effect showing how water beads up on a chemically treated solid surface. mPhase scientists also conducted two flawless demonstrations of its manually activated reserve lithium battery with a breakable separator designed for an emergency flashlight application on September 16th and 17th.

The NanoEurope conference further allowed mPhase to speak with several European companies and private investors in attendance concerning future collaborations, distribution, and manufacturing of the Smart NanoBattery. The mPhase NanoEurope team also met with financial analysts of Credit Suisse to follow up their research conducted at the beginning of 2008. In addition, mPhase met the design team of a major automotive manufacturer regarding development of the industrial design of the AlwaysReady Emergency Flashlight.

The NanoEurope exhibition, held concurrently with the technical congress, offered companies from a wide range of business sectors a showcase for nanotechnology-enabled products. Representing mPhase, Dr. Fred Allen closed the conference with a discussion on power management in wireless sensor systems and the advantage of Power On Command(TM) technology while fielding questions from those in attendance.

Investors are urged to continue to monitor the progress of the company! "We couldn't be more pleased by the NanoEurope exhibition and congress and the positive reception of attendees to mPhase's battery technology," stated mPhase CEO Ronald A. Durando.

The stock closed Monday at around Three cents a share.

For a recent Wall Street News Alert's in-depth profile of mPhase Technologies, visit http://www.WallStreetNewsAlert.com/HotStocks/XDSL092908/default.aspx.

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Wellstar International, Inc. (OTCBB: WLSI | Quote | Chart | News | PowerRating) up 5.2% on 4.6 million shares traded.

On Sept. 29th, the company announced that it has made another key appointment to its medical advisory board. Ms. Edna Edwards Atwater, RN, BSN, widely respected as a premier wound care specialist, and current administrator at the Wound Management Institute of Duke University Medical Center, has already been serving as consultant to Wellstar and will now join Dr. Shen, Dr. Makowka and Courtney Lyder, ND to advise the rapidly emerging company on the medical and health care administration aspects of the Company's business activities.

TRI-STAR HOLDINGS, INC. (OTC: TSHL | Quote | Chart | News | PowerRating) up 14.2% on 304 million shares traded.

On Sept. 30th, the company announced that the Board of Directors convened a special meeting to unanimously approve a 1 for 10 share dividend. Shareholders will receive one share of restricted common stock for every ten shares held on the as-of-yet-undetermined record date to be scheduled in accordance with NASD rules and the company's transfer agent. Additionally, management announced that it has begun negotiations with two independent acquisition targets including the company's first international target. Management anticipates announcing one or more executed letters of intent in the very near future, to be followed by definitive agreements. Negotiations are still under way, but it is anticipated that one or more acquisitions will be executed in part or entirely by the issuance of restricted common stock of the company. Accordingly, management stated that it has raised the total shares authorized by 1,000,000,000 shares to facilitate the dividend and these pending acquisitions.

Tao Minerals, Ltd. (OTCBB: TAOL | Quote | Chart | News | PowerRating) up 11% on 646,000 shares traded.

On Sept. 30th, the company was pleased to announce that it will be initiating mining operations at its El Colmillo Gold Mine in early October. According to project manager, Juan Restrepo, P. Geo., the items of equipment, including the electrical generation plant, necessary to begin ore extraction operations are either already on site or in shipment, with arrival due shortly. The jaw crusher, critical to the operation of the processing plant, will be on site and in place by mid-October. The hiring of the workforce for the mine has been completed and the procurement of dynamite accomplished. Local authorities, enthused over the economic benefits the operation of the mine will bring to their community, are assisting Tao with the completion of the maintenance of the mine access road. In fact, Tao is pleased with the positive reception it has received from the local population, in general, and plans to continue to conduct its operations in a manner that will maintain its image as a valuable asset to the community.

Market Commentary: "Oil News: Prices plunged more than $10 a barrel Monday as a U.S. financial bailout plan failed to win legislative approval. Light, sweet crude for November delivery sank $10.52, or 10.1 percent, to settle at $96.36 on the New York Mercantile Exchange, after earlier dropping as low as $95.04," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.

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