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The consumer products division will operate under the name mPower Technologies, Inc. which will be 100% owned by mPhase Technologies, Inc. This division will be responsible for all marketing, sales, planning, logistics and customer support involved in the sale of all consumer products developed by mPhase Technologies. The company plans to diversify its product line to create additional consumer products in the near future.
"As we move from research and development of new battery technology to the launch of a new consumer product line it was essential to create a new consumer division that is entirely focused on the consumer," said CEO Ron Durando.
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.
Contact: Mr. John Levitt mPhase Technologies, Inc. Public Relations Coordinator 973-256-3737 Email Contact www.mPhaseTech.com
SOURCE: mPhase Technologies
http://www2.marketwire.com/mw/emailprcntct?id=4E046188D9D76BA4 http://www.mPhaseTech.com
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