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New XDSL Corporate Structure Designed to Attract New Capital with Minimal Shares Dilution
mPhase Technologies (OTCBB: XDSL) today provided investors with a review of its strategy to maximize shareholder value.
"mPhase has incubated three major breakthroughs: a smart Nanobattery, an ultra-sensitive magnetometer, and a leading edge IPTV software, said Ron Durando, mPhase Technologies CEO and president. "These advances need both management focus and room to grow. We're launching two separate subsidiaries: Granita Media, Inc. which will deliver targeted advertising on IPTV platforms and AlwaysReady, Inc., a nano and MEMs technology company. Independent management teams will be able to drive more rapid growth. Moreover, this is a strategy that raises new capital with minimal dilution to XDSL."
mPhase spoke today at the Wall Street Reporter Magazine's (www.wallstreetreporter.com) 12th Small-Cap Discovery Conference. Investors interested in the presentation can hear an archive copy via webcast at http://www.investorcalendar.com/IC/CEPage.asp?ID=118124&CID .
Companies interested in more information on mPhase TV+ System should visit the mPhase web site at: http://www.mphasetech.com .
About mPhase Technologies, Inc.
mPhase Technologies Inc. (OTCBB: XDSL) develops and commercializes advanced technologies. next-generation telecommunications and nanotechnology solutions, delivering novel systems to the marketplace that advance functionality and reduce costs. In telecommunications, the Company's mPhase TV+ platform cost-effectively and reliably delivers television, high-speed Internet access and telephone service over telephone lines. More information is available at the mPhase web site at http://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.
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Tim Clemensen, 212-843-9337
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