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mPhase Technologies, Inc. (OTCBB:XDSL) today announced the engagement of Audiostocks.com, an internet-based publishing platform designed to create, catalogue, distribute and make functional, fact-based corporate business news and financial content. AudioStocks.com corporate webpage is located at http://www.audiostocks.com .
mPhase was added to Audiostocks' growing community of small cap and micro cap investors, AudioStocks disseminates news, corporate profiles, interviews and links to source materials as a means to facilitate and streamline the cumbersome task of performing due diligence on publicly-traded companies. Additionally, the AudioStocks platform assists companies in garnering the attention of the diverse audience of current and potential investors, vendors, and institutions.
AudioStocks does not duplicate traditional broadcast efforts, which increasingly yield slower results with poor (or worse yet, unverifiable) metrics. Rather, via results-oriented narrowcasting techniques, AudioStocks delivers quantified, high-quality outcomes and helps fortify traditional marketing communications efforts.
Ron Durando, mPhase president and CEO said, "We expect AudioStocks to help us put mPhase in front of the right audience to increase awareness of our company's common stock in the investor community."
"We are pleased to feature mPhase Technologies, Inc. We have reviewed the company's business strategies, its long history and its position relative to the industry," stated Luis Leung, Director of AudioStocks. "The need for nanotechnology is growing, bringing along with it the possibility to achieve mega returns on investment within the sector."
About mPhase Technologies, Inc.
mPhase Technologies Inc. (OTC: XDSL) develops and commercializes next-generation media-rich entertainment software and nanotechnology solutions, delivering novel systems to the marketplace that advance functionality and reduce costs. The company was awarded the Frost & Sullivan 2006 Energy Storage Award for the Nanobattery in September and earlier received the 2005 Frost & Sullivan Excellence in Technology Award, and the Nano 50 Award from NASA Nanotech Briefs, is bringing nanotechnology out of the laboratory and into the market with a planned innovative long life power cell. Additionally, the company is working on prototype ultra-sensitive magnetometers that promise orders of magnitude increases in sensitivity as compared with available un-cooled sensors. 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. In addition AudioStocks.com has been paid 200,000 shares of restricted common stock as compensation for a six month services agreement.
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Rubenstein Investor Relations
Tim Clemensen, 212-843-9337
Peter Hamilton, 212-843-8015
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