LITTLE FALLS, NJ -- (Marketwire) -- 10/23/12

mPhase Technologies, Inc. (OTCBB: XDSL) said today that on Thursday, October 25, 2012 at 9:00 am ET it will be releasing a multi-purpose video of the new product it has developed using advanced battery technology, targeted toward the automotive and marine industry.

The video will be used for marketing and product launch purposes. mPhase has retained the services of Stratus Consulting, Inc., a leading technology launch agency ( www.stratusmarketing.com ), to assist the Company in the initial marketing efforts of this product line.

About mPhase Technologies, Inc.

mPhase Technologies is a leading nanotechnology innovator in Smart Surfaces. Potential applications include energy storage systems, drug delivery 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.

mPhase is now introducing graphene into our core nano-silicon technology to enable broader use of the mPhase Smart NanoBattery. The Company seeks to leverage the promising properties of silicon and graphene to improve the energy efficiency and power of energy storage devices that are not possible with present battery technology.

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 . More information about the company can be found at http://www.mPhaseTech.com