mPhase Technologies Executive Phil Thompson To Speak at FastNet Futures 2004

NORWALK, Conn.--(BUSINESS WIRE)--March 29, 2004--mPhase Technologies, Inc. (OTCBB:XDSL):

-- Thompson to speak as panel member regarding future of video technology

“The Fun, The Possibilities, and The Challenges”

-- FastNet gathers technology executives in industry forum on the future of video compression and delivery over the Internet

mPhase Technologies, Inc. (OTCBB:XDSL) announced today that Phil Thompson, the Company's Executive Vice President of Marketing and Strategic Planning, has been invited to be a guest speaker at FastNet Futures 2004.

FastNet Futures, an annual conference for the Internet and video delivery industry, will be held from March 29-31, 2004 in Santa Clara, California. Top industry CEOs, CTOs, analysts, and press are expected to attend.

Phil Thompson will be part of a five-person panel titled, "Video Technology What Will Be 2". His topic is, "The Fun, The Possibilities, and The Challenges". Thompson will discuss: 1) video technology, how it has developed, and where it is going; 2) how technology will influence and change the way that video is delivered in the future and how these changes will reshape the value chain in the industry; 3) the future challenges likely to face the industry and how to overcome them. Conference attendees can see Phil Thompson's presentation on Wednesday, March 31 at 4.15 pm.

About mPhase Technologies, Inc.

mPhase Technologies Inc. develops and commercializes next-generation telecommunications and nanotechnology solutions, delivering novel systems to the marketplace that advance functionality and reduce costs. In nanotechnology, mPhase is co-developing and commercializing a 'Super Battery' providing a technology disruption in form factor, shelf life and activation characteristics. In telecommunications, the Company's mPhaseTV+ platform cost-effectively and reliably delivers entertainment digital television, high-speed Internet access and traditional telephone service over existing copper telephone lines. mPhase also offers a growing line of innovative DSL component products, such as the iPOTS, designed to help service providers lower the provisioning and operating costs associated with DSL.

More information is available at the mPhase Web site at www.mPhaseTech.com. Investors may obtain additional information and subscribe to investor services by referring to the Investor Information section at the mPhase Web site or by contacting Christine Petraglia at Sky Investor Relations, Inc., [e-mail], 212-440-5000, www.skyir.com.