mPhase Technologies Signs Value-Added Reseller Agreement with Triveni Digital, adding Increased Services Creation Flexibility to mPhase TV+ System

NORWALK, Conn.--(BUSINESS WIRE)--Dec. 22, 2004--

Electronic Program Guides are critical for Telcos to customize consumer services

“The flexible system enables telephone companies to quickly modify, update, customize and target programming and program-related information to specific subscribers. By increasing the value of this information, telcos can differentiate their services offerings from cable and satellite companies.”

mPhase Technologies (OTC: XDSL) today announced that it has reached an agreement with Triveni Digital to resell its GuideBuilder Pro metadata management system as part of its mPhase TV+ System, the standards-based system that enables the delivery of broadband TV and data services over telephone networks.

"The inclusion of the Triveni Digital GuideBuilder system enhances our As You Like It(TM) services creation environment for mPhase TV+," said Ron Durando, CEO, mPhase Technologies. "The flexible system enables telephone companies to quickly modify, update, customize and target programming and program-related information to specific subscribers. By increasing the value of this information, telcos can differentiate their services offerings from cable and satellite companies."

The mPhase TV+ System manages the television programming for transmission over a phone company DSL network and digital set top box. It also performs administrative tasks such as firmware updates, electronic program guide downloads, channel authorization and service and billing provisioning, including such functions as pay-per-view and video-on-demand. To offer a complete and seamless solution, the GuideBuilder system has been integrated with the mPhase TV+ System electronic program guide, which is currently available in English, Spanish, Italian, French and Russian.

"The program guide has a major influence on the subscriber's experience," said Nandhu Nandhakumar, VP of Engineering and CTO of Triveni Digital. "Our system is designed to feed the program guide with rich, accurate and timely information. We have used our advanced technology to simplify our interfaces to back-office and element management systems. Our metadata format is based on the world's leading standards such as ATSC PSIP and DVB SI, guaranteeing maximum interoperability."

Triveni Digital's integrated GuideBuilder Pro system provides telcos different ways to control, enhance and monetize the announcement, branding and promotion of entertainment content. Multiple integration points with various operational support systems and information sources enables telco personnel using the mPhase TV+ System to quickly tailor services to meet subscriber needs, and to operate these services at low ongoing cost.

About mPhase Technologies, Inc.

mPhase Technologies Inc. (OTC: XDSL) develops and commercializes 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 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. The company is bringing nanotechnology out of the laboratory and into the market with a planned innovative long, life power cell. More information is available at the mPhase Web site at www.mPhaseTech.com.

About Triveni Digital

Triveni Digital, Inc., a subsidiary of LG Electronics, develops systems that provide for the management and distribution of data and metadata in digital television streams. Triveni Digital's products for ATSC PSIP, DVB SI, SCTE metadata, data broadcasting, stream analysis and monitoring are renowned for their ease of use and innovative features. Working with leading industry partners, Triveni Digital employs an open and standards-compliant approach to the digital television market. Visit http://www.trivenidigital.com for more information.

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 both companies in light of current conditions, expected future developments and other factors it believes to be appropriate. Actual results may differ as a result of factors over which the companies have no control.

EDITOR'S NOTE - When referring to Triveni Digital, please use the complete company name "Triveni Digital" and not just the word "Triveni". Product and company names used here are trademarks or registered trademarks of their respective companies.