mPhase Executive To Speak At The Wall Street Analyst Forum In New York City

NORWALK, Conn.--(BUSINESS WIRE)--Feb. 16, 2005--mPhase Technologies Inc. (OTCBB:XDSL) today announced that Mike Devlin, executive vice president of Sales and Business Development, will speak at the Wall Street Analyst Forum in New York City on February 28. Devlin will report on the company's progress in its major lines of business, which consist of systems for delivery of Internet Protocol television (IPTV) and nanotechnology.

"We are looking forward to providing an update on our nanotechnology business and the evolution of the IPTV market," Devlin said. "We're breaking new ground in battery technology as we commercialize our nanobattery and we're developing new markets for our breakthrough IPTV system."

“We are looking forward to providing an update on our nanotechnology business and the evolution of the IPTV market”

Devlin will report on his organization's work in creating business development relationships for mPhase's nanotechnology business. The company is currently commercializing a Bell Laboratories innovation for a novel nano battery. Future batteries based on this technology have the potential to deliver far longer shelf life and better storage capacity than existing battery technology. The business development team is exploring applications for this technology that may include defense, industrial, healthcare, and consumer electronics. mPhase is also targeting the nanobattery for use in technically improved, lighter weight battery designs.

The company also said that Devlin would report on progress on deployments of its IPTV system around the world. The mPhase TV+ System allows telephone companies to offer TV and Internet services over copper and fiber networks.

The 16th annual Wall Street Analyst Forum will be held at The Roosevelt Hotel on Madison Ave and 45th Street in Manhattan. Attendance is for institutional investors only, who may register by calling 802-253-7596. A live and retrievable webcast of individual company presentations can be accessed via www.analyst-conference.com. The live mPhase webcast is scheduled for 2:40 p.m. on Monday, February 28.

About mPhase

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.

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 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 management has no control.