Wall Street Analyst Forum Sets Webcast of mPhase Technologies Presentation Today; Company Plans New Nanotechnology Collaboration With Rutgers University

NORWALK, Conn.--(BUSINESS WIRE)--Feb. 28, 2005--Mike Devlin, executive vice president of Sales and Business Development for mPhase Technologies Inc. (OTC:XDSL) will speak at the Wall Street Analyst Forum in New York City today.

The live webcast is scheduled for today at 2:40 p.m. (Eastern Time), accessible via http://www.vcall.com/CEPage.asp?ID=90668. It will also be retrievable in archive form.

Devlin will report on the company's new agreement to collaborate with Rutgers University on broadening the capabilities of its nanotechnology-based battery that is now under development. Additionally, Devlin will provide highlights of mPhase's Internet Protocol television (IPTV) business.

About mPhase Technologies

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.