mPhase Technologies Has $0.374 SqueezeTrigger Price On Projected 8,584,664 Shares Shorted in 2005 According to Buyins.net Research Report

LITTLE FALLS, N.J.--(BUSINESS WIRE)--Oct. 17, 2005--BUYINS.NET / www.buyins.net, is initiating coverage of mPhase Technologies (OTCBB: XDSL) after releasing the latest short sale data through October 14th, 2005. From January through mid-October of this year, an approximate amount of 8,584,664 shares of XDSL have been shorted for a total dollar value of nearly $3.2 million. The XDSL SqueezeTrigger price of $0.374 is the volume weighted average short price that all shorts are short in shares of XDSL. To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://buyins.net/squeezetrigger.pdf .
Month       Total Volume   Short Volume  Avg. Price Short Dollar Value

January:      31,017,400    1,240,696     $0.425      $527,295.80   
February:     45,420,200    1,816,808     $0.552      $1,002,878.02 
March:        24,957,900      998,316     $0.474      $473,201.78   
April:        10,762,800      430,512     $0.326      $140,346.91   
May:          27,768,800    1,110,752     $0.278      $308,789.06   
June:         10,729,600      429,184     $0.272      $116,738.05   
July:         12,584,700      503,388     $0.262      $131,887.66   
August:        7,711,100      308,444     $0.243      $74,951.89    
September:    22,699,400      907,976     $0.235      $213,374.36   
October:      20,964,700      838,588     $0.262      $219,710.06   

Total:       214,616,600     8,584,664    $0.374      $3,210,664.37

* short volume is approximated using a proprietary algorithm
** average short price is calculated using a volume weighted 
average short price.

               XDSL On OTCBB Naked Short Threshold List

                On List         Off List            # Days

               February 3rd     March 11th            26
               April 29th       June 21st             37
               July 20th        August 15th           19
               August 26th      September 6th         7
               October 7th      Currently on list     6


mPhase Technologies has been on the OTCBB Naked Short Threshold list 5 different times and has currently been on the list for 6 consecutive trading days as of October 14th. Regulation SHO took effect January 3, 2005, and provides a new regulatory framework governing short selling of securities. It was designed with the objective of simplifying and modernizing short sale regulation and providing controls where they are most needed. At the conclusion of each settlement day, data is provided on securities in which: 1) there are at least 10,000 shares in aggregate failed deliveries for the security for five consecutive settlement days, and 2) these failures constitute at least 0.5% of the issuer's total shares outstanding. SEC Regulation SHO under the Securities Exchange Act of 1934 mandates that, if a clearing agent has had a fail-to-deliver position for 13 consecutive settlement days, that clearing agent, and the broker/dealer it clears for, must purchase securities to close out its fail to deliver position.

About mPhase Technologies

mPhase Technologies Inc. (OTCBB: 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. Additionally, the company is working on prototype ultra-sensitive magnetometers that promise up to a 1,000-fold increase in sensitivity as compared with available un-cooled sensors. More information is available at the mPhase Web site at www.mPhaseTech.com.

About BUYINS.NET

WWW.BUYINS.NET is a service designed to help bonafide shareholders of publicly traded US companies fight naked short selling. Naked short selling is the illegal act of short selling a stock when no affirmative determination has been made to locate shares of the stock to hypothecate in connection with the short sale. Buyins.net has built a proprietary database that uses Threshold list feeds from NASDAQ, AMEX and NYSE to generate detailed and useful information to combat the naked short selling problem. For the first time, actual trade by trade data is available to the public that shows the attempted size, actual size, price and average value of short sales in stocks that have been shorted and naked shorted. This information is valuable in determining the precise point at which short sellers go out-of-the-money and start losing on their short and naked short trades.

BUYINS.NET has built a massive database that collects, analyzes and publishes a proprietary SqueezeTrigger for each stock that has been shorted. The SqueezeTrigger database of nearly 400,000,000 short sale transactions goes back to January 1, 2005 and calculates the exact price at which the Total Short Interest is short in each stock. This data was never before available prior to January 1, 2005 because the Self Regulatory Organizations (primary exchanges) guarded it aggressively. After the SEC passed Regulation SHO, exchanges were forced to allow data processors like Buyins.net to access the data.

The SqueezeTrigger database collects individual short trade data on over 7,000 NYSE, AMEX and NASDAQ stocks and general short trade data on nearly 8,000 OTCBB and PINKSHEET stocks. Each month the database grows by approximately 50,000,000 short sale transactions and provides investors with the knowledge necessary to time when to buy and sell stocks with outstanding short positions. By tracking the size and price of each month's short transactions, BUYINS.NET provides institutions, traders, analysts, journalists and individual investors the exact price point where short sellers start losing money and a short squeeze can begin.

All material herein was prepared by BUYINS.NET, based upon information believed to be reliable. The information contained herein is not guaranteed by BUYINS.NET to be accurate, and should not be considered to be all-inclusive. The companies that are discussed in this opinion have not approved the statements made in this opinion. mPhase Technologies has a paid a $995.00 monthly data fee to Buyins.net and can cancel the monthly data fee at any time. This opinion contains forward-looking statements that involve risks and uncertainties. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. BUYINS.NET is not a licensed broker, broker dealer, market maker, investment banker, investment advisor, analyst or underwriter. Please consult a broker before purchasing or selling any securities viewed on or mentioned herein. BUYINS.NET will not advise as to when it decides to sell and does not and will not offer any opinion as to when others should sell; each investor must make that decision based on his or her judgment of the market.

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