Nanotechnology Stocks; mPhase Technologies, Inc. (OTC.BB:XDSL) Accepts Invitation to Visit European Technology Group

LITTLE FALLS, NJ - February 27, 2012 (Investorideas.com Newswire) - mPhase Technologies, Inc. (OTC.BB: XDSL.OB) said today that it has accepted an invitation to visit on March 20 and March 21, 2012 a major European Technology "Cluster." The invitation was extended, after the Cluster reviewed mPhase's patent portfolio and the recent valuation and product applications that could result from potential licenses of various patents contained in the portfolio.

mPhase is exploring funding of additional research, development and product commercialization in the areas of reserve batteries using principals of electrowetting and microfluidics. The first day of the visit is to acquaint mPhase with the considerable laboratory resources that could be made available in Europe to continue development and commercialization of its intellectual property. The second day of the visit will introduce mPhase to large commercial firms, including a medical device company, that have indicated interest in establishing partnerships with mPhase for product development.

The focus and interest is based upon the ability of mPhase's Smart Surface technology to electronically control the precise flow of a fluid on a nano-structured surface.

About mPhase Technologies, Inc.

mPhase Technologies is introducing a revolutionary Smart Surface technology enabled by breakthroughs in nanotechnology, MEMS processing and microfluidics. Our Smart Surface technology has potential applications within drug delivery systems, lab-on-a-chip analytic systems, self-cleaning systems, liquid and chemical sensor systems, and filtration systems. mPhase has pioneered its first Smart Surface enabled product, the mPhase Smart NanoBattery. In addition to the Smart Surface technology, mPhase recently introduced its first product, the mPower Emergency Illuminator, an award-winning product designed by Porsche Design Studio and sold via the mPower website:

http://www.mpowertech.com. More information about the company can be found at http://www.mPhaseTech.com.

Forward-Looking Statements

As a cautionary note to investors, certain matters discussed in this press release may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such matters involve risks and uncertainties that may cause actual results to differ materially, including the following: changes in economic conditions; general competitive factors; acceptance of the Company's products in the market; the Company's success in technology and product development; the Company's ability to execute its business model and strategic plans; and all the risks and related information described from time to time in the Company's SEC filings, including the financial statements and related information contained in the Company's SEC Filing. mPhase assumes no obligation to update the information in this release.

Contact:

973-256-3737
mPhase Technologies, Inc.

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