mPhase Technologies Developing New E-Commerce Website

Website Will Be Sales Platform for First Consumer Product

LITTLE FALLS, NJ -- (Marketwire) -- 10/05/09 -- mPhase Technologies, Inc. (OTCBB: XDSL) today announced that it is developing a new e-commerce website in anticipation of the launch of its first consumer product. The website will be branded with its newly created and wholly owned consumer products division, mPower Technologies. The AlwaysReady Emergency Flashlight is the first product that will feature mPhase's unique battery technology.

The development of the mPower e-commerce website is part of mPhase's strategic marketing and sales strategy to target consumers globally. The website will be developed in multiple languages in order to be user friendly for consumers in all areas of the world. The product roll out is currently on schedule for early 2010.

"Our e-commerce website will be consumer friendly and reflect the sleek design and premium quality of the AlwaysReady Emergency Flashlight," remarked mPhase CEO Ron Durando. "Consumers will be able to easily access the website, view the product with full 360 degree rotation, and purchase the product directly online."

About mPhase Technologies, Inc. and AlwaysReady, Inc.

mPhase Technologies, Inc. (OTCBB: XDSL), through its wholly owned subsidiary AlwaysReady, Inc., is focused on developing and commercializing a new battery technology based on a well-patented phenomenon known as electrowetting, which provides a unique way to store energy and manage power that will revolutionize the battery industry. For more information, please visit our website 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 of companies mentioned in this press release in light of current conditions, expected future developments and other factors they believe to be appropriate. Actual results may differ as a result of factors over which the company has no control.

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