mPhase Technologies Issues Video to Explain Its Ultra-Sensitive Magnetometer Technology

LITTLE FALLS, N.J.--mPhase Technologies (OTC:XDSL) (www.mphasetech.com) today with this news release is releasing a video demonstration of its ultra-sensitive sensor magnetometer. The video is also accessible through the mPhase Technologies home page on the internet.

The video premiered at 5 p.m. today on the popular YouTube web site at the following url: http://www.youtube.com/watch?v=kqeRaU8ufZc The video is the second video production the company has produced to help investors understand both its technology and its markets.

The company’s video on its nano battery, posted last Friday, garnered a number of “honors” from the popular video site, including “top rated, most viewed, most discussed and top favorites.”

“Based on the success of our nano battery video posted on You Tube last week, we’re releasing a video today to explain our magnetometer project so investors will better understand the nature of our technology,” said mPhase Technologies, Inc. CEO, Ron Durando. “The extreme advantage of size, sensitivity and low cost allows us to develop the next generation of military and homeland security sensor applications while also addressing a number of commercial markets as well.”

About mPhase Technologies, Inc.

mPhase Technologies Inc. (OTC: XDSL) develops and commercializes next-generation media-rich entertainment software and nanotechnology solutions, delivering novel systems to the marketplace that advance functionality and reduce costs. The company was awarded the Frost & Sullivan 2006 Energy Storage Award for the Nanobattery in September and earlier received the 2005 Frost & Sullivan Excellence in Technology Award, and the Nano 50 Award from NASA Nanotech Briefs, 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 orders of magnitude increases in sensitivity as compared with available un-cooled sensors. More information is available at the mPhase Web site at www.mPhaseTech.com