mPhase Technologies Inc (XDSL)

[drkazmd65]

Two years ago I would have interpreted this PR of today in a very positive way. Today - it just sounds like a desperate *gasp* for air.

Could the following excerpt from the PR be any more vague and weasely?

mPhase desires to further advance the design, fabrication and commercialization of its nanostructured material

http://ih.advfn.com/p.php?pid=nmona&article=62612204&symbol=XDSL

mPhase Technologies to Continue The Development of its Smart Surface Technology

Smart Drug Delivery System Targeted

mPhase Technologies, Inc. (XDSL) (http://mphasetech.com/), announced today that it is continuing the development of its award winning smart surface technology.

mPhase desires to further advance the design, fabrication and commercialization of its nanostructured material and devices for military and commercial applications relating to advanced battery, sensor and drug delivery systems.

Under past Cooperative Research and Development Agreements with the United States Army, mPhase developed a smart surface that made it possible to keep the essential components of a battery, the solid electrode and liquid electrolyte, separated until power is needed. This battery system, the Smart Nanobattery, can be activated electronically, mechanically or via gravitational pull.
This research lead to the expansion of mPhase’s Intellectual Property by filing a smart drug delivery system patent application in February 2013, which utilizes mPhase’s smart surface technology.

mPhase intends to concentrate the development of its smart surface technology on advanced energy storage devices and smart drug delivery systems.

About mPhase Technologies, Inc. mPhase Technologies Inc. (XDSL), a 2013 Frost and Sullivan recipient for the North American Advanced Battery Technology Innovation Award. mPhase Technologies is a publicly traded company (XDSL) that is pioneering 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, still in development. 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.