Wise Investments

[Linchuck]

XDSL news

mPhase's Backlog for POTS Splitter Shelves Approaching $3 million; Increased Demand for POTS Splitter Shelves Grows mPhase's Backlog
Business Wire - July 23, 2003 09:03
NORWALK, Conn.--(BUSINESS WIRE)--July 23, 2003--mPhase Technologies, Inc. (OTC BB: XDSL), announced its backlog of POTS Splitter shelves has grown to approximately $2.8 million as a result of increased demand over the past several months from DSL service providers.

"The increase in our backlog will have a positive effect on mPhase's cash flow," commented Ronald Durando, President & CEO of mPhase. He added, "Despite the telecommunications industry downturn, DSL deployments continue to accelerate."

mPhase has and will continue to focus the majority of its resources on bringing its flagship television over DSL system, the mPhaseTV+ Platform, to market. The success of mPhase's DSL component products demonstrates the breadth and depth of the company's product portfolio and ensures a revenue stream as mPhase begins to roll-out the mPhaseTV+ Platform.

About mPhase Technologies, Inc.

mPhase Technologies Inc. develops solutions for cost-effectively and reliably transmitting broadcast 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 operating costs associated with DSL.

More information is available at the mPhase Web site at www.mPhaseTech.com, or by calling 877-674-2738. Investors may obtain additional information and subscribe to investor services by referring to the Investor Information section at the mPhase Web site.


CONTACT: mPhase Technologies Inc.
Jennifer Silcott, 203-831-2208
[e-mail]