mPhase Technologies Inc (XDSL)

[olroy]

New York, NY, March 07, 2019 (GLOBE NEWSWIRE) -- mPhase Technologies, Inc. (OTC:XDSL) (“mPhase” or the “Company”) is pleased to announce the acquisition of Travel Buddhi, a technology platform focused on enhancing travel via ultra-customization tools that can tailor the travel experience in ways not previously available.THE TECHNOLOGY WAS ORIGINALLY DEVELOPED BY MEMBERS OF THE NEW MPHASE TECHNOLOGIES INDIA (MTI) TEAM AND WILL BE COMMERCIALIZED BY THAT DIVISION DURING 2019. This acquisition represents the first tangible product line to utilize mPhase’s growing commitment to develop real-world products via an in-house team of machine learning and artificial intelligence (AI) experts.

The team heading up MPHASE India ACTUALLY DEVELOPED the technology for Travel Buddhi. I find this interesting because there must have been some kind of CREATIVE agreement made with this team to bring this technology to the company and also join/create Mphase India division. I cannot see any monetary exchange because Mphase has no money. I cannot see any shares issued because there really are not many share available??? Maybe it was just a way of taking Travel Buddi Public and bringing the Travel Buddi team under the Mphase umbrella. And maybe that was the purchase agreement made. A whole lot of maybe's but i sure would like to hear from Anshu how he made this possible?????