mPhase Set to Grow Revenues in FY 2015
August 26 2014 - 9:20AM
Business Wire
Expanded facilities prepare for future
growth
mPhase Technologies, Inc. (XDSL), said today it is set for
growth in FY 2015 with the addition of a new corporate office in
Clifton, NJ and new warehousing space in Norwalk, CT. mPhase is now
prepared for dynamic growth in FY 2015.
mPhase has rapidly expanded it’s product line through their
consumer products subsidiary, mPower Technologies. The company has
three products in the pipeline developed in the past 9 months that
include the mPower Jump, the mPower Mini Jump and the most recently
introduced mPower Jump Plus. Launching these portable jumpstarting
products into the market along with an accessory line has created
the need for expansion of both warehousing space and corporate
office space. This positions the company for growth in revenues for
FY 2015.
The mPower Jump and Mini Jump are on retail shelves in over 220
locations. Dealers continue to join as independent sales
representatives selling the product line. The third portable
jumpstarter, the mPower Jump Plus, is beginning to be introduced to
mPower’s expanding dealer network. A store locator is being added
to the mPower website for consumer guidance in finding the product
in their local area.
Distributor inquiries can be directed to dealer@mpowertech.com
To learn more about the portable jumpstarter product line go to
www.jumpitnow.com The company will soon be adding the product
specifications for the newest jumpstarter in the line, the Jump
Plus. The Plus will have a full launch this fall.
About mPower Technologies
mPower Technologies Inc. is the wholly owned consumer products
subsidiary of mPhase Technologies, Inc. More information about the
company can be found at http://www.mpowertech.com.
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.
mPhase Technologies, Inc.Danielle LaSalle,
973-256-3737dlasalle@mPhasetech.com
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