mPhase Technologies Announces Annual Meeting; May 15th Event to Be Web Cast Over mPhase's Web Site at www.mPhaseTech.com
NORWALK, Conn., Apr 30, 2002 (BUSINESS WIRE) -- mPhase Technologies, Inc. (OTC
BB: XDSL), the leading designer of innovative solutions for the delivery of
broadcast digital television and high-speed data solutions over copper wires,
today announced that the Company will hold its annual meeting on Wednesday, May
15, 2002.
The meeting will be held at the Company's corporate headquarters at 587
Connecticut Avenue in Norwalk, CT, or via web cast at www.mPhaseTech.com.
The annual meeting will be held at 10:00 a.m. EST with demonstrations of the
Company's TRAVERSER(TM) DVDDS beginning at 9:30 a.m. EST. mPhase CEO Ronald A.
Durando's presentation and question and answer period following the meeting will
be broadcast live via the Company's website at www.mPhaseTech.com. Web attendees
will hear the audio presentation accompanied by the same slide presentation
being used at the meeting, and will be able to participate in the question and
answer session.
In addition to providing shareholders with an overview of the Company's FY `01
results, a discussion of current and anticipated corporate developments,
including product developments, partnerships and marketing and sales
initiatives, will take place. The Company will also conduct live demonstrations
of its flagship product the TRAVERSER in conjunction with its soon to be
released product, the mPhaseStretch(TM), as well as demonstrate the mPhase
Intelligent POTS Splitter(TM). In addition, mPhase's officers and marketing team
will be on hand to answer questions.
Shareholders are set to vote on two issues: the election of directors and the
ratification of the Company's independent accountants. Shareholders with
questions regarding any of the proposals or other details relating to the Annual
Meeting are urged to call the Investor Relations Department, at 203-854-1348 or
email to braymond@mphasetech.com.
About mPhase Technologies, Inc.
mPhase Technologies Inc. operates three primary business segments:
- The Company develops solutions for cost-effectively and
reliably transmitting broadcast (real time) digital television
programming, high-speed Internet access and traditional
telephone service over existing copper telephone lines via its
flagship product, the Traverser Digital Video and Data
Delivery System (DVDDS). The award-winning Traverser system
enables telephone companies to simultaneously transmit up to
400 channels of MPEG-2 quality digital television programming
via a NIP (Non-Internet Protocol)-based platform, high speed
Internet access and traditional voice services using existing
copper infrastructure.
- mPhaseTelevison.net, Inc. ("mPhase TV") is rapidly becoming
one of the leading distributors of digital media, allowing it
to provide a turnkey digital television package, including
basic, premium and pay-per-view programming to service
providers utilizing video over DSL (digital subscriber line),
while simultaneously delivering high speed internet access and
plain old telephony service (POTS). The comprehensive package
offered by mPhase and mPhaseTV provides telcos with turnkey
systems that couple technology with content, thereby enhancing
their revenue opportunities and allowing for additional
revenues from e-commerce, digital ad insertion and other
sources.
- mPhase offers a growing line of components utilized in the
installation and testing of DSL, including the high density
POTS Splitter Shelf, the Test Access Shelf. the iPOTS
(Intelligent POTS Splitter Shelf), Universal Bypass and the
recently introduced mPhaseStretch(TM).
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 or by calling the Investor Relations Department at
203/854-1348.
Any statements contained in this press release that do not describe historical
facts may constitute 'forward looking statements' as that term is defined in the
Private Securities Litigation Reform Act of 1995. Any forward-looking statements
contained herein are based on current expectations, but are subject to a number
of risks and uncertainties. The factors that could cause actual future results
to differ materially from current expectations include the following:
fluctuations in customer demand; the Company's ability to manage its growth; the
risk of new product introductions and customer acceptance of new products; the
rapid technological change which characterizes the Company's markets; the risks
associated with competition; the risks associated with international sales as
the Company expands its markets; and the ability of the Company to compete
successfully in the future, as well as other risks identified in the Company's
Securities and Exchange Commission filings, including but not limited to those
appearing under the caption "Risk Factors" in the Company's 10-K and 10-Q
federal filings.
CONTACT: mPhase Technologies, Inc., Norwalk
Brittany Raymond, 203/854-1348
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KEYWORD: CONNECTICUT
INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS
ELECTRONIC
GAMES/MULTIMEDIA
INTERNET
TELECOMMUNICATIONS
TELEVISION/RADIO
SOURCE:
mPhase
Technologies,
Inc.
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