Thursday February 4, 3:21 pm Eastern Time
Company Press Release
mPhase Technologies Selects IP Equity As Its Investor Relations Firm
NORWALK, Conn.--(BUSINESS WIRE)--Feb. 4, 1999--mPhase Technologies
(OTCBB:XDSL - news) Thursday announced that, effective immediately, it has selected IP Equity Inc. as its exclusive Investor Relations firm.
IP Equity will be retained to direct the company's financial communications and shareholder relations campaign with a specific focus on the Internet as a medium for communications with the company's existing and potential shareholders.
''With the strong outlook for our 1999 business operations, we want to aggressively display our corporate performance and goals to individuals and corporations worldwide,'' said mPhase Technologies president and chief executive officer, Ronald A. Durando.
''To accomplish this goal, we have enlisted IP Equity Inc. as our exclusive financial relations firm. They are the only company we found to use the Internet as their primary form of communications with shareholders. With a large percentage of the financial community now online, we are confident that IP Equity will allow us to make our presence known among the institutional and retail investor community,'' added Durando.
''We are delighted to take on mPhase as a client. We are extremely selective in choosing our clients and deny the vast majority of applicants. With the recent activity in the high-speed Internet access industry, we found mPhase to be an exciting and promising young company worthy of our efforts,'' stated IP Equity CEO Chris Agarwal.
About mPhase Technologies
mPhase Technologies (www.mphasetech.com) is a leader in the emerging market for high-speed Internet access and Digital Television and provides data transmission at speeds up to 200 times faster than an existing 28.8K Internet connection allowing high-speed Internet access, Digital Television broadcast, and traditional voice service to be transmitted over an existing telephone line. mPhase comparables include Tut Systems (NASDAQ: TUTS - news), Aware (NASDAQ: AWRE - news), Orckit (NASDAQ: ORCTF - news), PairGain (NASDAQ: PAIR - news), Alcatel (NYSE: ALA - news), ECI (NASDAQ: ECILF - news), At Home (NASDAQ: ATHM - news), Time Warner (NYSE: TWX - news), and Online System Services (NASDAQ: WEBB - news).
About IP Equity
IP Equity (www.ipequity.com) is a leading Internet-targeted investor communications firm for small cap and microcap companies that derive the majority of their revenues from the Internet or Internet-related products and services.
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