mPhase/AlwaysReady, Inc. to Unveil Packaging for Its First Lithium NanoBattery at the Friedland Investment Events Alternative Energy & Clean Technology Conference Today

LITTLE FALLS, NJ--(MARKET WIRE)--Apr 24, 2008 -- Dr. Fred Allen, President of AlwaysReady, Inc., a wholly owned subsidiary of mPhase Technologies, Inc. (OTC BB:XDSL.OB - News), will speak at the Friedland Investment Events 2008 Alternative Energy & Clean Technology Conference on Thursday, April 24th at 10:20 AM (EDT). The event will be held at the Harvard Club in New York.

Dr. Allen will review the company's position as a leading innovative battery technology company. He will describe progress since the company's first public demonstration earlier this month, and will discuss current efforts to package a lithium Smart NanoBattery.

Says Dr. Allen, "The Friedland Alternative Energy Conference provides a tremendous opportunity to bring the revolutionary Smart NanoBattery story to a broader investor audience. We are excited about this opportunity after our successful demonstration earlier this month."

At this premier event, mPhase/AlwaysReady, Inc. will have the opportunity to interface with over 100 investors, investment bankers, hedge fund managers, analysts and other members of the financial community. Previous conferences have been attended by many leading financial organizations active in the Alternative Energy / Clean Technology market including the American Stock Exchange, Bank of America, Credit Suisse, Deloitte, Deutsche Bank, InvestorCom Inc., JPMorgan Chase, Kruzman Clean Tech Fund, Lehman Brothers, Loeb & Loeb, Merrill Lynch, PR Newswire, Smith Barney, Standard and Poor's, Spencer Clarke,Thomson Financial, Trenwith Group LLC, and UBS.

About mPhase/AlwaysReady, Inc.

mPhase Technologies, Inc. (OTC BB:XDSL.OB - News), through its wholly owned subsidiary AlwaysReady, Inc., is focused on developing and commercializing a new battery technology based on a well-patented phenomenon known as electrowetting, which provides a unique way to store energy and manage power that will revolutionize the battery industry. For more information please visit our website at www.mPhaseTech.com.

Safe Harbor Statement

This news release contains forward-looking statements related to future growth and earnings opportunities. Such statements are based upon certain assumptions and assessments made by management of companies mentioned in this press release in light of current conditions, expected future developments and other factors they believe to be appropriate. Actual results may differ as a result of factors over which the company has no control.