mPhase Technologies Appoints Mr. Gerard R. Adams as New Managing Director of Investor Relations

mPhase Technologies (OTCBB: XDSL) is pleased to announce the appointment of Mr. Gerard R. Adams as Managing Director of Investor Relations.

Mr. Adams is a highly regarded Investor Relations specialist who has assisted many companies with investor awareness throughout the years. Mr. Adams was strategically selected for his professionalism, marketing skills, communications expertise, and new innovative ideas. Mr. Adams is expected to take the company's Investor Relations strategy to the next level and provide greater visibility for mPhase Technologies shareholders.

The objective of hiring Mr. Adams is two-fold. First, to create effective communication between mPhase Technologies, its 18,000 shareholders, and the investment community. Second, Mr. Adams will be responsible for raising mPhase Technologies awareness amongst retail investors for the purpose of attracting new and prospective shareholders.

Mr. Adams is an integral part of the executive team with full responsibility for creating, implementing and executing an investor relations strategy, the consolidation of which will save management a substantial amount of time, effort and expense, allowing them to focus on core business operations, while significantly improving shareholder communications and value.

"I am very excited to join the mPhase team and look forward to helping create significant value for shareholders. I believe investors will see a major shift in how mPhase communicates with the investment community. In my opinion, mPhase Technologies is one of the most unique and innovative companies in the small-cap arena. It is my belief that 2008 will be a breakthrough year for the company!" stated Mr. Adams

mPhase Technologies CEO Ronald Durando stated, "We are blessed to have Gerard at the helm of Investor Relations for mPhase. Gerard is a dedicated resourceful professional that will add depth to the mPhase team. He brings immediate value to mPhase shareholders."

For all future mPhase Technologies investor relations needs, investors are asked to visit www.mPhasetech.com which Mr. Adams is redesigning as we speak. Alternatively, investors are able to e-mail all questions and correspondence to Gerard@mPhasetech.com. To be added to our investor e-mail list to receive all future press releases, filings, and updates in real-time please sign up at this link -- http://phx.corporate-ir.net/phoenix.zhtml?c=115986&p=irol-alerts&t=&id=&

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.

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