After Illustrious Bell Labs Career, Dr. Victor B. Lawrence to Join mPhase Technologies Board of Directors; Telecommunications Veteran Adds Deep Knowledge of Technology to Company's Leadership.

LITTLE FALLS, N.J. -- Dr. Victor B. Lawrence, retired from an illustrious career with Lucent Technologies Bell Labs, is joining the Board of Directors of mPhase Technologies, (OTCBB:XDSL), subject to approval by the majority of the company's shareowners.

"Victor Lawrence is a well-respected, extremely knowledgeable scientist who is a pioneer in broadband networking, silicon chip design and applications like digital video - all core technologies driving the company's future," said Ronald Durando, mPhase's chief executive officer. "We are delighted to add a director of his caliber to our board."

Lawrence, elected to the National Academy of Engineering, the most prestigious recognition of engineers in the United States, last held the title of Bell Labs Vice President, Advanced Communications Technology, with oversight of a global R&D organization that included branches in China and the Netherlands, in addition to the U.S. Following his retirement, he joined the faculty of Stevens Institute of Technology in January 2006, where he serves as Associate Dean and Batchelor Chair Professor of Engineering in the Charles V. Schaefer, Jr. School of Engineering.

A native of Ghana, Lawrence joined Bell Laboratories in 1974 after receiving his doctorate from Imperial College, London. He began his career in the research area, making many significant contributions to signal processing and communications. Throughout the 1980s he took on increasingly responsible managerial roles, contributing to many significant advances in high-speed transmission, including digital subscriber line (DSL) technology that is enabling today's high-speed communications, including internet based television (IPTV).

Lawrence holds more than 20 U.S. and international patents. He is a Fellow of the Institute of Electrical and Electronics Engineers (IEEE) and is a Bell Laboratories Fellow. Awarded the 2004 IEEE Award in International Communication, he was a co-recipient of the 1984 J. Harry Karp Best Paper Award, the 1981 Gullemin-Cauer Price Award, and shared the 1997 Emmy Award for the HDTV Grand Alliance Standard with other Bell Laboratories colleagues.

Lawrence has co-written five books and has been a frequent instructor and lecturer on technology, technology management and innovation. For several years since 1996, Lawrence has lectured at the U.S. Industrial College of the Armed Forces, which included support for the Senate Sub-Committee on Science and Technology.

About mPhase Technologies

(OTC: XDSL) develops and commercializes next-generation telecommunications and nanotechnology solutions, delivering novel systems to the marketplace that advance functionality and reduce costs. In telecommunications, the Company's mPhase TV+ platform cost-effectively and reliably delivers entertainment digital television, high-speed Internet access and traditional telephone service over existing copper telephone lines. mPhase also offers a growing line of innovative DSL component products, such as the iPOTS splitters, designed to help service providers lower the provisioning and operating costs associated with DSL. The company, awarded the 2005 Frost & Sullivan Excellence in Technology Award and the Nano 50 Award from NASA Nanotech Briefs, is bringing nanotechnology out of the laboratory and into the market with a planned innovative long life power cell. Additionally, the company is working on prototype ultra-sensitive magnetometers that promise up to a 1,000-fold increase in sensitivity as compared with available uncooled sensors. More information is available at the mPhase Web site at www.mPhaseTech.com

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