March 19, 2008 09:15 ET

mPhase/AlwaysReady Smart Nanobattery Mentioned by Credit Suisse

Nano Circle Report Highlights Energy Storage Systems of the Future

LITTLE FALLS, NJ--(Marketwire - March 19, 2008) - mPhase/AlwaysReady, Inc. (OTCBB: XDSL) today announced that Credit Suisse, a global research and investment banking firm, has cited the mPhase/AlwaysReady Smart NanoBattery technology in a report entitled "Nanotechnology for Energy Systems of the Future."

To view the full Nano Circle report please visit www.Credit-Suisse.com and search mPhase or visit the following link: https://entry.credit-suisse.ch/csfs/p/b2c/en/privatebanking/services/nanotech/media/pdf/newslett er0208_en.pdf

mPhase is mentioned on page 5 under "Nanotechnology for the Energy Systems of the Future."

Ronald A. Durando, CEO of mPhase Technologies Inc., stated, "We are ecstatic that mPhase is starting to catch the attention of prominent world-leading investment banking firms like Credit Suisse. This recognition from Credit Suisse helps put mPhase on Wall Street's radar screen. We are looking to further expose our battery technology to investors and investment banking firms on April 3rd at our first-ever public demonstration at AJ Maxwell's 57 W. 48th Street in New York City."

Please contact Gerard Adams, Managing Director of Investor Relations, for a personal invitation. (973-256-3737 x105 or via email at Gerard@mPhaseTech.com).

About mPhase/AlwaysReady, Inc.

mPhase Technologies Inc. (OTCBB: XDSL), 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.

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.