mPower Technologies, Inc. (http://mpowertech.com/),
the consumer products subsidiary of mPhase Technologies, Inc. (XDSL),
announced today that revenues grew by approximately 6% for the three
month period ended June 30, 2014 as compared to the prior three month
period ended March 31, 2014. The mPower Jump and Mini Jump products have
continued to experience a steady trend in sales growth for the second
half of fiscal year 2014. The Company is now on the shelves of over 190
stores in 18 states of a major national automotive retailer. With
product placement in those stores, the company is continuing the
progress of establishing nationwide growth in sales of its automotive
product line.
The mPower Jump and mPower Mini Jump have structured its wholesale
pricing in a manner that continues to draw interest and increase orders
with independents, franchise and chain automotive retailers around the
country.
Each product offers portability and powerful, compact jump-starting
capabilities. Millions of car owners, boat enthusiasts and users of cell
phones and small electronic devices can enjoy the peace of mind that
comes with never having to worry about the energy sources that power
such products. Wherever you go, you’re in charge.
For Dealer Inquiries email: dealer@mpowertech.com
About mPower Technologies
mPower Technologies Inc. is the wholly owned consumer products
subsidiary of mPhase Technologies, Inc. More information about the
company can be found at www.mpowertech.com.
About mPhase Technologies, Inc.
mPhase Technologies Inc. (OTCQB:XDSL), a 2013 Frost and Sullivan
recipient for the North American Advanced Battery Technology Innovation
Award. mPhase Technologies is a publicly traded company (XDSL) that is
introducing a revolutionary Smart Surface technology enabled by
breakthroughs in nanotechnology, MEMS processing and microfluidics. Our
Smart Surface technology has potential applications within drug delivery
systems, lab-on-a-chip analytic systems, self-cleaning systems, liquid
and chemical sensor systems, and filtration systems. mPhase has
pioneered its first Smart Surface enabled product, the mPhase Smart
NanoBattery, still in development. More information about the company
can be found at http://www.mPhaseTech.com.
Forward-Looking Statements. 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.
Copyright Business Wire 2014