LITTLE FALLS, NJ--(MARKET WIRE)--Sep 12, 2008 -- Leading nanotechnology development company mPhase Technologies, Inc. (OTC BB:XDSL.OB - News) will be a Silver Sponsor at the 2008 NanoEurope conference, a leading European nanotechnology event. The event will be held in St. Gallen, Switzerland on September 16 and 17, 2008.

The NanoEurope 2008 exhibition, held concurrently with the technical congress, offers businesses from a wide range of technology sectors a platform to display solutions for commercializing nanotechnology research results. Last year, some 3,500 visitors from over 40 countries attended. Participation is a vital part of mPhase/AlwaysReady entering the European market and gain exposure for its revolutionary Smart NanoBattery.

NanoEurope 2008 also provides a forum for decision makers from the business and investment communities. Top managers from successful nanotechnology companies will discuss the business perspectives of nanotechnology and show how opportunities can be seized by developing concrete commercial applications.

Representing mPhase will be the CEO of its wholly owned subsidiary AlwaysReady, Inc., Dr. Fred Allen. The title of his talk is, "The Smart NanoBattery for Wireless Sensor Systems: A Breakthrough in Energy Storage and Power Management," to be given in the Nanobased Electronics and Sensor Systems session on September 17 at 4 PM. (http://www.nanoeurope.com/wEnglisch/messen/nanoeurope/01_besucher/konferenzen/elektronik_sensor_programm.php)

Said mPhase Technologies CEO Ron Durando, "We are excited about sponsoring NanoEurope to showcase our Smart NanoBattery and to pursue other potential non-power applications of our core membrane technology based on our proprietary microfluidics platform."

Credit Suisse who recently featured mPhase/AlwaysReady in their NanoCircle publication will be a Gold Sponsor of the event. To read the article please visit -- https://entry.credit-suisse.ch/csfs/p/b2c/en/privatebanking/services/nanotech/media/pdf/newsletter0208_en.pdf.

About mPhase Technologies, Inc. and 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.

About NanoEurope

The 6th NanoEurope, leading European exhibition for the transfer of nanotechnology know-how, will be held in St.Gallen, Switzerland from September 16 - 17, 2008.

The international congress will present successful commercial nanotechnology applications and introduce new scientific knowledge that can be commercialized.

The exhibition, held concurrently with the congress, offers businesses from a wide range of technology sectors a platform to display solutions for commercializing nanotechnology research results. For more information please visit -- http://www.nanoeurope.com/wEnglisch/messen/nanoeurope/01_besucher/home/home.php.

For a list of exhibitors please visit -- http://www.nanoeurope.com/wEnglisch/messen/nanoeurope/01_besucher/messe/ausstellerverzeichnis_2008W3DnavanchorW261110064.php.

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.

     Contact:
     mPhase Technologies, Inc
     Investor Relations
     Gerard Adams
     973-256-3737 ext 105
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     http://www.mphasetech.com