LITTLE FALLS, N.J.--(BUSINESS WIRE)--Sept. 2, 2005--"Nanotechnology for Dummies," the newest in the "Dummies" paperback series designed to simplify the complexities of technology for average people, is a good introduction to the topic and worth exploring by investors, according to Ron Durando, CEO of mPhase Technologies (OTC: XDSL), a noted pioneering company in the field.

"If you are an investor who has been confused about nanotech, here is a good introduction that should promote your understanding of the science, applications, and growth trajectory for nanotechnology," said Durando, whose company is commercializing a revolutionary nano-based "smart" battery. He added that the company is looking into using the smart battery in energy harvesting applications to potentially reduce energy consumption.

The book from Wiley Publishing describes the mPhase battery in a section called, "It just keeps on going," focusing on its ability to store energy for decades and produce current virtually on demand.

According to Wiley Publishing, investment in nanotechnology is exploding, with $3.7 billion in R&D spending authorized by the U.S. government in 2003 and international investment reported at over $2 billion.

The book's author, Richard Booker, is a doctoral student at Rice University working under Richard Smalley, discoverer of what Wiley describes as the "buckeyball -- a collection of carbon atoms in a spheroid shape composed of a 60 carbon atoms each bonded to three of its neighbors." His co-author, Earl Boysen, is an experienced engineer with degrees in physics and chemistry.

Nanotechnology is a technical discipline that uses a combination of chemistry, physics and industrial engineering to discover and use the special characteristics of materials at the nanometer or atomic scale. mPhase expects multiple applications for its breakthrough development "smart" battery.

mPhase has already proven the feasibility of fabricating such batteries, which can store reserve power for decades and generate electric current virtually on demand. The prototype battery is based on a Bell Labs discovery that liquid droplets of electrolyte will stay in a dormant state atop nanotextured surfaces until stimulated to flow, thereby triggering a reaction producing electricity. This effect can permit precise control and activation of the batteries when required, yielding a very long shelf life.

About mPhase Technologies, Inc.

mPhase Technologies Inc. (OTC: XDSL) develops and commercializes next-generation telecommunications and nanotechnology solutions, delivering novel systems to the marketplace that advance functionality and reduce costs. The company, awarded the 2005 Frost & Sullivan Excellence in Technology Award, 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

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 in light of current conditions, expected future developments and other factors it believes to be appropriate. Actual results may differ as a result of factors over which the companies mentioned in this press release have no control.