Strategic Penny Stocks To Watch MPHASE TECHNOLOGIES INCORPORATED (OTCBB: XDSL)
Up 25.00% on Thursday
mPhase Technologies (XDSL) 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. In addition to the Smart Surface technology, mPhase recently introduced its first product, the mPower Emergency Illuminator, an award-winning product designed by Porsche Design Studio and sold via the mPower website.
XDSL News:
February 9 – mPhase Technologies, Inc. (XDSL) in Negotiations With Private Equity Group
02-10-12 Strategic Penny Stocks To Watch MPHASE TECHNOLOGIES INCORPORATED (OTCBB: XDSL)
mPhase Technologies, Inc. (OTCBB: XDSL) announced that it is in negotiations with a Private Equity group to invest a minimum of $2 million in mPhase. The Private Equity investment would enable the Company to avoid continuous financings in the public markets and would also bring a new Board Member to the Company with a solid foundation in cost reduction and marketing. This would accelerate the time to market for the Company’s products. The acceleration to market in the consumer products area would supplement the Company’s continued pursuit to receive government funding for its SmartNanoBattery and other products related to its Smart Surface Technology.
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