Product Sales extend to 18 states
EAST RUTHERFORD, N.J.--(BUSINESS WIRE)--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.
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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.
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