PressReleaseMphase
<[email protected]> Tue, 20 Apr 1999 17:27:06 -0700
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Press Release From Value Finder http://www.internetstocknews.com/mphase/xdsl12198.doc Kaufman Brothers, L.P. currently has a Buy(short-term)/Buy(long-term) rating on mPhase with a 12 to 18 month price target of $16.00 Press Release mPhase Technologies Announces Traverser 4 Channel Breakthrough NORWALK, Conn., March 17 /PRNewswire/ -- mPhase Technologies Inc. (OTC Bulletin Board: XDSL) announced today that its Traverser(TM) Digital Video and Data Delivery System (DVDDS), utilizing new DSL technology, now delivers 4 channels of MPEG2 encoded digital video simultaneously with 1 Mbps Internet access and voice service directly over an existing telephone wire. Consisting of proprietary equipment located at the central office and customer premises, the Traverser DVDDS enables RBOCs, ILECs, and CLECs to deliver entertainment-quality, full-motion, and full-screen broadcast video and data services to both residential and business customers using the same platform. Ronald A. Durando, President and CEO of mPhase Technologies Inc. stated, ``This is a significant step in the implementation of our unique DVDDS technology. In the near future, 80 channels of digital video will be available to customers. They will be able to watch television while they simultaneously surf the Internet and talk on the telephone or receive a fax, all using their existing telephone line.'' ``The full potential of this decisive advance in telephony is yet to be fully realized,'' added Durando. Previously, mPhase reported that it had successfully transmitted its digital video signals from a content provider over a synchronous optical network ring (SONET) to a telephone company's central office. And, earlier this year, mPhase simultaneously transmitted a broadcast quality MPEG2 full motion television picture with sound and standard telephony service over a single twisted-pair line up to 9,000 feet in length. The 4 Channel system is running at Hart Telephone Company in Hartwell, Georgia, an independent Telco leading the nation in the technological advances in telecommunications and innovative approaches to traditional telecom delivery challenges. A Multi-User & Multi-Channel Traverser Digital Video and Data Delivery System will be unveiled at SuperComm 99, Booth 6211 (June 6-10, Georgia World Congress Center in Atlanta, Georgia). About mPhase Technologies Inc. mPhase Technologies Inc. is a leader in the emerging market for high-speed Internet access and digital television delivery and provides data transmission at speeds more than 250 times faster than an existing 28.8K Internet connection allowing high-speed Internet access, digital television delivery, and telephone communications to be conducted over an existing telephone line. Competitors to mPhase Technologies include Tut Systems, PairGain, At Home, Time Warner's Road Runner, and Online System Services. mPhase Technologies, Inc. has been featured in Internet Stock News http://www.internetstocknews.com/mphase/mphase.html http://www.internetstocknews.com/mphase/mphase.html, one of the web's leading free publications for Internet Stock investors. For more information try these links. http://www.internetstocknews.com/mphase/xdsl73198.doc Kaufman Bros., L.P.Report - 1 http://www.internetstocknews.com/mphase/xdsl12198.doc Kaufman Bros., L.P. Report - 2 http://www.mphasetech.com/ mPhase Technologies, Inc. Disclaimer: This publication contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. The Company's actual results could differ materially from those set forth in the forward-looking statements, and may not be construed as investment advice. This is not a solicitation to buy or sell securities and this does not purport to be complete analysis of the company mentioned. Investing in securities is speculative and carries a high degree of risk. Past performance does not guarantee future results. Readers should consult with their own independent tax, business and financial advisers with respect to any investment, including any contemplated investment in the advertised company. All information contained in this advertisement should be independently Investigated. Investigate and fully understand all risks before investing. This adversarial contains forward-looking statements that involve risks and uncertainties including, but not limited to, quarterly fluctuations in results, the management of growth, competition and other risks detailed in the company&#146;s SEC filings. 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