reports
MPHASE REDUCES DEBT WITH ADDITIONAL CONVERTIBLE NOTES PAYMENTS
MPHASE REDUCES DEBT WITH ADDITIONAL CONVERTIBLE NOTES PAYMENTS Gaithersburg, MD, Feb. 03, 2021 (GLOBE NEWSWIRE) -- mPhase Technologies, Inc. (OTC Pink: XDSL) (“mPhase” or the “Company”) is pleased to report that it has paid off two additional convertible notes, marking the third and fourth notes retired during January 2021. All of the convertible notes were paid off to avoid dilution and reduced the Company’s overall debt. Management’s goal is to continue to pay off notes prior to their due dates to avoid further dilution. “During 2020, we incurred some one-time costs associated with i...
MPHASE REPORTS THIRD CONSECUTIVE PROFITABLE QUARTER AND BEGINS CONVERT...
MPHASE REPORTS THIRD CONSECUTIVE PROFITABLE QUARTER AND BEGINS CONVERTIBLE NOTE REPAYMENTS Gaithersburg, MD, Jan. 20, 2021 (GLOBE NEWSWIRE) -- mPhase Technologies, Inc. (OTC Pink: XDSL) (“mPhase” or the “Company”) reported financial results for its fiscal 2021 first quarter, which ended September 30, 2020. The first quarter of fiscal 2021 financial results achieved the Company’s third consecutive profitable quarter. In conjunction with this release, the Company is also providing additional operational developments. For fiscal Q1 2021, management is noting the following items of importanc...
MPHASE REPORTS 2nd CONSECUTIVE PROFITABLE QUARTER AND RECORD 1,111% IN...
MPHASE REPORTS 2nd CONSECUTIVE PROFITABLE QUARTER AND RECORD 1,111% INCREASE IN ANNUAL REVENUE FOR FISCAL 2020 Gaithersburg, MD, Jan. 05, 2021 (GLOBE NEWSWIRE) -- mPhase Technologies, Inc. (OTC Pink: XDSL) (“mPhase” or the “Company”) reported financial results for its fiscal 2020 fourth quarter and year ended June 30, 2020. In conjunction with this release, the Company is also providing additional details on its strategy for the upcoming calendar year 2021. For fiscal Q4 and full year 2020, management is noting the following items of importance: Revenue set an all-time record of $30.3 m...
MPHASE SEES CONTINUED IMPROVEMENT IN KEY BUSINESS UNITS; PAYS OFF CONV...
MPHASE SEES CONTINUED IMPROVEMENT IN KEY BUSINESS UNITS; PAYS OFF CONVERTIBLE NOTES DURING AUGUST 2020 Gaithersburg, MD, Sept. 11, 2020 (GLOBE NEWSWIRE) -- mPhase Technologies, Inc. (OTCQB: XDSL) (“mPhase” or the “Company”) is providing the following update to highlight notable improvements in its travel and customer engagement divisions. The Company’s Travel Buddhi division is progressing with its white label travel solution, which provides travel agents with a turnkey portal to create and monitor their customers’ travel plans. Travel Buddhi is using a measured roll-out as it completes i...
MPHASE TRAVEL BUDDHI DIVISION ANNOUNCES NEW ENHANCEMENTS TO TRAVEL PLA...
MPHASE TRAVEL BUDDHI DIVISION ANNOUNCES NEW ENHANCEMENTS TO TRAVEL PLATFORM Gaithersburg, MD, July 13, 2020 (GLOBE NEWSWIRE) -- mPhase Technologies, Inc. (OTCQB: XDSL) (“mPhase” or the “Company”) is providing the following update to highlight significant improvements to its Travel Buddhi platform, which is in final-stage development as an integrated content, planning, booking and engagement solution for global travelers. The Travel Buddhi division is pleased to announce that it is now collaborating with mPhase’s new consumer-oriented technology division, CloseComms, to build an in-destina...
MPHASE TRAVEL BUDDHI DIVISION REACHES MILESTONE: TOPS 700 GLOBAL DESTI...
MPHASE TRAVEL BUDDHI DIVISION REACHES MILESTONE: TOPS 700 GLOBAL DESTINATIONS ON PLATFORM Gaithersburg, MD, June 22, 2020 (GLOBE NEWSWIRE) -- mPhase Technologies, Inc. (OTCQB: XDSL) (“mPhase” or the “Company”) is pleased to report ongoing progress in its Travel Buddhi division, which is building an AI-enhanced platform that enables travelers to plan and generate travel itineraries under predetermined budgets and preferences. The key feature of the platform is its ability to adjust and enhance individual itineraries in real time to accommodate for delays or changes. This “virtual concierge...
MPHASE ADDS TWO NEW CHANNEL PARTNERS FOR ITS LEARNING PLATFORM BUSINES...
MPHASE ADDS TWO NEW CHANNEL PARTNERS FOR ITS LEARNING PLATFORM BUSINESS Gaithersburg, MD, June 10, 2020 (GLOBE NEWSWIRE) -- mPhase Technologies, Inc. (OTCQB: XDSL) (“mPhase” or the “Company”) is pleased to report that it has added two new channel partners for its Learning Track platform. The addition of these two channel partners increases the total number of channel partners to three, each of which will be targeting different customer verticals within their respective sales networks. These two new channel partners are focusing on over 300 universities and institutions of higher educatio...
MPHASE REPORTS RECORD THIRD QUARTER REVENUE AND FIRST PROFITABLE QUART...
MPHASE REPORTS RECORD THIRD QUARTER REVENUE AND FIRST PROFITABLE QUARTER IN COMPANY HISTORY Gaithersburg, MD, May 20, 2020 (GLOBE NEWSWIRE) -- mPhase Technologies, Inc. (OTC: XDSL) (“mPhase” or the “Company”) today reported record financial results for its third fiscal 2020 quarter and nine-month period ended March 31, 2020. In conjunction with this release, the Company is also providing additional details on its business initiatives for the remainder of calendar year 2020. For Q3/2020, management is noting the following items of importance: Net income totaled $1.4 million, achieving th...
MPHASE ACQUIRES ASSETS OF CONSUMER ENGAGEMENT TECHNOLOGY COMPANY CLOSE...
MPHASE ACQUIRES ASSETS OF CONSUMER ENGAGEMENT TECHNOLOGY COMPANY CLOSECOMMS LIMITED Gaithersburg, MD, May 15, 2020 (GLOBE NEWSWIRE) -- mPhase Technologies, Inc. (OTCQB: XDSL) (“mPhase” or the “Company”) is pleased to announce the acquisition of the assets of CloseComms Limited (“CloseComms”), a private United Kingdom company that has developed an application technology platform that helps businesses connect with, learn from, and engage customers beyond their four walls, while protecting the customers data and allowing them to remain anonymous. CloseComms currently operates under the name...
MPHASE SEES INCREASING DEMAND FOR LEARNING AND TRAINING SERVICES; PROV...
MPHASE SEES INCREASING DEMAND FOR LEARNING AND TRAINING SERVICES; PROVIDES UPDATE ON POSITIVE BUSINESS TRENDS Gaithersburg, MD, May 08, 2020 (GLOBE NEWSWIRE) -- mPhase Technologies, Inc. (OTCQB: XDSL) (“mPhase” or the “Company”) is providing the following update to investors in order to highlight the continued growth trajectory for the Company. mPhase is pleased to report that it is currently experiencing no negative effects in any of its business units during this time of global disruption. The Company continues to back its projections to achieve a $30 million annual revenue run rate dur...
MPHASE APPROVED FOR OTCQB LISTING
MPHASE APPROVED FOR OTCQB LISTING Gaithersburg, MD, Feb. 25, 2020 (GLOBE NEWSWIRE) -- mPhase Technologies, Inc. (OTC: XDSL) (“mPhase” or the “Company”) is pleased to announce that is has been approved to begin trading on the OTCQB Market, beginning February 25, 2020. The OTCQB (also called The Venture Market) is the middle tier of the OTC. Upgrading to the OTCQB is considered a positive step due to its more stringent qualifying and ongoing reporting requirements. “Qualifying for the OTCQB is tangible evidence of our rapid evolution toward becoming a leading technology growth stock,” expl...
MPHASE REPORTS RECORD SECOND QUARTER AND SIX-MONTH REVENUE
MPHASE REPORTS RECORD SECOND QUARTER AND SIX-MONTH REVENUE Gaithersburg, MD, Feb. 19, 2020 (GLOBE NEWSWIRE) -- mPhase Technologies, Inc. (OTC: XDSL) (“mPhase” or the “Company”) today reported record financial results for its second fiscal 2020 quarter and six-month period ended December 31, 2019. In conjunction with this release, the Company is also providing additional details on its business initiatives for the remainder of fiscal 2020. For Q2/2020, management is noting the following items of importance: Revenue set a Q2 company record of $7.6 million, compared to zero revenue report...
MPHASE TO PRESENT AT THE 12th ANNUAL LD MICRO MAIN EVENT INVESTOR CONF...
MPHASE TO PRESENT AT THE 12th ANNUAL LD MICRO MAIN EVENT INVESTOR CONFERENCE ON DECEMBER 11, 2019 Gaithersburg, MD, Dec. 05, 2019 (GLOBE NEWSWIRE) -- mPhase Technologies, Inc. (“mPhase” or the “Company”) (OTC: XDSL) will present at the 12th Annual LD Micro Main Event Investor Conference taking place at the Luxe Sunset Boulevard Hotel in Los Angeles, CA. The Company is scheduled to present on Wednesday, December 11, 2019 at 4:40 p.m. Pacific Time. President Ram Mantravadi and General Counsel Michael McGowan will present the Company and will be available for one-on-one meetings for two day...
MPHASE REPORTS RECORD QUARTERLY REVENUE DURING FIRST FISCAL QUARTER
MPHASE REPORTS RECORD QUARTERLY REVENUE DURING FIRST FISCAL QUARTER Gaithersburg, MD, Nov. 19, 2019 (GLOBE NEWSWIRE) -- mPhase Technologies, Inc. (OTC: XDSL) (“mPhase” or the “Company”) today reported financial results for its first fiscal 2020 quarter ended September 30, 2019. In conjunction with this release, the Company is also providing additional details on its strategy for the remainder of fiscal 2020. For Q1/2020, management is noting the following items of importance: Revenue set an all-time record of $7.6 million, compared to zero revenue reported in Q1/2019;Sequential Q1/2020 q...
MPHASE TO PRESENT AT NATIONAL INVESTMENT BANKING ASSOCIATION CONFERENC...
MPHASE TO PRESENT AT NATIONAL INVESTMENT BANKING ASSOCIATION CONFERENCE IN NYC ON NOVEMBER 13, 2019 Gaithersburg, MD, Nov. 13, 2019 (GLOBE NEWSWIRE) -- mPhase Technologies, Inc. (OTC: XDSL) (“mPhase” or the “Company”) will present at the National Investment Banking Association (NIBA) Conference in New York City today at 10:25 a.m. Eastern Time. The NIBA conference is a two-day event running from November 12-13, 2019 at The Westin New York at Times Square in New York, NY. Additional information is available on the NIBA website: mPhase will be represented by its executive team who will b...
MPHASE ANNOUNCES RECORD QUARTELY AND ANNUAL REVENUE
MPHASE ANNOUNCES RECORD QUARTELY AND ANNUAL REVENUE Gaithersburg, MD , Oct. 15, 2019 (GLOBE NEWSWIRE) -- mPhase Technologies, Inc. (OTC:XDSL) (“mPhase” or the “Company”) today announced financial results for its fiscal 2019 year ended June 30, 2019. In conjunction with this release, the Company is also providing additional details on its strategy for the remainder of calendar year 2019. For fiscal 2019, management is noting the following items of importance: Revenue set an all-time record of $2.5 million, compared to no revenue during fiscal 2018The Company recognized a non-cash stock-b...
MPHASE SIGNS PRODUCT LICENSE AND CONTENT AGREEMENT WITH ILEARNINGENGIN...
MPHASE SIGNS PRODUCT LICENSE AND CONTENT AGREEMENT WITH ILEARNINGENGINES New York, NY, Aug. 20, 2019 (GLOBE NEWSWIRE) -- mPhase Technologies, Inc. (OTC:XDSL) (the “Company” or “mPhase”) is pleased to announce that it has signed a three-year Product License and Content Agreement (“Agreement”) with iLearningEngines, Inc. (“ILE”). Under the terms of the Agreement, mPhase will utilize the ILE Artificial Intelligence (“AI”) engine to deliver customized learning and performance analytics solutions. The Company will develop the customized learning software solutions and curriculum through direct...
MPHASE ANNOUNCES ACQUISTION OF ALPHA PREDICTIONS LLP; SIGNS $2.5 MILLI...
MPHASE ANNOUNCES ACQUISTION OF ALPHA PREDICTIONS LLP; SIGNS $2.5 MILLION CONTRACT WITH IT SOLUTIONS COMPANY New York, NY, July 09, 2019 (GLOBE NEWSWIRE) -- mPhase Technologies, Inc. (OTCBB: XDSL) (the “Company”) is pleased to announce the acquisition of a controlling interest in Alpha Predictions LLP, (“Alpha Predictions”) an India-based technology company that has developed a suite of commercial data analysis products for use across multiple industries. Alpha Predictions currently has sales in excess of $2.0 million (USD) and will contribute immediately to mPhase revenues. Alpha Predic...
MPHASE TECHNOLOGIES, INC. SIGNS MEMORANDUM OF UNDERSTANDING WITH iLEAR...
MPHASE TECHNOLOGIES, INC. SIGNS MEMORANDUM OF UNDERSTANDING WITH iLEARNINGENGINES, INC. & ANNOUNCES SHAREHOLDER UPDATE New York, NY, May 20, 2019 (GLOBE NEWSWIRE) -- mPhase Technologies, Inc. (OTC Pink:XDSL) (“the Company”) today announced that it has entered into a non-binding Memorandum of Understanding (“MOU”) with iLearningEngines, Inc. (“iLE”), a leader in Mission Critical Training services. Currently private, ILE was ranked 7th on Deloitte’s 2018 list of the 500 fastest growing companies in North America. Under the terms of the MOU, the two companies are seeking a partnerhip unde...
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