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<p><a
href="http://www.internetstocknews.com/mphase/xdsl12198.doc"><font
size="6">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</font></a></p>
<dir>
<li><font size="7" face="Garamond"><b>Press Release</b></font></li>
</dir>
<p><font size="5" face="Times New Roman"><b>mPhase Aligns with
McKibben to Launch Digital Video and Data Delivery System;
Traverser(TM) DVDDS Provides Telcos Entry into Digital Television
Marketplace<br>
<br>
</b></font><font size="3"><b><font PTSIZE="10"></b><br>
ATLANTA, April 22 /PRNewswire/ -- mPhase Technologies Inc., a
developer of high-speed Internet access, digital video delivery
and data transmission, has contracted with McKibben
Communications to help launch its Traverser(TM) Digital Video and
Data Delivery System (DVDDS). McKibben will provide its industry
expertise in the design and construction of the initial digital
headends, the acquisition of programming, and the launch of the
prototype 99 channel system at Hart Telephone this May. <br>
<br>
The Traverser(TM) provides Telecommunications carriers entry into
the digital television marketplace, leveraging their large
investment in the existing copper wire infrastructure. <br>
<br>
Rather than receiving revenues solely from traditional voice
service, Telcos are able to generate significant additional
revenue streams from high-speed Internet data access and digital
television transmission (CATV generated $26 billion in the U.S.
in 1997) and combat cable competition in the telephony and
Internet markets. mPhase has developed the only DSL technology
offering the ability to transmit digital, multi-channel
television over copper wire. mPhase's proprietary technology
enables Telcos to provide digital television, voice and data
simultaneously, without the necessity of laying expensive
fiber-to-curb or incurring the cost of upgrading the hybrid fiber
coaxial plant. <br>
<br>
Because the twisted copper pair is a discreet and private
communication between the Telco and the single customer, the
quality of service transmitted by the mPhase network architecture
is much more dependable and secure than the other multiplexed or
shared technology employed in cable delivery of voice, television
or data service. Video piracy is not possible with mPhase's
technology. Adverse climate, weather, geographic or other
external factors don't influence the delivery of data.
Furthermore, data transmission over copper via the Traverser(TM)
isn't degraded by an increase in the volume of subscribers using
the product simultaneously. <br>
<br>
The transmission of digital television over cooper wire not only
benefits areas with low cable penetration and provides an
alternative to CATV, but also allows an alternative to DBS for
consumers who currently receive some form of multi-channel
distribution. The Traverser(TM) will ultimately offer up to 400
channels, compared to an average of 59 channels offered by CATV
and 175 offered by DBS in 1997. <br>
<br>
mPhase's Traverser(TM) provides digital television with no prior
geographic specifications other than a phone line. DBS
subscribers need a clear view of the southwest horizon, which
prevents many urban and other geographically limited residents
from accessing DBS. DBS also lacks the ability to transmit local
broadcast programming, while the Traverser(TM) enables Telcos to
capture off-air and local broadcasts in their broadcast line-up. <br>
<br>
Subsidiary mPhaseTV.net, an integrator and aggregator of both
digital television programming and Internet content, provides
content for the Telcos who install the Traverser(TM) DVDDS
system. Programming can be customized by each Telco to meet the
needs of its customers for local programming, ethnic channels,
special interest or preferred movie packages. Internet access is
provided through a proprietary mPhase web site, which consumers
access through an mPhaseTV.net service provider. This unique
package of Internet and television content provides Telcos with a
line-up of television programming available on a turnkey basis
and a direct gateway to the Internet through the mPhase portal.
Subscribers can conveniently pay for Internet access, digital
television and phone line in a single billing option. <br>
<br>
A 4-channel system is currently running at Hartwell,
Georgia-based Hart Telephone Company, an independent Telco
leading the nation in advances in telecommunications and
innovative approaches to traditional telecom delivery. Los
Angeles-based McKibben Communications provides global television
program origination and distribution, along with on-going
services to the DTH and Cable industries and private networks.
Services include conditional access control, scrambling services,
conversion to digital platforms and corporate communications. <br>
<br>
For more information, contact mPhase Technologies at 203-838-2741
or McKibben Communications on 818-678-2001. Visit mPhase at </font><a
href="http://www.mphasetech.com"><font
size="3">http://www.mphasetech.com</font></a><font
size="3"> and </font><a href="http://www.mphasetv.net"><font
size="3">http://www.mphasetv.net</font></a><font size="3">. Visit
McKibben Communications at </font><a
href="http://www.mckibben.com"><font
size="3">http://www.mckibben.com</font></a><font
size="3">. <br>
<br>
</font></font><font size="3" face="Arial"><b><i>For more information try
these links.</i></b></font></p>
<dir>
<li><a
href="http://www.internetstocknews.com/mphase/xdsl73198.doc"><font
size="3">Kaufman Bros., L.P. Report - 1</font></a><font
size="2" face="Arial"><b> | </b></font><a
href="http://www.internetstocknews.com/mphase/xdsl12198.doc"><font
size="3">Kaufman Bros., L.P. Report - 2</font></a><font
size="2" face="Arial"><b> | </b></font><a
href="http://www.mphasetech.com/"><font size="3">mPhase
Technologies, Inc.</font></a><font size="2" face="Arial"><b>
| </b></font><a href="http://www.4value.com/"><font
size="3">Value Finder, Inc.</font></a></li>
</dir>
<h4><font size="3">Disclaimer:</font></h4>
<p><font size="1">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
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and fully understand all risks before investing. This adversarial
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and other risks detailed in the company’s SEC filings.
Actual results may differ materially from such information set
forth information set forth herein.</font></p>
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size="3">mailto:Valuefinder@4value.com</font></a><font
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