LITTLE FALLS, NJ–( EMWNews – March 31, 2008) – mPhase/AlwaysReady, Inc. (OTCBB: XDSL)

stated today that it is set to make battery history on Thursday, April 3rd

at 9:00am ET, by demonstrating for the first time a significant

breakthrough in battery technology enabled by microfluidics — the science

that deals with the behavior, control and manipulation of fluids

geometrically constrained to a small, typically sub-milimeter, scale. The

event will be held at AJ Maxwells located at 57 W. 48th Street in New York

City and will be hosted by mPhase/AlwaysReady, Inc. The mPhase/AlwaysReady

Smart NanoBattery uses microfluidics to transfer liquid electrolyte through

a nanostructured separator known as a membrane which makes contact with the

solid electrodes, enabling activation of an electrical device. The

membrane is designed to keep the electrolyte separate from the electrodes

until activation is initiated.

“This microfluidic phenomenon serves as the basis for a new type of battery

with unlimited shelf life that can be used to provide power in portable

electronic devices for commercial and military applications,” said Ronald

A. Durando, CEO of mPhase Technologies Inc.

The mPhase/AlwaysReady Smart NanoBattery was recently mentioned by Credit

Suisse, a global research and investment banking firm, in a report entitled

“Nanotechnology for Energy Systems of the Future.”

To view the full Nano Circle report please visit www.Credit-Suisse.com and

search mPhase or visit the following link: https://entry.credit-suisse.ch/csfs/p/b2c/en/privatebanking/services/nanotech/media/pdf/newslett

er0208_en.pdf. mPhase is mentioned on page 5 under “Nanotechnology for the

Energy Systems of the Future.”

If you would like to attend the demonstration in NYC this Thursday please

contact Gerard Adams, Managing Director of Investor Relations.

(973-256-3737 x105 or via email at [email protected]).

About mPhase/AlwaysReady, Inc.

mPhase Technologies Inc. (OTCBB: XDSL), through its wholly owned subsidiary

AlwaysReady, Inc., is focused on developing and commercializing a new

battery technology based on a well-patented phenomenon known as

electrowetting, which provides a unique way to store energy and manage

power that will revolutionize the battery industry. For more information

please visit our website at www.mPhaseTech.com

Safe Harbor Statement

This news release contains forward-looking statements related to future

growth and earnings opportunities. Such statements are based upon certain

assumptions and assessments made by management of companies mentioned in

this press release in light of current conditions, expected future

developments and other factors they believe to be appropriate. Actual

results may differ as a result of factors over which the company has no

control.