mPower Steps Up Production Rates of the mPower Jump It Increased profit margins draw in large distributors
EAST RUTHERFORD, New Jersey, January 31, 2014 /PRNewswire/ --
mPower Technologies Inc. (http://mpowertech.com/), the consumer products division of mPhase Technologies, Inc. (OTCQB: XDSL), announced today that more distributors are placing orders with the increased profit margins for the mPower Jump It. The company has increased the production levels to meet the demand of large retailers.
The company's decision to increase the MSRP and website selling price of the mPower Jump It is proving to be successful in drawing retailers to carry the product in stores and add it to their online sites. With the differential from their unit purchase price to their selling price, they are finding that the new profit percentages fit better into their desired margins.
Consumer orders on the website at http://www.jumpitnow.com have continued after the announcement of the price increase to $109.95 plus shipping and handling. That price gives retailers an equitable position with an MSRP of $119.95 when the product is on the shelf for the buyer with no shipping charges.
Consumers find the mPower Jump It offers portability and powerful, compact jump-starting capabilities. Millions of car owners and boat enthusiasts can enjoy the peace of mind that comes with never having to use jumper cables ever again. Because this product is always with you, always ready and always easy to use.
About mPower Technologies
mPower Technologies Inc. is the wholly owned consumer products division of mPhase Technologies, Inc. More information about the company can be found at http://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.
Contact: Danielle LaSalle, +1-973-256-3737, Email: dlasalle@mPhasetech.com
SOURCE mPhase Technologies, Inc.