EAST RUTHERFORD, New Jersey, January 15, 2014 /PRNewswire/ --
mPower Technologies Inc. (http://mpowertech.com/), the consumer products division of mPhase Technologies, Inc. (OTCQB: XDSL), announced today that the introductory price for the mPower Jump It is coming to a close. Robust demand from distribution partnerships has confirmed the market value of the emergency portable jump starter. Consumer sales have verified the markets interest and buying potential at an increased price.
mPower sales representatives have been closing deals with small and midsize distributors and retailers. They are in discussion with larger distribution retailers and will be increasing the price on the website http://www.jumpitnow.com to $109.95 plus shipping and handling. This increase opens the door to larger distributors that require specified profit margins to partner and resell. The demand for the product is at the ready and mPower will find it easier to close in on these large distribution deals with the increased pricing structure.
The price increase will take effect on or around January 20th and distributors that have committed their orders prior to the increase will benefit from a 6-month holdover of the introductory pricing on their re-orders. Consumer purchase on the website will also see the pricing change take place around January 20th.
The mPower JUMP IT delivers an incredibly powerful, compact jump starting capability. Millions of car owners and boat enthusiasts, worldwide, can enjoy the peace of mind that comes with never having to use jumper cables ever again. Because these products are always handy, always ready and always easy to use.
About mPower Technologies
mPower Technologies Inc. is the consumer products division of mPhase Technologies Inc. (OTCQB:XDSL), a 2013 Frost and Sullivan recipient for the North American Advanced Battery Technology Innovation Award. mPower Technologies is the wholly owned consumer products division of mPhase Technologies. More information about the company can be found at http://www.mpowertech.com.
About mPhase Technologies, Inc.
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. In addition to the Smart Surface technology. More information about the company can be found at http://www.mPhaseTech.com.
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.
SOURCE mPhase Technologies, Inc.