EAST RUTHERFORD, New Jersey, January 20, 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 closes on Monday January 20th at 8PM EST. The price will change on the website this evening and the 6-month offer to hold the introductory pricing for distributors will also be ending.
Consumers heard the calling this week and website sales at http://www.jumpitnow.com rose to its highest level in a 24-hour period with the announcement of a price increase. The orders continue to come in as consumers take advantage of a last chance to order before the price change.
Distributors are locking in their orders to hold their purchase price for 6 months.
As expected, partnered retailers are happily anticipating the increase for their profit margins and the doors have opened for larger retailers to commit to the mPower Jump It. This increase fits into their desired profit percentages for the inventory they choose to carry.
The website price will increase to $109.95 per unit plus shipping and handling. The MSRP for retailers is posted at $119.95. These two prices become more balanced after the consumer pays shipping and handling on website orders. This puts distributors in an equitable price range so as to not compete with the mPower web price offering.
Consumers can find the portability and powerful, compact jump starting capability that the mPower Jump It offers. 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 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.
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
SOURCE mPhase Technologies, Inc.