This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

MPower Steps Up Production Rates Of The MPower Jump It

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.

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,061.68 -8.72 -0.05%
S&P 500 2,114.49 +6.20 0.29%
NASDAQ 5,016.9290 +11.5380 0.23%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs