SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): May 8, 2003
mPHASE TECHNOLOGIES, INC.
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(Exact Name of Registrant as Specified in Charter)
New Jersey 000-24969 22-2287503
(State or Other Jurisdiction (Commission File Number) (IRS Employer
of Incorporation) Identification No.)
587 Connecticut Ave., Norwalk, CT 06854-0566
(Address of Principal Executive Offices) (ZIP Code)
Registrant's telephone number, including area code: (203) 838-2741
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
Item 5. Other Events.
mPhase Technologies, Inc. issued a press release on May 8, 2003 regarding
the announcement of execution of a Reseller Agreement with Lucent Technologies
allowing mPhase to bundle Lucent's Stinger(R) DSL Access Concentrator into
mPhase's leading-edge television-over-DSL package, a copy of which is attached
as Exhibit 99.1 hereto. The press release is incorporated herein by reference.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
(a) and (b) Not Applicable
(c) Exhibit. The following exhibit is filed with this report:
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99.1 Press Release, dated May 8, 2003, of mPhase Technologies, Inc.
[Signature on following page.]
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
mPHASE TECHNOLOGIES, INC.
By: /s/ MARTIN S. SMILEY
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Martin S. Smiley
Executive Vice President,
Chief Financial Officer and
General Counsel
Date: May 8, 2003
EXHIBIT INDEX
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Exhibit Description
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99.1 Press Release, dated May 8, 2003, of mPhase Technologies, Inc.
Exhibit 99.1
Press Release
mPhase and Lucent Technologies Build on Research and
Development Relationship
mPhase executes reseller agreement with Lucent Technologies
NORWALK, Conn.--(BUSINESS WIRE)--May 8, 2003--mPhase Technologies, Inc. (OTC BB:
XDSL), a leading supplier of solutions for the delivery of broadcast digital
television and high-speed data over copper wires, announced it has cemented its
ongoing business relationship with Lucent by signing a Reseller Agreement that
allows mPhase to bundle Lucent's Stinger(R) DSL Access Concentrator into
mPhase's leading-edge television-over-DSL package.
With this agreement, mPhase also becomes a Lucent Global Business Partner, with
access to the many benefits associated with being a part of the Lucent Global
Business Partner program. mPhase customers can now purchase Lucent's
industry-leading Stinger(R) DSL Access Concentrator and mPhase's Broadcast
Television Switch (BTS) and digital set-top box from a single source.
"This reseller agreement expands the relationship mPhase has enjoyed with Lucent
and is the next logical step from our recently announced product development
relationship with Lucent's Bell Labs," said Ronald Durando, president and CEO of
mPhase.
mPhase announced earlier this year that it was teaming with Lucent to create a
hybrid, best-in-class broadband platform to deliver converged services with a
collaborative product combining mPhase's unique approach to the delivery of
broadcast television over DSL with Lucent's industry-leading, high-density
broadband platform, the Stinger(R) DSL Access Concentrator, resulting in a high
quality-of-service hybrid solution with dramatic reductions in per-port expense.
"This combined product solution is highly efficient and ideal for developing
markets where there is a lack of multichannel television options," stated Victor
Lawrence, vice president, Advanced Communications Technology at Bell Labs.
Outside of the United States and pockets of Europe, the majority of
television-owning households are not served with cable television. The emerging
markets, particularly those in Eastern Europe, Middle East and Africa (EMEA),
are areas of high growth for video over DSL. According to a report published in
February 2003 by industry analysts the Gartner Group, "[the number of telephone
companies in the EMEA region saying] they would offer video over DSL has leapt
from 40 percent in 2001 to almost 75 percent in 2002. This is a clear sign that
carriers [in this region] realize they need to move upstream with broadband
value-added services."
"Uniting the strengths of mPhase and Lucent has resulted in a reliable,
scaleable and cost-effective method of supporting television services over DSL,"
added Durando. "With the reseller agreement in place - and our new position as a
Lucent Global Business Partner - mPhase has a total package and the resources
available to bring this solution to players around the globe who want to make
television-over-DSL a reality."
About mPhase Technologies, Inc.
mPhase Technologies Inc. develops solutions for cost-effectively and reliably
transmitting broadcast digital television, high-speed Internet access and
traditional telephone service over existing copper telephone lines. mPhase also
offers a growing line of innovative DSL component
products, such as the iPOTS, designed to help service providers lower the
provisioning and operating costs associated with DSL.
More information is available at the mPhase Web site at www.mPhaseTech.com, or
by calling 877-674-2738. Investors may obtain additional information and
subscribe to investor services by referring to the Investor Information section
at the mPhase Web site.
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Contact Information:
Jennifer Silcott
mPhase Technologies Inc.
(203- 831.2208
jsilcott@mphasetech.com
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