mPhase names financial industry veteran James Engler, Jr.

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Gaithersburg, MD, Jan. 20, 2022 (GLOBE NEWSWIRE) — mPhase Technologies, Inc. (OTC Pink: XDSL) (“mPhase” or the “Company”), a technology company developing the mPower EV+ (electric vehicle) charging network and consumer engagement platform, is pleased to announce the appointment of financial industry veteran James Engler, Jr. to its Board of Directors.

James is currently Vice President and Chief Financial Officer of Rosemore Inc., a private investment management firm whose heritage in the energy and transportation industries stretches back more than a century since the founding of American Oil. Company (AMOCO) in 1910. In addition to three years of energy and investment management experience with Rosemore, he previously served as a senior executive with PricewaterhouseCoopers LLP (PwC) for 15 years, serving large filers with from the SEC and from private companies in the electric and utility sector. His main client at PwC was utility giant Exelon, where he managed 10Qs/Ks audits for three regulated utilities and worked on the audit of the company’s commodity and production business units.

In addition to his work on SEC external audits, he spent a 2-year rotation at PwC’s national office where he supported multiple engagement teams across the country during inspections by the Public Company Accounting Oversight Board ( PCAOB); was a technical consultant to PwC audit teams; and participated in discussions with the SEC, PCAOB and other regulators. He holds an undergraduate degree from Towson University, is a Certified Public Accountant, and a CAIA Level II candidate.

“With 18 years of supervisory experience in a diverse set of energy businesses, James is an exceptional addition to our board,” said mPhase CEO Anshu Bhatnagar. “He has deep knowledge of the Oil & Gas and Utilities sectors – both of which are important to our future as an EV charging business. These groups will be most impacted by the move to EV. , so his knowledge will be beneficial as we work to make our mPower ecosystem a bridge to that future. We plan to have James lead our audit committee to give our potential clients and customers even more confidence. greater in our ability to become a strong long-term partner.

“This is an exciting and anxious time for many companies facing the transition to electric vehicles, which is expected to experience a historic tipping point in the coming years,” said board member James Engler, Jr. . “I have spent nearly two decades participating in businesses in different segments of energy generation and consumption, so I have a unique operational and historical perspective on the accounting and regulatory requirements necessary for success in the energy industry. I believe the mPower ecosystem can play an important role in helping businesses and consumers adapt to an EV lifestyle that will be fundamentally different from what we know today. to work with my fellow board members to be part of this exciting future.

On mPhase Technologies

mPhase is an emerging electric vehicle-centric technology company focused on consumer engagement using data analytics and artificial intelligence to create a monetizable connection between consumers and retailers at opportunistic times and places. . The Company is currently building a connected ecosystem of electric vehicle charging, 5G internet connectivity and software solutions that optimize consumer engagement under a SaaS/TaaS model, complemented by an ESG-compliant marketplace which encourages environmentally friendly actions. Marked under mPower name, this ecosystem will empower the way people shop, dine, refuel and interact with the world to create a richer life experience. the mPower The ecosystem is tailored to everyone’s tastes and needs, with a particular focus on empowering the green consumer of tomorrow. mPhase also has data-driven business units generating recurring revenue outside of its consumer ecosystem, in addition to legacy nanobattery technology and a related patent portfolio that are slated for future development. Additional information is available on the mPhase website, www.mphasetech.com; and at www.mpower.co. Please follow us on Twitter: @mPhase_Tech for the latest updates.

Safe Harbor Statement

This press release contains certain forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements are identified by the use of the words “may”, “believe”, “anticipate”, “have intends”, “estimates”, “expects”, “may”, “will”, “predict”, “potential”, “projects” and similar expressions intended to identify forward-looking statements. All forward-looking statements speak only as of the date of this press release. You should not place undue reliance on these forward-looking statements. Although we believe that our plans, objectives, expectations and intentions reflected or implied by the forward-looking statements are reasonable, we cannot guarantee that these plans, objectives, expectations or intentions will be achieved. Forward-looking statements involve significant risks and uncertainties (some of which are beyond our control) and assumptions that could cause actual results to differ materially from historical experience and current expectations or projections. Actual results will differ materially from those indicated in the forward-looking statements and the market price of our common stock may fluctuate significantly. Forward-looking statements are also affected by the risk factors described in the Company’s filings with the United States Securities and Exchange Commission. Except as required by law, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unforeseen events. events.

Investor contacts:
ir@mphasetech.com

Contact Investor
Brian M. Prenoveau, CFA
MZ Group – MZ North America
561-489-5315
XDSL@mzgroup.us
www.mzgroup.us

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