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 Date:   Thursday December 4, 125

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DISCLAIMER

WrightStock is not a Registered Investment Advisor or a Broker / Dealer. This profile was compiled from information provided by Mphase Tech (the "Company") website and Company Press Releases. Readers are advised that this information is issued solely for information purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy. The opinions and analysis included herein are based on sources believed to be reliable and in good faith but no representation or warranty, expressed or implied, is made as to their accuracy, completeness or correctness. This information is not intended to be used as the sole basis of any investment decisions, nor should it be construed as advice designed to meet the investment needs of any particular investor. The foregoing discussion contains forward-looking statements which are based on current expectations and differences can be expected. The information contained herein is for information purposes only; in addition, the information contained in this report is not intended to be a complete discussion of information regarding some of the current and/or intended business activities of the Company.

Readers are urged to consult with independent financial advisors with respect to an investment in the shares mentioned herein. Investors should review a complete information package on MPhase Tech which should include, but not be limited to, the Company's annual report, quarterly report, press releases, as well as all regulatory filings where applicable.

All information contained in this report should be independently verified with the Company mentioned herein. Any opinions expressed in this report are statements of judgment as of the date of publication and are subject to change without further notice, and may not necessarily be reprinted in future publications or elsewhere. Neither WrightStock nor its officers, directors, partners or employees/consultants accept any liability whatsoever for any direct or consequential loss arising from any use of this report or its contents.

In order to be in full compliance with the Securities Act of 1933, Section 17(b), WrightStock advises the readers of this document that it has  received no compensation of any form for its efforts in researching, writing, presenting and disseminating the information contained herein.

Rod Wright (Owner) does hold an open market position of 200 shares at the time this article was written (3/26/00).

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