MPHASE PROVIDES OPERATIONAL UPDATE INCLUDING CONTINUED GROWTH IN LEARNING TRACK BUSINESS

Gaithersburg, MD, Oct. 13, 2020 (GLOBE NEWSWIRE) — mPhase Technologies, Inc. (OTCQB: XDSL) (“mPhase” or the “Company”) is providing the following update on new technology and business improvements at its Learning Track division. As a reminder, in 2019 Learning Track introduced a Learning Management System (“LMS”) platform that has enabled mPhase to become one of the fastest growing public companies in the LMS space and has contributed a majority of Company revenue to date, accounting for a quarterly revenue increase from $2.5 million in Q4 2019 to approximately $7.6 million in Q3 2020, which also marked the first profitable quarter in Company history. mPhase has guided to over $30 million in trailing-twelve-month revenue for fiscal year 2020.

The Company spent the last few quarters developing additional technology that it believes will increase the attractiveness of the Learning Track platform. New and upcoming enhancements include:

  • An updated User Interface (“UI”), which
Read More

South Africa Restores Free Visa for Countries Including U.S.

(Bloomberg) —



a group of people with luggage at an airport: Passengers queue at the check-in desks inside the departures hall at O.R. Tambo International Airport in Johannesburg, South Africa, on Friday, Feb. 28, 2020. Health experts have voiced concerns over the possible spread of the coronavirus in African nations that may be ill-equipped to handle such a crisis.


© Bloomberg
Passengers queue at the check-in desks inside the departures hall at O.R. Tambo International Airport in Johannesburg, South Africa, on Friday, Feb. 28, 2020. Health experts have voiced concerns over the possible spread of the coronavirus in African nations that may be ill-equipped to handle such a crisis.

South Africa has reinstated free visas for travelers from countries including the U.S. after suspending them in March as part of a strict lockdown to curb the coronavirus.

Visas will again be available to visitors from France, Germany, Portugal, Spain, Italy, South Korea, Hong Kong, Iran and the U.S., the Ministry of Home Affairs said in a statement on Sunday. International travelers will need to present a negative Covid-19 test result that’s no more than 72 hours old or face a mandatory 10-day quarantine, the government said.

The exemptions, coming just days after the reopening of borders to

Read More