mPower Technologies Inc., the consumer products division of mPhase Technologies, Inc. (OTC: XDSL), said it has logged increased profit margins for the mPower Jump It, and has increased the production levels to meet the demand of large retailers.
The company said its 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.
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.
mPhase Technologies is a 2013 Frost and Sullivan recipient for the North American Advanced Battery Technology Innovation Award. Its website is at http://www.mPhaseTech.com.