OTCPicks.com Stocks to Watch for Monday, December 8th XDSL, EDEN

Our Stocks to Watch tomorrow include mPhase Technologies Inc. (OTCBB: XDSL) and Eden Bioscience Corporation (Nasdaq: EDEN).

MPHASE TECHNOLOGIES (OTCBB: XDSL)

"Up 175.86% on Friday"

mPhase Technologies, Inc., through its wholly owned subsidiary AlwaysReady, Inc., is focused on developing and commercializing a new battery technology based on a well-patented phenomenon known as electrowetting, which provides a unique way to store energy and manage power that will revolutionize the battery industry.

XDSL News:

December 4 - mPhase to Announce Critical Partnership

mPhase Technologies, Inc. (OTCBB: XDSL) is preparing to announce a critical partnership with a major industrial design company very shortly. The partnership will provide mPhase with a potential distribution channel for the AlwaysReady Emergency Flashlight. mPhase and the soon to be named partner will also collaborate on the flashlight design to ensure a functional casing with an attractive and sleek physical appearance. mPhase has been in negotiations since September with the soon to be named partner.

In addition to the physical design of the product, the partnership will also aide the marketing and exposure of the AlwaysReady Emergency Flashlight. The partner company will utilize their established and respected worldwide branding to drive exposure and awareness of this unique product. In light of the partnership, mPhase expects that significant domestic and international sales will be realized very soon after the initial product offering.

"We are extremely pleased to be entering into a partnership with such a prestigious and respected company as we commercialize the mPhase lithium reserve battery," said mPhase CEO Ron Durando. "We have reached a preliminary agreement and are excited to release more complete details once all the paperwork is filed."

mPhase expects to finalize and officially announce the partnership no later than December 15, 2008. Once the agreement is finalized, the collaboration effort will begin immediately. Substantial progress in the commercializing of the AlwaysReady Emergency Flashlight is expected within the first month of the partnership.

EDEN BIOSCIENCE CORPORATION (NASDAQ: EDEN)

"Up 76.68% on Friday"

Eden Bioscience Corporation sells harpin protein-based products to the home and garden markets in the United States. The company offers Messenger, Messenger Seed Treatment, and MightyPlant with Messenger Gold products for the protection of plants and seeds, and the promotion of plant health. Its products help plants to grow through stress and improve plants' uptake of nutrients. Eden Bioscience sells its products through independent distributors and retailers. The company was founded in 1994 and is based in Woodinville, Washington.

EDEN News:

December 5 - Eden Bioscience Announces Board of Directors' Approval of Plan of Dissolution and Liquidation

Eden Bioscience Corporation (Nasdaq: EDEN) announced that its Board of Directors determined, in its best business judgment after consideration of available strategic options, that it is in the best interests of the Company and its shareholders to liquidate the Company's assets and to dissolve the Company. The Company's Board of Directors approved a plan of dissolution and liquidation of the Company (the "Plan"), subject to shareholder approval. The Company intends to hold a special meeting of shareholders to seek approval of the Plan and will file related proxy materials with the Securities and Exchange Commission in the near future.

The Plan contemplates an orderly wind down of the Company's business and operations. If the Company's shareholders approve the Plan, the Company intends to file articles of dissolution, sell or otherwise dispose of its non-cash assets, satisfy or settle its remaining liabilities and obligations, including contingent liabilities and claims, and make one or more distributions to its shareholders of cash available for distribution, subject to applicable legal requirements. Following shareholder approval of the Plan and the filing of articles of dissolution, the Company would delist its common stock from NASDAQ.

In February 2007, the Company completed the sale of its proprietary harpin protein technology and substantially all of the assets related to its worldwide agricultural and horticultural markets to Plant Health Care, Inc. Since that sale, the Company's business strategy has been to use any revenue generated by its home and garden business to support the Company's continued operations while it explored whether there may be opportunities to realize potential value from the Company's remaining business assets, primarily its tax loss carryforwards. Despite its significant efforts, the Company has been unable to identify an acceptable transaction that would enable it to implement this utilization strategy. At the same time, the Company has continued to incur net losses in its home and garden business. Given these and other circumstances, the Company's Board of Directors, after careful evaluation of strategic alternatives available with respect to the Company's future operations, concluded that the distribution of the Company's assets in liquidation was in the best interests of the Company and its shareholders when compared to other alternatives.

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Forward-Looking Statement: This press release includes "forward-looking statements" within the meaning of the federal securities laws, commonly identified by such terms as "believes," "looking ahead," "anticipates," "estimates" and other terms with similar meaning. Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can give no assurance that these assumptions will prove to be correct. Important factors that could cause actual results to differ materially from the Company's projections and expectations are disclosed in the Company's filings with the Securities and Exchange Commission. All forward-looking statements in this press release are expressly qualified by such cautionary statements and by reference to the underlying assumptions.

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