MONTREAL, March 24, 2005 (PRIMEZONE) -- TelePlus Enterprises, Inc. (OTCBB:TLPE) (http://www.teleplus.ca), a vertically integrated provider of wireless and landline communications products and services across North America, is pleased to announce the opening of its first stores in Quebec City, Quebec and Edmonton, Alberta.
The Company intends to open 3 locations in Quebec City -- Galerie de la Capital, Fleur de Lys and Place Laurier -- all set to open in the coming months. Quebec City, located only a few hours drive from the TelePlus Montreal headquarters, offers both a solid urban centre and a significant tourist trade making it another strong location for TelePlus retail outlets.
Additionally, TelePlus has secured a prime location in the West Edmonton Mall, launching the Company's much anticipated expansion into the Alberta marketplace. As the world's largest entertainment and shopping centre, West Edmonton Mall has 'must see' status in the region and is a key location for TelePlus. TelePlus is actively seeking additional locations in Alberta to further expand its position in Western Canada.
All locations will adopt the Company's new store design unveiled earlier this year. Once opened, these locations will bring the total number of TelePlus stores to 43.
President and Chief Operating Officer Kelly McLaren is extremely enthusiastic about the latest additions to the national retail operations: "Following the tremendous growth of 2004, this latest expansion continues our focus on building the TelePlus banner across Canada. The expansion to Quebec City solidifies our footprint in Eastern Canada and builds upon our already existing strength in the Montreal region. I am particularly excited with our expansion into Alberta; this move makes it clear to our customers and our growing number of carrier partners that the TelePlus strategy is to offer a wide range of high quality products and services in all key retail markets across Canada."
This press release is available on the TelePlus' Investor Relation's site for investor questions, commentary and feedback. Investors are asked to visit http://www.agoracom.com and select the TelePlus Investor Relations HUB. Alternatively, investors can e-mail their questions or comments directly to TLPE@agoracom.com or asked to be placed on the TelePlus investor e-mail list to receive all future press releases directly.
About TelePlus http://www.teleplus.ca
TelePlus Enterprises, Inc. ("TelePlus") is a vertically integrated provider of wireless and landline products and services across North America. The Company's retail division -- TelePlus Retail Services, Inc. -- owns and operates a national chain of TelePlus branded stores in major shopping malls, selling a comprehensive line of wireless and portable communication devices. TelePlus Wireless, Corp. operates a virtual wireless network selling cellular network access to distributors in the United States. TelePlus Connect, Corp. is a reseller of landline and long distance services including internet services.
The statements which are not historical facts contained in this press release are forward-looking statements that involve certain risks and uncertainties, including but not limited to risks associated with the uncertainty of future financial results, additional financing requirements, development and acquisition of new product lines and services, government approval processes, the impact of competitive products or pricing a technological changes, the effect of economic conditions and other uncertainties, and the risk factors set forth from time to time in the Company's SEC reports, including but not limited to its annual report on Form 10-KSB; its quarterly reports on Forms 10-QSB; and any reports on Form 8-K. TelePlus Enterprises, Inc. takes no obligation to update or correct forward-looking statements.