MONTREAL, May 10, 2005 (PRIMEZONE) -- TelePlus Enterprises, Inc. (OTCBB:TLPE) (http://www.teleplus.ca), a vertically integrated provider of wireless and land-line communications products and services across North America, today announced that its subsidiary TelePlus Connect, Corp. ("TelePlus Connect") has executed an agreement with Aliant Telecom Inc. to resell telecommunications services, including local, long distance and Internet services, in Eastern Canada.
"This agreement will allow TelePlus to expand its telecom prepaid services to Eastern Canada. This will provide us increased exposure while giving us access to additional markets," commented Edward Henry, Director of Operations for TelePlus Connect.
"We've been impressed with the performance of our TelePlus Connect subsidiary since the acquisition of Freedom over a month ago. April results, for that subsidiary, which we will announce later this month, indicate earnings (before depreciation and taxes) in excess of our original expectations," stated company CEO Marius Silvasan.
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.
About Aliant
From its home base in Atlantic Canada, Aliant delivers a wide variety of innovative and traditional communications services, including local and long distance telephony, wireless, Internet, e-commerce, interactive multimedia, data and managed network services, to more than two million consumers and over 80,000 enterprises. Aliant complements its industry-leading telecommunications business with strengths in information technology solutions and knowledge-services applications. Aliant's approximately 8,400 employees build on its 100-plus year history by collaborating to deliver the highest quality of customer service, choice and convenience. Aliant has a market capitalization of approximately $3.5 billion.
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.