MONTREAL, Feb. 17, 2005 (PRIMEZONE) -- TelePlus Enterprises, Inc. (OTCBB:TLPE) (http://www.teleplus.ca), which owns 39 TelePlus branded stores, and operates a U.S. virtual wireless network selling branded wireless products and a reseller of landline and long distance services, is pleased to announce that TelePlus President, Marius Silvasan, has given an interview to further discuss the company's recent developments and their significance on the company's overall strategy.
Highlights of the interview are as follows:
-- Latest two (2) acquisitions, which closing is expected within
the next 150 days, are to increase annual revenues by $14.5M and
EBITDA by over $1.9M
-- Key Vendor Partnership with ATT Network in the U.S. supporting the
TelePlus branded Wireless Network
-- Strong Management with over 30 Years experience in sales,
finance and operations in growth industries throughout North and
Latin America
The interview is in an audio format and can be accessed through the Wall Street Reporter Website (www.wallstreetreporter.com) or by clicking on the following link:
http://www.wallstreetreporter.com/profiles/TELEPLUSENTERPRISESINC.html
This press release is available on the company's official on-line investor relations site for investor commentary, feedback and questions. Investors are asked to visit http://www.agoracom.com and view the TelePlus Investor Relations Hub. Alternatively, investors are asked to e-mail all questions and correspondence to TLPE@agoracom.com where they can also request addition to the TelePlus investor e-mail list to receive all future press releases and updates directly.
About TelePlus http://www.teleplus.ca
TelePlus Enterprises, Inc. ("TelePlus") through its three wholly owned subsidiaries is a leader in innovative wireless technology solutions. TelePlus Retail Services, Inc. owns and operates 39 TelePlus branded stores in major shopping malls selling a variety of wireless and portable communication devices. The company's product lines include wireless handsets and services from major Canadian carriers, international phones, satellites, home phones and other mobile electronic devices including an exclusive line of international GSM world phones. TelePlus Wireless, Corp. operates a virtual wireless network selling its branded wireless products to distributors in select U.S. cities and 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.