MONTREAL, June 28, 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 that its subsidiary, TelePlus Connect Corp. ("TelePlus"), has reported that the integration of the newly completed acquisitions is proceeding as planned.
INTEGRATION PROCEEDING AS PLANNED
TelePlus Connect reported today that it has completed the integration of the Avenue Reconnect, Corp ("Avenue") billing system into the Operating Support System of Telizon ("Telizon OSS"). In addition to being the operating platform for Telizon, Telizon's OSS previously was used to support the local resell business of AT&T Canada. Telizon's OSS is fully integrated and allows for full financial and billing control, carrier billing reconciliation, customer care and provisioning. The anticipated closing of the Telizon acquisition by TelePlus would provide TelePlus ownership of Telizon's OSS which will be used to consolidate all of TelePlus' telecom operations.
POSITIVE IMPACT ON FINANCIAL PERFORMANCE
Avenue's integration into the Telizon OSS will increase efficiencies and decrease overage risk on the carrier bills which is anticipated to increase gross margins by 5% to 10% thus having a direct bottom line impact.
"The integration of our recent acquisitions is proceeding as planned and we are very pleased," stated TelePlus CEO Marius Silvasan. "We decided to proceed with the integration of Avenue's system into Telizon's OSS as we anticipate closure of the Telizon transaction shortly. The early integration will provide us with immediate economies of scale upon closure of this key acquisition," added Silvasan.
(1USD = 1.24CDN)
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") 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.