MONTREAL, Sept. 21, 2005 (PRIMEZONE) -- TelePlus Enterprises, Inc. (OTCBB:TLPE) (http://www.teleplus.ca) is pleased to announce that its CEO & Chairman Marius Silvasan met with investors in London, Frankfurt and Munich. Mr. Silvasan recapped the Teleplus growth and acquisition strategy and discussed the significant opportunity that exists for the consolidation of smaller resellers in the North American market. This recap comes after having completed 4 acquisitions and implementing a state-of-the-art technology platform. The state-of-the-art Operating Support System which was acquired in the Telizon acquisition was formerly used to support the resell business of AT&T Canada. "This technology platform which is very scalable provides us with the necessary systems to support an aggressive acquisition strategy having supported in the AT&T time over 120,000 commercial lines," stated Marius Silvasan.
"European investors expressed a high degree of interest in TelePlus and our business model that targets 15% to 20% of the North American population of consumers that cannot access credit. This prepaid market segment is currently estimated at over $7 billion and is reported by many analysts to reach over $32 billion by 2008," stated Marius Silvasan, CEO of TelePlus Enterprises. "The European investors understand that wireless penetration is considerably higher in Europe and Asia, but catching up in North America. These investors have seen the Wireless and Telecom evolution in Europe and fully understand the opportunity that exists in North America," added Silvasan.
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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.