MONTREAL, May 3, 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, today announced that its subsidiary TelePlus Retail Services, Inc. ("TelePlus Retail") is expanding its distribution of VoIP products to more stores. In a news release dated November 5th, 2004, TelePlus announced an agreement to distribute in select locations the TeliPhone(tm) products. Following a successful introduction in select locations, TelePlus will expand distribution of the TeliPhone(tm) products to additional stores and kiosks currently supported by the TeliPhone(tm) geographic coverage area.
With the decision of expanding distribution of the TeliPhone(tm) products, TelePlus Retail will also introduce additional, alternate VoIP products in select locations as it continues to offer Canadian consumers a range of current and emerging communication technology offerings.
"The increased presence of VoIP products in our stores is part of our intent to capitalize on the rising customer demand for the product while continuing to position ourselves as a destination of choice for wireless and telecommunication products," stated company President & COO Kelly McLaren.
Investors are asked to e-mail all questions and correspondence to TLPE@agoracom.com where they can also request to be added 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.