MONTREAL, May 23, 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 today its subsidiary, TelePlus Wireless Corp. ("TelePlus Wireless"), operating the Company's Mobile Virtual Network ("MVNO"), signed licensing agreements (the "Agreements") with E-Mobile group of Companies, LLC ("E-Mobile") from Dallas, Texas and Skynet PCS ("Skynet"), from Milwaukee, Wisconsin.
According to the Agreements, TelePlus Wireless has agreed to sell to E-Mobile and Skynet its wireless handsets equipped with the TelePlus Billing Control System. TelePlus' Billing Control System allows the monitoring in real-time basis of wireless minutes used on handsets equipped with the said software.
E-Mobile and Skynet collectively anticipate purchasing in excess of 60,000 TelePlus handsets per year resulting in annualized revenues of over $4M for TelePlus. Initial orders have already been delivered.
"Our U.S. wireless program continues to grow with this mutually beneficial agreement with E-Mobile and Skynet," stated Marius Silvasan, CEO of TelePlus Enterprises. "It provides us with extended distribution while providing E-Mobile and Skynet a product that allows them to increase their competitiveness in the market while mitigating their credit risk associated in providing services to the credit challenged segment."
Listen to TelePlus' CEO latest interview given to CEOCast where Mr. Silvasan discusses TelePlus' prepaid wireless business including latest developments and opportunities: http://www.ceocast.com/
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.
About E-Mobile
E-Mobile is a reseller of wireless products and services including accessories since 1991.
E-mobile supplies its products and services to over a 1,000 retailers across the Southwest and services thousands of customers.
About Skynet
Skynet operates a Mobile Virtual Network ("MVNO") selling its services to over 500 retail outlets including 16 corporately owned location in the Midwest.
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.