POMPANO BEACH, Fla., May 18, 2006 (PRIMEZONE) -- StockMarketNewsAlert.com issues trade alert for TelePlus Enterprises, Inc. (OTCBB:TLPE) (Frankfurt:YT3) (http://www.teleplus.ca). According to M. D'Alonzo at First Equity Group, Inc., the company announced that its fully owned subsidiary, TelePlus Wireless, Corp., has entered into an affiliate agreement ("affiliate agreement") and an international long distance agreement ("long distance agreement") with MobileSphere. The agreements were signed at the 2006 MVNO Summit currently being held in Las Vegas, NV. The affiliate agreement will provide TelePlus' wireless brand, Liberty Wireless, access to MobileSphere's partnership with over 20 U.S. universities. MobileSphere's MobileU (www.mobile-u.net) enables colleges and universities to provision and market multiple student communications services, including highly cost-effective domestic and international long distance, prepaid mobile phone services, free domestic text messaging, international text messaging and mobile media services. With this new agreement, Liberty Wireless will become a preferred wireless telecommunications provider for MobileU(tm) and get access to its extensive customer base. MobileU(tm) is currently available to more than 20 major universities, including a number of Ivy League schools and large state institutions. The no contract, no commitment "pay as you go" service is attractive to students and others across the country.
"This agreement enables Liberty Wireless to target one of its core niches," said Kelly McLaren, President of TelePlus. "Students represent a large segment of the unbanked market. Liberty Wireless is an appealing service as it offers them the cost-control benefits of prepaid service while granting them such benefits as unlimited nights and weekends and free nationwide long distance and roaming," added McLaren. "From a student perspective, Liberty Wireless is a terrific product. It gives them the freedom to use their Liberty Wireless phone and call their family and friends back home, anywhere in the U.S., without incurring any long distance or roaming charges," commented McLaren. Gavin Macomber, Executive Vice President of Marketing for MobileSphere, commented, "We look forward to marketing Liberty Wireless services through MobileSphere's extensive university partnerships."
The long distance agreement provides Liberty Wireless customers with integrated bundles for deeply discounted international calling rates. "We are pleased to have been selected by Liberty Wireless to provide its subscribers with low-cost international long distance," commented Macomber. This new value-added service will also feature a real-time call record interface so customers can monitor their international calling bundles from mymobileaccount.com, Liberty Wireless' web-based customer portal. "This feature taps right into our target audience, especially international students and recent immigrants, who don't have established credit but desire a competitive and flexible wireless service that gives them the freedom to place inexpensive international calls, and Liberty Wireless is now in a position to offer them a true alternative," noted McLaren.
About TelePlus (OTCBB:TLPE) (http://www.TelePlus.ca)
TelePlus Enterprises, Inc. ("TelePlus") is a diversified North American telecommunications company with offices in Miami, Florida; Montreal, Quebec; and Barrie, Ontario. TelePlus was founded in 1999 and it has since become a leading provider of wireless and telecommunications products and services across the U.S.A. and Canada. In October 2003, TelePlus became a publicly traded Company on the OTCBB under the symbol TLPE and since then it has continued to grow organically and through strategic acquisitions. The company's wholly-owned subsidiaries include TelePlus Wireless, Corp. which operates a virtual wireless network selling cellular network access to consumers and distributors in the United States under the "Liberty Wireless" brand and TelePlus Connect, Corp. which resells landline, long distance and Internet services in Canada under the "Telizon," "Freedom" and "Avenue" brands.
About MobileSphere
Headquartered in Boston, Massachusetts, MobileSphere has been a leading provider of global wireless communications solutions since 2001. Utilizing its patent-pending softswitch technology, coupled with its global Tier 1 network, MobileSphere provides its customers with innovative, highly competitive, market-proven solutions. Serving customers worldwide, the company uniquely focuses on the international long distance needs of mobile virtual network operators (MVNOs), wireless carriers, medium-to-large enterprises, universities and consumers. MobileSphere's services include CarrierILD(tm) for MVNOs, CellularLD(tm) for consumers and small businesses and MobileU(tm) for universities and educational institutions. MobileSphere is a member of the Association for Communications Technology Professionals in Higher Education (ACUTA). For more information, visit http://www.mobile-sphere.com
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 from 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.
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All material herein is information supplied by the company or other sources believed to be reliable. The information contained herein is not guaranteed by http://www.stockmarketnewsalert.com. First Equity Group has recently received compensation of sixteen thousand dollars and twenty two thousand dollars approximately six months ago from Teleplus Enterprises Inc. First Equity Group's affiliates, officers, directors, and employees may also have bought or may buy the shares discussed in this profile and may profit in the event those shares rise in value. First Equity Group does not and will not offer any opinion as to when others should sell; each investor must make that decision based on his or her judgment of the market.