SOURCE: TelePlus Enterprises, Inc.

October 16, 2006 06:30 ET

TelePlus Appoints Darrell W. Gehrt as Vice President - Sales and Marketing for Its Liberty Wireless Brand

MONTREAL -- (MARKET WIRE) -- October 16, 2006 -- TelePlus Enterprises, Inc. (OTCBB: TLPE) (FRANKFURT: YT3) ( ("TelePlus" or the "Company") is pleased to announce that its wholly owned subsidiary, TelePlus Wireless, Corp., has appointed Mr. Darrell W. Gehrt as its Vice President, Sales and Marketing for its Liberty Wireless brand. Mr. Gehrt will work with the current sales and marketing team to increase sales channels for Liberty Wireless. Mr. Gehrt's mandate includes the development of new strategic relationships with key vendors and affiliates and growth of current sales channels. In this role, he will be supported by the marketing and business development team at TelePlus, which includes previously appointed Johnny Tsokos, Director of Marketing and Ashoka Ganesan and Matthew Eisenberg, Manager of Business Development MVNO Sales.

Prior to joining TelePlus, Mr. Gehrt worked for TARGUS Information, Corp. ("TARGUS info"), from 2001 to 2006 where he held the positions of National Sales Director and Vice President of Government Solutions. TARGUS info is a real-time intelligence company providing its services to Fortune 500 companies and government agencies that interact with consumers including a heavy emphasis in the telecom and internet sectors. During his five and a half year tenure at TARGUS info, Mr. Gehrt personally implemented various sales initiatives and managed several of the early stage and explosive growth business units for TARGUS info. Prior to joining TARGUS info, Mr. Gehrt co-founded The Service Source, LLC, where he led the sales organization including launching several sales offices and a telemarketing operation. In addition, he also has extensive experience in wireless and telecom having held various sales and management positions for One Touch Communications, Cellular Plus and Cellular Images.

"On behalf of TelePlus, I'd like to welcome Darrell to the team and am confident in his abilities to deliver outstanding growth. Darrell's solid experience in sales and marketing at TARGUS info and strong work ethic made him the right candidate for this position and a key addition to our team," commented TelePlus' CEO, Marius Silvasan.

Gehrt added, "I'm extremely eager to hit the ground running at TelePlus. The Liberty wireless platform is uniquely positioned for exceptional growth and I'm excited to start making contributions to our team and shareholders. I also have been impressed how the team has embraced me and now it is time to get to work."

About TelePlus Enterprises, Inc. (OTCBB: TLPE)

TelePlus Enterprises, Inc. ("TelePlus") is a diversified North American telecommunications company with offices in Miami, Florida; Cleveland, Ohio; 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 prepaid MVNO (Mobile Virtual Network Operator) under the Liberty Wireless brand; Maximo Impact, Corp. which operates a pay-as-you-go MVNO under the MX Mobile brand and TelePlus Connect, Corp. which resells landline, long distance and internet services under the Telizon, Freedom and Liberty brands. The company's websites include,, and among others.

About TelePlus Wireless, Corp.

TelePlus Wireless, Corp. operates a MVNO (Mobile Virtual Network Operator) in the US under the popular Liberty Wireless brand. Under TelePlus' arrangement with Sprint®, Liberty Wireless customers have access to service anywhere on the Nationwide Sprint PCS Network, reaching more than 250 million people. Mainly servicing unbanked consumers -- estimated to represent between 10% to 20% of the US population -- TelePlus resells prepaid wireless service to distributors and consumers out of its 65,000 points of distribution network. Analysts expect prepaid wireless to represent a $32 billion industry by 2008. The company is based in Miami, Florida.

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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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