SOURCE: TelePlus Enterprises, Inc.

August 02, 2006 12:00 ET

TelePlus' Management Discusses Recent Acquisition of Maximo Impact and the Imminent Nationwide Launch of MX Mobile

MONTREAL -- (MARKET WIRE) -- August 2, 2006 -- TelePlus Enterprises, Inc. (OTCBB: TLPE) (FRANKFURT: YT3) (www.teleplus.ca) ("TelePlus" or the "Company") is pleased to announce that its CEO, Marius Silvasan and TelePlus' subsidiary, Maximo Impact, Inc's President, Rich Stupansky were interviewed by the Wall Street Reporter. Both Silvasan and Stupansky discussed TelePlus' two distinct MVNO brands, Liberty Wireless and MX Mobile and explained how the Company intends to leverage the synergies between these brands.

"Whereas both Liberty Wireless and MX Mobile target the underserved unbanked consumers, we've positioned Liberty Wireless to go after customers with a higher ARPU (Average Revenue Per User), mainly available online and MX Mobile, servicing customers wishing a pay-as-you-go offer, widely available at large retailers, convenience stores and other points of distribution," commented Silvasan. Stupansky added, "Prepaid wireless is the fastest growing segment in wireless telecommunications today and both Liberty Wireless and MX Mobile are very well positioned to significantly grow their customer bases and take full advantage of the incredible growth this industry will witness within the next few years"

The full interview can be accessed at: http://www.wallstreetreporter.com/profile.php?id=19357#

About TelePlus Enterprises, Inc. (OTCBB: TLPE) http://www.teleplus.ca

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 www.libertywireless.com, www.vivaliberty.com, www.maximoimpact.com and www.telizon.biz among others.

About TelePlus Wireless, Corp. http://www.telepluswireless.com

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 subsidiary is based in Miami, Florida.

About Maximo Impact, Corp. http://www.maximoimpact.com

Maximo Impact, Corp specializes in marketing and distribution as an MVNO (Mobile Virtual Network Operator) in the US and resells pay-as-you go wireless service under the MX Mobile brand to mass merchandisers, general retailers and c-channel retailers calling on convenience stores and gas stations. The subsidiary is based in Cleveland, Ohio.

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.

To view the RedChip™ Visibility Research Report, please visit: http://www.redchip.com/visibility/researchPages/ClientInfo/_default.asp?symbol=TLPE

To view the most recent video interview with CEO, please visit: http://www.teleplus.ca/download/18teleplus.wmv

To view the Wall Street Research Report & Analyst Interview, please visit

Interview: http://www.teleplus.ca/download/TLPEAnalyst.wmv

Report: http://www.wallstreetresearch.org/reports/tlpe.htm

To view our most recent Investology research report, please visit http://www.teleplus.ca/download/TLPEUPDATE17April06-Final.pdf

Listen to our Q1 webcast at: http://www.newswire.ca/en/webcast/viewEvent.cgi?eventID=1453540

To view the CEO interview on the floor of the AMEX, please visit http://www.teleplus.ca/download/TLPE.wmv

To view the most recent trader's report on TelePlus, please visit http://www.teleplus.ca/download/TLPEtrader.wmv

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