SOURCE: Market Pulse

April 25, 2005 08:30 ET

Market Pulse Breaking News Alert for Monday, April 25, 2005: TLPE - TelePlus Provides Update to Investors on Recent Acquisitions!

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Market Pulse.

ATLANTA, GA -- (MARKET WIRE) -- April 25, 2005 -- Market Pulse News Alert for this AM, Stocks to Watch are: TelePlus Enterprises, Inc. (OTC BB: TLPE), Google Inc. (NASDAQ: GOOG), NeoMedia Technologies Inc. (OTC BB: NEOM), and Bearingpoint Inc. (NYSE: BE).

Investors need to be watching TelePlus Enterprises, Inc. (OTC BB: TLPE) this AM! 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. TLPE has had several excellent news announcements out lately and one again before today's opening bell regarding an update on their recent acquisitions! Investors should be watching this one closely!

TelePlus Enterprises, Inc. (OTC BB: TLPE) (http://www.teleplus.ca), a vertically integrated provider of wireless and landline communications products and services across North America, is pleased to provide investors with a comprehensive update on TelePlus' recently announced acquisitions.

OVERVIEW OF ACQUISITION STRATEGY

Since last December, TelePlus has signed and executed definitive agreements with 5 companies (Keda Consulting, Inc., Freedom Phone Lines, Telizon Inc., Canada Reconnect, Inc., and Avenue Reconnect, Inc.).

The acquisition of these companies has facilitated the creation of TelePlus Connect, a prepaid landline and long distance service department. As a result of their experience in this Industry, Keda Consulting was retained to manage the TelePlus Connect division The TelePlus Connect business plan anticipates that the Company will generate $112M in revenue and $28M in EBITDA over the next 60 months. As compensation, Keda Consulting will be compensated on an "earn-out" schedule based on the achievement by TelePlus Connect of specific EBITDA benchmarks during the next 48 months.

The acquired companies provide local, long distance and Internet prepaid services primarily to residential customers (except for Telizon which provides services to business users) across Canada. Total number of combined users of the target companies exceeds 29,300.

Freedom's acquisition was closed on April 1st, 2005. All other acquisitions are anticipated to close within 150 days subject to TelePlus satisfying its due diligence requirements and obtaining necessary financing

POSITIVE IMPACT ON FINANCIAL STATEMENTS

Upon closure of all transactions the acquired companies will increase TelePlus' revenues by an estimated $21M and contribute in excess of $3.2M to earnings (before taxes). All target companies are to be rolled in TelePlus Connect and key management retained on a go forward basis.

The following table summarizes the anticipated financial impact of the acquisitions on TelePlus' performance.

                                      2004 Full      Pro forma after
                                     Year Results     Acquisitions*
                                     ------------     ------------
Revenues                             $ 12,180,501     $ 12,180,501
Addition to run rate                                  $  4,000,000
Freedom                                               $  2,500,000
Telizon                                               $ 12,000,000
Canada Reconnect                                      $  5,400,000
Avenue                                                $  1,100,000
                                     ------------     ------------

Total Revenues                       $ 12,180,501     $ 37,180,501
                                     ============     ============

Income (Loss) before interest,
 taxes, depreciation & amortization
 per 2004 full year results              (677,295)        (677,295)

Freedom                                                    300,000
Telizon                                                  1,600,000
Canada Reconnect                                         1,000,000
Avenue                                                     200,000
                                     ------------     ------------
Total Income (Loss) before interest,
 taxes, depreciation & amortization      (677,295)       2,422,705


Less: Depreciation, Amortization,
 Interest                                 396,675          500,000
                                     ------------     ------------

Net Income (Loss) before Taxes       $ (1,073,970)    $  1,922,705
                                     ============     ============

Income taxes (recovery)                        -0-              -0-

Net Income (Loss)                    $ (1,073,970)    $  1,922,705
                                     ------------     ------------
"We are presented with the opportunity to expedite our business plan by 18 months and we intend to take it. Our focus now turns towards the successful completion of all acquisitions and post closing integration. The acquisition of Keda (now TelePlus Connect) and Freedom were successfully completed," stated TelePlus CEO Marius Silvasan. "I have full confidence in TelePlus Connect's management team which counts over 40 years experience in Telecommunications with a specialty in acquisition and integration. We intend to continue growing organically our other businesses during the consolidation of the target companies," added Silvasan.

* Pro forma results can vary and are subject to various conditions such as but not limited to (a) market conditions, (b) competitive landscape, (c) closing of all acquisitions (no assurances at this time can be given that all acquisitions will be completed), (d) maintaining current revenue run rate and earnings post closing of the target companies, (e) TelePlus satisfying its due diligence requirements and (f) TelePlus obtaining required financing.

(1USD = 1.22CDN)

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.

Stocks acting well as of late include: Google Inc. (NASDAQ: GOOG), NeoMedia Technologies Inc. (OTC BB: NEOM), and Bearingpoint Inc. (NYSE: BE).

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