SOURCE: Market Pulse

July 20, 2005 08:30 ET

Market Pulse Breaking News Alert for Wednesday, July 20, 2005: TLPE - TelePlus Closes Over $40 Million in Financing!

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

ATLANTA, GA -- (MARKET WIRE) -- July 20, 2005 -- Market Pulse News Alert for this AM, Stocks to Watch are: TelePlus Enterprises, Inc. (OTC BB: TLPE), Intel Corp. (NASDAQ: INTC), Apple Computer Inc. (NASDAQ: AAPL) and Google Inc. (NASDAQ: GOOG).

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 after Tuesday's bell announcing that it has closed a financing arrangement for over $40 Million! 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 announce that it has closed a financing arrangement with Cornell Capital Partners, LP ("Cornell") providing the Company access to over $40M in capital.

The new financing provides the company access up to $35M in financing based on the company's needs and subject to an effective registration statement. On closing the Company received an additional $5.625M under a fixed priced convertible note, which was used to pay outstanding debt and provide the Company with capital to complete recently announced acquisitions.

Marius Silvasan, CEO of TelePlus Enterprises, stated, "The new financing with Cornell is an important step for our Company as it provides us with the required capital to execute our business plan and take advantage of opportunities in the telecommunications market."

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/ir/teleplus. 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 Cornell

Established in January 2001, Cornell Capital Partners, LP has funded numerous companies listed on the OTCBB. Building on that solid foundation, Cornell has consummated transactions with AMEX and NASDAQ listed companies, and continues its success in international markets.

Stocks in the news and acting well as of late include: Intel Corp. (NASDAQ: INTC), Apple Computer Inc. (NASDAQ: AAPL) and Google Inc. (NASDAQ: GOOG).

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You should be aware that MP is often compensated for issuing analyses, recommendations or opinions concerning particular companies. Its opinion is therefore not unbiased and you should consider this factor when evaluating MP's statements regarding a company. MP has been compensated in free trading shares of common stock, available for public trading as follows: TelePlus Enterprises, Inc. compensation from a third party shareholder: three hundred twenty five thousand free trading shares of stock in TelePlus Enterprises, Inc., already delivered from a third party shareholder. To date, MP has sold three hundred twenty five thousand shares of stock in TelePlus Enterprises, Inc. for proceeds totaling ninety one thousand and five hundred dollars. MP's officers and directors reserve the right to buy additional shares of the companies discussed in this opinion and may profit in the event those shares rise in value. When MP receives free trading shares as compensation for a profiled company, MP may sell part or all of any such shares during the period in which MP is performing such services. Market-Pulse.com and Market Pulse Breaking News Alert are owned by Market Pulse LLC.

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