SOURCE: RedChip Companies

July 20, 2006 10:00 ET

RedChip Visibility Issues Research Initiation on TelePlus Enterprises, Inc.: (OTCBB: TLPE)

Price Target $0.90

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Aurelius Consulting Group.

ORLANDO, FL -- (MARKET WIRE) -- July 20, 2006 --RedChip Visibility, a division of RedChip Companies, announced today that they have initiatied research coverage on TelePlus Enterprises, Inc. (OTCBB: TLPE). RedChip initiated coverage of TelePlus Enterprises, Inc. with a "Speculative Buy" rating and a current price target of $0.90.

Leslie Richardson and Patrick Murphy, RedChip Research Analysts, and Level III CFA Candidates wrote in the report:

"The fundamental near-term operational objective for TLPE is straightforward in both the Liberty Wireless and TelePlus Connect segments -- acquire and retain customers. Although it will be critical to stay tuned to each quarter's performance, the early results are positive for the new TLPE model, and the opportunity before the company has never been more attractive. Given the Liberty Wireless historicals, the revenue figures provided by TLPE for the TelePlus Connect acquisitions, and the market opportunity, we believe the company's 2006 projection of $39 million in revenue is achievable, as is EBITDA of over $3 million -- annualizing the Q1 2006 results in $2.7 million in EBITDA, and Liberty Wireless alone reached $4.3 million in EBITDA two years ago."

To receive a complimentary copy of the RedChip Visibility initial research for TLPE, please visit: http://www.redchip.com/visibility/about.asp?page=requestTLPE.

About RedChip Visibility™

Research, a division of RedChip Companies Inc., writes fundamental research on small-cap companies. RedChip's success has been documented in Forbes, Barron's and the Wall Street Journal. RedChip Visibility™ provides small-cap companies access to both professional and individual small-cap investors by holding conferences throughout the United States, producing online corporate visibility programs, and writing company sponsored research.

RedChip Visibility Research Disclosure

Any opinions expressed herein are subject to change. RedChip Companies Inc. is an affi liate of the Aurelius Consulting Group, Inc. Teleplus Enterprises, Inc. is a client of the Aurelius Consulting Group, Inc. and of RedChip Visibility, a division of RedChip Companies. TLPE paid RedChip Visibility $32,500 for the RedChip Visibility Research Program, which includes this report. RedChip Visibility, a division of RedChip Companies, Inc., and the Aurelius Consulting Group Inc., in a joint marketing agreement, have been contracted by Teleplus Enterprises, Inc. to increase investor awareness of TLPE to the small-cap equity community. These services may include investor conferences and digital and print distribution of TLPE investor related materials. In the purview of Section 17(b) of the Securities Act of 1933 and in the interest of full disclosure, we call the reader's attention to the fact that the Aurelius Consulting Group is an investor relations firm hired by the Company and receives a monthly fee of $8,500 and an amount equal to $6,500 of Rule 144 stock per month.

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