SOURCE: TelePlus Enterprises, Inc.

November 17, 2005 05:00 ET

TelePlus Appoints Telecom Expert Tom Davis as Its New Chief Operating Officer (COO)

MONTREAL -- (MARKET WIRE) -- November 17, 2005 -- TelePlus Enterprises, Inc. (OTC BB: TLPE) (Frankfurt: YT3) ( is pleased to announce the appointment of Tom Davis as its new COO effective immediately. Mr. Davis succeeds Ms. Kelly McLaren who held the position of President and COO since November last year. Ms. McLaren remains President of the Company. Mr. Davis will report to our CEO & Chairman, Marius Silvasan, and shall oversee the Company's operations. At the same time, Mr. Davis will also join the Company's Board of Directors.

Prior to joining TelePlus Mr. Davis served as President and CEO of Telizon Inc. from December, 2002 until its acquisition by TelePlus in July 2005. Prior, Mr. Davis was the Senior Vice President of Customer Operations at Axxent Inc., a Competitive Local Exchange Carrier (CLEC). In his 30 years tenure in the telecommunication industry Mr. Davis also held several senior management and consulting roles; AT&T Canada (consulting), Cam-Net Communications (President and COO) and ACC Long Distance (President and CEO). Mr. Davis graduated from the Wharton School of Business, University of Pennsylvania with a Bachelor of Science in Economics.

Marius Silvasan, CEO of TelePlus, stated, "We are very excited to have Tom join us as our COO. His over 30-year track record in the telecommunication industry speaks for itself. Recently, Tom successfully ran Telizon as its President and CEO. Under his watch the Company grew by 35.5% and increased its profitability by over $1.04M per annum. Telizon is not only the largest acquisition we've made but also operates the backbone system which we now use throughout our Company. Tom will work closely with Kelly (our President) and Robert (our CFO) to ensure the long term success and profitability of TelePlus."

This press release is available on the TelePlus' Investor Relations site for investor questions, commentary and feedback. Investors are asked to visit and select the TelePlus Investor Relations HUB. Alternatively, investors can e-mail their questions or comments directly to or asked to be placed on the TelePlus investor e-mail list to receive all future press releases directly.

About TelePlus

TelePlus Enterprises, Inc. ("TelePlus") is a provider of Wireless and Telecom products and services across North America. TelePlus Connect, Corp. -- is a reseller of a variety of Telecom services including landline, long distance and internet services. TelePlus Wireless, Corp. -- operates a virtual wireless network selling cellular network access to distributors in the United States. 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.

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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