SOURCE: TelePlus Enterprises, Inc.

August 22, 2006 06:30 ET

TelePlus' Telecom Division Establishes Itself as a Leading Telecom Provider to Municipal Governments as It Signs Up 3 Additional Municipalities in August

Total Municipalities Serviced Now Reaches 35

MONTREAL -- (MARKET WIRE) -- August 22, 2006 -- TelePlus Enterprises, Inc. (OTCBB: TLPE) (FRANKFURT: YT3) (www.teleplus.ca) ("TelePlus" or the "Company") is pleased to announce that its wholly owned subsidiary, Telizon, Inc. (part of the Company's Telecom division) signed service agreements with the municipalities of Oro-Medonte, Minden Hills and Mulmur in Ontario, Canada as part of its strategic plan to cater to the growing needs of municipal governments' telecommunication requirements that include Centrex Lines, Unique Lines, long distance services and enhanced financial management capabilities through customized invoicing packages. Telizon secured these contracts with unsolicited proposals as it is becoming increasingly well known as a cost-effective, custom telecommunications solution provider to the municipal government and school board communities in the areas in which it operates.

"We are pleased to welcome the townships of Oro-Medonte, Minden Hills and Mulmur to TelePlus and offer them advanced telecommunication services. These types of contracts demonstrate that TelePlus has identified and sought yet another niche market and successfully penetrated such market," commented Tom Davis, TelePlus' COO.

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.

TelePlus Connect, Corp. http://www.telizon.biz

TelePlus Connect, Corp. resells landline, long distance and Internet service in Canada to consumers and businesses under the Telizon, Freedom and Liberty brands. The company has developed a niche market with municipal governments, servicing their telecommunication needs for reliable and affordable service. The company is based in Barrie, Ontario.

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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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