SOURCE: TelePlus Enterprises, Inc.

December 05, 2006 06:30 ET

TelePlus World Appoints Senior Business Development and Compensation Specialist to Its Board of Directors

MIAMI, FL -- (MARKET WIRE) -- December 5, 2006 -- TelePlus World, Corp. (OTCBB: TLPE) (FRANKFURT: YT3) (www.teleplusworld.com), a wireless and telecom reseller offering specialized communications products and services in the U.S. and Canada, is pleased to announce the appointment of Nicholas Shamy to the Company's Board of Directors.

Mr. Shamy, a founding partner and shareholder of the Company, has throughout his career worked as a Business Development and Management Consultant for presidents and CEOs of small- and mid-size businesses across North America. His focus is on enhancing short-term performance while preparing for long-term sustainable growth. He also specializes in implementing comprehensive incentive programs, aligned with corporate objectives, aimed at attracting, retaining, and rewarding best-in-class employees, managers and executives. Mr. Shamy also served as president and owner of M.S. Shamy Inc., a distribution company. Mr. Shamy is a graduate of Concordia University, Montreal, Quebec, and holds a B.Sc. degree.

"We are very pleased that Nick has accepted to join the Board. In addition to his responsibilities as director, Nick will also sit on the Compensation Committee. His past experience in establishing incentive programs aimed at attracting, retaining and rewarding best-in-class employees in small- and mid-size businesses will serve the Company well as we continue to roll out our business plan," commented Marius Silvasan, TelePlus' CEO and Chairman.

About TelePlus World, Corp.

TelePlus World, Corp. ("TelePlus") (OTCBB: TLPE) http://www.teleplusworld.com, is a diversified North American telecommunications company that is a leading provider of wireless and telecommunications products and services. TelePlus, founded in 1999, has continued to grow organically and through strategic acquisitions. The company's wholly owned subsidiaries include: Liberty Wireless, Corp., operates a prepaid MVNO (Mobile Virtual Network Operator) under the Liberty Wireless brand; Maximo Impact, Corp., operates a pay-as-you-go MVNO under the MX Mobile brand; and Telizon, Inc., which resells landline, long distance and internet services under the Telizon, Freedom and Liberty brands. TelePlus websites include www.libertywireless.com, www.vivaliberty.com, www.maximoimpact.com and www.telizon.biz among others. The Company has offices in Miami, Florida; Cleveland, Ohio; Montreal, Quebec; and Barrie, Ontario.

Listen to our Q3 webcast at: http://phx.corporate-ir.net/playerlink.zhtml?c=144803&s=wm&e=1409326

To view the RedChip™ Visibility Research Report, Investology Research Report and Wall Street Research Report, please visit: http://www.teleplusworld.com/en/investors_resreports.php

To view the most recent video interview with our CEO, as well as other video interviews about TelePlus World, please visit: http://www.teleplusworld.com/en/investors_multimedia.php

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 World, Corp. takes no obligation to update or correct forward-looking statements.

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