SOURCE: Telpac Industries, Inc.

April 27, 2012 12:10 ET

Telpac Industries, Inc. Executes a Master Distributor Agreement With Meritus Payment Solutions to Expand Client Base

BEVERLY HILLS, CA--(Marketwire - Apr 27, 2012) - Telpac Industries, Inc. (PINKSHEETS: TLPC), a global provider of mobile payment and electronic commerce products and services, today announced that the company has executed a long-term Master Distributor Agreement with Meritus Payment Solutions.

Under terms of the agreement, Telpac Industries, Inc. will have the ability to establish agents to be utilized for soliciting new clients, bringing additional revenue and awareness to our suite of products and services. "We look forward to this venture with Meritus Payment Solutions in our ongoing effort to add value to our client relationships," said David Teuma, CEO and President of Telpac Industries, Inc.

ABOUT TELPAC INDUSTRIES (TLPC)

Telpac is a fast-growing global mobile media company, with a full focus on Targeted Social Networks. Telpac has developed a vertically integrated, service offering where Targeted Mobile Social Networks, mobile content, services and merchandise, mobile payments, and advanced mobile technology platforms combine to leverage the growth in global demand for mobile and online content, services and commerce.

Telpac, Inc. brings more than 35 years of industry experience and has expanded their business from standard card platforms to an industry expert and specialist on customized financial transaction systems to include ACH, Mobile Wallets and Virtual Card Programs. Telpac provides solutions to build, enhance and support our customer's critical applications via the right products and services. For more information go to: www.telpacindustries.com.

Forward-looking Statements

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Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. Except as required by applicable laws, including the securities laws of the United States, we do not intend to update any of the forward-looking statements so as to conform these statements to actual results.

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