SOURCE: TelePlus Group

July 06, 2006 08:05 ET

Texxon Subsidiary, TelePlus Group, Appoints Oaktree Ventures, Inc. to Spearhead Investment Marketing/Strategic VC Planning

Relationship Fosters the Development and Growth of TelePlus Group Through Tactful Positioning for Corporate Financing, Evaluation of Market/Sales Channels and More

LOS ANGELES, CA -- (MARKET WIRE) -- July 6, 2006 -- TelePlus Group (www.teleplusgroup.com), a pioneer in the field of international telecommunications, today announced that it has appointed Oaktree Ventures, Inc. (www.oaktreeventures.com), an innovator of venture capital services, to spearhead its Capital Formation efforts. Oaktree is a CA-based firm that prepares companies for the financial market and provides guidance in the techniques of managing the capital formation process. TelePlus Group is a subsidiary of Texxon Inc. (OTCBB: TXXN).

"It is important that TelePlus and its management team work closely with Oaktree in order to get a better understanding of the capital marketplace and how we can achieve an advantage in our industry," says Claude Buchert, CEO of TelePlus Group. "With Oaktree's extensive expertise in the positioning/packaging of companies interested in taking the next step in corporate growth, Teleplus is achieving two fold benefits via validation of business strategies from a highly respected finance industry resource and through high profile exposure to the market capital."

Oaktree Ventures specializes in independent corporate valuations through the process of comprehensive due diligence which culminates in the writing of industry standard Investment Marketing Memorandums (IMM) for companies seeking equity capital. The IMM is a proven process for developing growth capital strategies for Capital Formation efforts. Oaktree has developed a complimentary set of unique programs for Capital Formation, strategic alliances, guerrilla marketing, key personnel selection, recruiting and compensation, as well as information technology and customer support. The goal of these programs is to provide strategic guidance and ensure the correct positioning of companies to establish corporate financing and obtain leadership in the industry.

"With dynamic product and service offerings for an emerging niche international travel market, we believe TelePlus Group has the potential to become a revolutionary leader in the industry," says Dennis Gunn, Managing Director for Oaktree Ventures, Inc.

TelePlus focuses on the development of low-cost international communication solutions. Vocalyz™ is a seamless and highly specialized telephone service that bundles reliable, inexpensive international long distance with a wide variety of proprietary, in-language, services for the mainstream international traveler. The TelePlus product provides travelers and tourists with a 24/7 live private assistant who functions as a translator, concierge or emergency dispatch in their native language. The key to the service is "content in-language," delivered through a combination of cutting-edge patent-pending intelligence and telecommunication platform and allows the company to offer direct access to their comprehensive live services in over 120 languages.

TelePlus offers its products and services to various vendors and customers in the telecommunications and travel industries through wholesale applications (service only) or through complete product offerings, consisting of a bundle of product (phone) and service. The flexible business model allows TelePlus to target partners looking to enhance its current product offerings or customers in search of a "complete" means of communications.

About TelePlus Group

TelePlus Inc., a subsidiary of Texxon, Inc. (OTCBB: TXXN), DBA TelePlus Group, is a leader in the field of international telecommunications, combining wireless technology and advanced proprietary software with the lowest rates and the highest levels of customer service. The company is dedicated to helping people worldwide through proprietary "content in-language" communications tools and services which delivers the highest level of customer service at user friendly rates. TelePlus Group through its services helps facilitate the expansion of the user's global experiences through business and recreation. TelePlus Group maintains its network operations and primary customer service center at its Los Angeles headquarters. The company also operates several call centers throughout the United States, Europe, and Asia. For more information please visit www.teleplusgroup.com.

About Oaktree Ventures, Inc.

Oaktree Ventures, Inc. is an innovator of venture services specializing in writing Investment Marketing Memorandums for companies seeking equity capital. Specifically designed for Chief Executive Officers of small to medium-sized software and Internet companies, the Investment Marketing Memorandum is a proven process for developing growth capital strategies for financing companies. The program products offered by Oaktree Ventures have been specifically tailored for the software and Internet Entrepreneur interested in taking the next step in corporate growth. Oaktree Ventures, Inc. is headquartered in San Diego, California. With every engagement, Oaktree brings all of its talent and experience, as well as employing its valuable network of professionals and industry contacts.

This release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The risks and uncertainties that may affect the operations, performance development and results of the Company's business include but are not limited to fluctuations in financial results, availability and customer acceptance of our products and services, the impact of competitive products, services and pricing, general market trends and conditions, and other risks detailed in the Company's SEC reports.

Contact Information

  • Media Contact:
    Jackie Lacambra
    TERPIN COMMUNICATIONS
    (310) 821-6100 x108
    jackie@terpin.com

    Investor Relations:
    Ross Nordin
    TelePlus Group
    (310) 439-3119 x206
    rnordin@1tc.com