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TelePlus Enterprises, Inc.

TelePlus Appoints US-Based General Counsel to Support Strategic Growth Initiatives
MONTREAL--(MARKET WIRE)--Jul 27, 2006 -- TelePlus Enterprises, Inc. (OTC BB:TLPE.OB - News) (Frankfurt:YT3.F - News) (www.teleplus.ca) ("TelePlus" or the "Company") is pleased to announce that it has appointed Carlos I. Cardelle, Esq. as the General Counsel for TelePlus and its subsidiaries. Mr. Cardelle will report directly to Marius Silvasan, TelePlus' CEO, and will closely work with other key members of the TelePlus team, including finance, business development, operations, sales & marketing and investor relations. Mr. Cardelle succeeds Kiriakos Vanikiotis in this position and will be based in Miami, Florida. Mr. Cardelle was most recently the Associate US Counsel for LAN Airlines S.A. (formerly LAN Chile Airlines S.A.) where he acquired seven years of practical experience in business transactions including financing, Sarbanes-Oxley compliance, regulatory filings and petitions, licensing and trademarks and strategic acquisitions.

"On behalf of TelePlus, I'd like to welcome Carlos to the team. Carlos' educational background is notable, having graduated cum laude from the University of Miami School of Law with a Juris Doctor Degree and also cum laude from the University of Miami obtaining a Bachelor of Arts in Political Science. Carlos is fluent in both English and Spanish, providing an additional asset as we tap Hispanic market segments," commented Marius Silvasan, CEO of TelePlus. "I am very excited to join TelePlus at such a time of growth and expansion. I look forward to working with its talented team to execute on the Company's business plan," said Carlos Cardelle, Esq., TelePlus' General Counsel. "TelePlus continues to enjoy exceptional growth, having generated $8 million (excluding the divested Retail business) in revenue for 2005 and with a revenue run rate in excess of $30 million for 2006. Carlos' expertise will help us move quicker on a variety of business transactions such as strategic acquisitions and affiliate agreements in order to continue growing our business," added Silvasan.

About TelePlus Enterprises, Inc. (OTC BB:TLPE.OB - News) 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.

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.

To view the most recent video interview with CEO, please visit:

http://www.teleplus.ca/download/18teleplus.wmv

To view the Wall Street Research Report & Analyst Interview, please visit

Interview: http://www.teleplus.ca/download/TLPEAnalyst.wmv

Report: http://www.wallstreetresearch.org/reports/tlpe.htm

To view our most recent Investology research report, please visit

http://www.teleplus.ca/download/TLPEUPDATE17April06-Final.pdf

Listen to our Q1 webcast at:

http://www.newswire.ca/en/webcast/viewEvent.cgi?eventID=1453540

To view the CEO interview on the floor of the AMEX, please visit

http://www.teleplus.ca/download/TLPE.wmv

To view the most recent trader's report on TelePlus, please visit

http://www.teleplus.ca/download/TLPEtrader.wmv




    Contact
  • TelePlus Enterprises, Inc.
  • Investor Relations & Corporate Communications
  • 866-699-3388 ext 222
  • investorrelation@teleplus.ca



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    About Teleplus Enterprises, Inc.


    With offices both in the United States and Canada, Teleplus Enterprises, Inc. provides wireless and telecom products and services throughout North America.


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