MONTREAL, July 11, 2005 (PRIMEZONE) -- TelePlus Enterprises, Inc. (OTCBB:TLPE) (http://www.teleplus.ca), a vertically integrated provider of wireless and landline communications products and services across North America, today announced that its subsidiary TelePlus Retail Services, Inc. ("TelePlus Retail") reported an increase of 22% in wireless handset sales for Q2 (which includes the months of April to June) this year compared to the same period a year ago. Total number of wireless handset sales reached 8,347 compared to 6,831 handsets for the same period last year.
"Q2 continued to be strong in terms of total activations," stated company President and COO Kelly McLaren. "We are already starting to see positive impacts on our retail operation of the recently announced cost reductions as part of our focus on driving increased profitability. We anticipate disclosure of our Q2 sales in the upcoming weeks," added McLaren.
This press release is available on the company's official on-line investor relations site for investor commentary, feedback and questions. Investors are asked to visit http://www.agoracom.com/ir/teleplus. Alternatively, investors are asked to e-mail all questions and correspondence to TLPE@agoracom.com where they can also request addition to the TelePlus investor e-mail list to receive all future press releases and updates directly.
About TelePlus http://www.teleplus.ca
TelePlus Enterprises, Inc. ("TelePlus") is a vertically integrated provider of wireless and landline products and services across North America. The Company's retail division -- TelePlus Retail Services, Inc. -- owns and operates a national chain of TelePlus branded stores in major shopping malls, selling a comprehensive line of wireless and portable communication devices. TelePlus Wireless Corp. operates a virtual wireless network selling cellular network access to distributors in the United States. TelePlus Connect Corp. is a reseller of landline and long distance services including internet services.
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 a 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.