TelePlus signed an agreement with an aggregator of AT&T Wireless to run TelePlus's mobile virtual network operation on AT&T's network

July 16, 2004

1 Min Read

MONTREAL -- TelePlus Enterprises, Inc. (NASDAQ OTCBB "TLPE") today announced that its subsidiary TelePlus Wireless Corp. ("TelePlus Wireless") signed an agreement with an aggregator of AT&T Wireless Corp., Consumer Cellular Inc. ("Consumer") from Oregon, to run TelePlus' Mobile Virtual Network Operation ("MVNO") on AT&T's network.

TelePlus Wireless is expected to start selling its first TelePlus branded wireless phones to various dealers and distributors in select US cities within 45 days. Affordable rate plans including unlimited weeknights and weekend minutes, free long distance calls within the US, no contracts, attractive handsets and lowest long distance rates are among few of the advantages offered by TelePlus' wireless program. TelePlus' program is expected to bring a fresh idea in today's wireless age. No plans are in place to introduce the Company's private label services in Canada. The Company will continue to growth its revenues through the expansion of its store based strategy in that area.

"This is an important step in a series of milestones crossed by TelePlus Wireless over the last few months in developing its MVNO. We expect TelePlus to offer consumers quality handsets at affordable prices," stated Company CEO, Marius Silvasan. "TelePlus Wireless headed by the well experienced Evens Abellard is expected to become a major contributor in TelePlus' expansion in coming years. We also expect the increase in wireless penetration in the US primarily in the ethnic and youth market to positively influence the implementation of our MVNO," added Marius Silvasan, CEO.

Teleplus Enterprises Inc.

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