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Montreal, Canada, 2005/05/26 - TelePlus Enterprises, Inc. is pleased to announce today its subsidiary TelePlus Wireless Corp. signed a wireless service agreement with e-Mobile group of Companies, LLC from Dallas, Texas..
TelePlus' MVNO Division Signs Wireless Service Agreement with E-Mobile, Deal Expected to Increase Revenues by $1.5M USD
TelePlus Enterprises, Inc. (OTCBB: TLPE), a vertically integrated provider of wireless and landline communications products and services across North America, is pleased to announce today its subsidiary TelePlus Wireless Corp. ("TelePlus Wireless"), operating the Company's Mobile Virtual Network ("MVNO"), signed a wireless service agreement (the "Agreement") with E-Mobile group of Companies, LLC ("E-Mobile") from Dallas, Texas.
According to the Agreement, TelePlus Wireless has agreed to resell wireless airtime minutes to E-Mobile. E-Mobile intends to sell TelePlus Wireless' services under the E-Mobile brand name. TelePlus already announced earlier this week it had signed a licensing agreement with E-Mobile, allowing E-Mobile to use its wireless handsets equipped with the TelePlus Billing Control System.
TelePlus anticipates E-Mobile's purchases of wireless airtime services to exceed $1.5M per annum. Revenues anticipated from the purchase of airtime services are in addition to the $4M in revenues anticipated from the purchase of TelePlus Handsets announced by TelePlus Wireless earlier this week.
"The signing of the Wireless Service Agreement with E-Mobile continues to demonstrate our objective to grow our wireless subsidiary,'' stated Marius Silvasan, CEO of TelePlus Enterprises. "Adding wireless airtime packages to E-Mobiles licensing agreement signed earlier this week makes sense for both sides. It allows us to maximize the use of our resources by providing a turn key solution to E-Mobile while increasing E-Mobile's competitiveness in the market," added Silvasan.
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 agoracom.com and view the TelePlus Investor Relations Hub. 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.
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.
E-Mobile is a reseller of wireless products and services including accessories since 1991. E-mobile supplies its products and services to over 1,000 retailers across the southwest U.S. and services thousands of customers.
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 change, 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.
Source: TelePlus Enterprises Inc.