MONTREAL ? June 1, 2006 ? TelePlus Enterprises, Inc. (NASDAQ OTCBB: TLPE) (Frankfurt: YT3.F) announced today that Kurt Gordon has been appointed Chairman of the newly created Advisory Board and Senior Advisor to CEO Marius Silvasan. Mr. Gordon served as the CFO and consultant of MobilePro Corp. (OTCBB: MOBL) since December 2003 until recently. During his tenure at MobilePro, the company?s market capitalization grew from approximately $3 million to in excess of $100 million. Mr. Gordon also currently serves on the Board of Directors of GreenShift Corporation (OTCBB: GSHF).
Mr. Gordon will assist the Company in recruiting other key contributors to the Advisory Board, assist in debt and equity financings and fund raising, help maintain existing equity relationships, provide public and investor relations advice and contribute to operation efficiencies and revenue and expense restructuring and savings. Mr. Gordon has extensive experience in finance and operations with special focus on growing entrepreneurial environments. ?I would like to welcome Kurt to TelePlus. I believe that his experience and network of contacts will be instrumental as we continue to grow TelePlus. This is exactly how we intend to leverage Kurt's expertise? commented Marius Silvasan, CEO of TelePlus. ?The Company?s revenue run rate for 2006 is set at $30 million and we intend to grow both organically and through strategic accretive acquisitions in the MVNO arena; Kurt will certainly be an asset to us in the coming months as we move forward on our expansion plans? added Silvasan.
?I am excited to join Marius Silvasan and the rest of the TelePlus team as we look to further grow its wireless and telecommunications products and services. The TelePlus prepaid wireless services business model is first rate and is well positioned in the market place. Marius and his team have made significant accomplishments, including recording cash flow positive and net income positive results, while accretive acquisitions have been completed, a feat not easily achieved. I look forward to contributing to the company?s growth initiatives, including organic growth, operation efficiencies and accretive acquisitions that will significantly increase shareholder value? said Kurt Gordon, Chairman of the TelePlus Advisory Board.
Prior to joining TelePlus, Kurt Gordon has served as Chief Financial Officer of MobilePro Corp. (OTCBB: MOBL) since March 2004 and as a consultant between November 2003 and February 2004. He has over 16 years of experience in finance and operations with special focus on growing entrepreneurial environments. Between April 2000 and September 2003, Mr. Gordon was Chief Financial officer of TARGUS Information Corporation, which pioneered the development of real time intelligence providing businesses access to information about businesses and consumers who contact them by telephone, Internet and wireless devices. Gordon was a key contributor during TARGUS Information Corporation?s largest revenue and employee growth phase. Between March 1997 and April 2000, Mr. Gordon served in several capacities including Director of Finance for KSI Services Incorporated, a real estate acquisition and development corporation. Mr. Gordon also serves on the board of directors of GreenShift Corporation (OTCBB: GSHF) an environmental focused company whose mission is to develop and support clean technologies and companies that facilitate the efficient use of natural resources and catalyze transformational environmental gains. GreenShift Corporation executes its corporate mission through their subsidiaries including Veridium, a publicly traded company (OTCBB: VRDM), INSEQ a publicly traded company (OTCBB: INSQ) and Mean Green Biofuels. Earlier in his career, Mr. Gordon served as a public accountant and consultant in the Entrepreneurial Services group of Ernst & Young.
About TelePlus (OTCBB: TLPE)
http://www.TelePlus.ca
TelePlus Enterprises, Inc. (?TelePlus?) is a diversified North American telecommunications company with offices in Miami, Florida; 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 virtual wireless network selling cellular network access to consumers and distributors in the United States under the ?Liberty Wireless? brand and TelePlus Connect, Corp. which resells landline, long distance and Internet services in Canada under the ?Telizon?, ?Freedom? and ?Avenue? brands.
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.
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