TelePlus Presents at the RedChip Small-Cap Conference in New York

TelePlus Enterprises, Inc. (OTCBB: TLPE) (FRANKFURT: YT3) (www.teleplus.ca) ("TelePlus" or the "Company") is pleased to announce that its CEO, Marius Silvasan will speak at the upcoming RedChip Small-Cap Conference that will be held at the Hilton New York on August 15-16, 2006. Mr. Silvasan is scheduled to speak at 1:15pm on August 15, 2006. The conference attracts hundreds of fund managers, institutional investors, market makers, traders, brokers and investment bankers eager to meet with CEOs of growing small-cap companies such as TelePlus that operate in a marketplace with significant potential to grow.

"I'm looking forward to participating at the conference as it will give us the opportunity to discuss TelePlus' story, its unique potential in the marketplace to grow and become one of the leading MVNOs in the country," stated Silvasan.

TelePlus is holding its Q2 webcast on August 16, 2006 at 8:00 am ET. The webcast can be accessed at: http://phx.corporate-ir.net/playerlink.zhtml?c=144803&s=wm&e=1366007 or by calling 1-866-362-4832 -- participant code 10481867.

About TelePlus Enterprises, Inc. (OTCBB: TLPE) 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.

To view the RedChip(TM) Visibility Research Report, please visit: http://www.redchip.com/visibility/researchPages/ClientInfo/_default.asp?symbol=TLPE

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

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.