TelePlus Acquires a Second Wireless Provider, Maximo Impact
2006-06-21 06:30 ET - News Release
MONTREAL -- (MARKET WIRE) -- 06/21/06
TelePlus Enterprises, Inc. (OTCBB: TLPE) (FRANKFURT: YT3) (www.teleplus.ca) ("TelePlus" or the "Company") is pleased to announce that it has acquired Maximo Impact Inc., a company specialized in marketing and distribution as an MVNO (Mobile Virtual Network Operator) in the United States. As part of the transaction, Maximo Impact will launch its own wireless brand called "MX Mobile" which caters to mass merchandisers, general retailers and c-channel retailers calling on convenience stores and gas stations. Maximo Impact will also distribute Liberty Wireless products, which cater to the unbanked users in the United States and are primarily available via online distribution. Maximo Impact's main centre of operations shall remain Cleveland, OH.
TelePlus CEO, Marius Silvasan, will discuss this acquisition in a live webcast from The Wall Street Reporter Small Cap Discovery Conference in New York City at 8:30 am ET today. The webcast can be accessed at: http://www.investorcalendar.com/IC/CEPage.asp?ID=106057&CID=
Analysts and media are invited to attend the presentations at 8:30 am & 11:15 am ET today at the Roosevelt Hotel (Riverside Suite) located at 45 East 45th Street in New York, NY. Q&A will follow.
Maximo Impact Inc. will be headed by Rich Stupansky who was the co-founder and CEO of Beyond Wireless, Inc. ("Beyond Wireless"), a leading MVNO powered by Cingular that grew tenfold over eighteen months to become one of the largest Cingular resellers in the country. Rich co-founded Beyond Wireless in May 2002 where he stayed up to earlier this year. Maximo Impact was recently formed and it is poised to strengthen TelePlus' customer base and distribution network. "I would like to welcome Rich and Maximo Impact to TelePlus," commented Marius Silvasan, CEO of TelePlus. "Rich has an impressive track record, especially with Beyond Wireless which he created. I am confident that this success will be repeated again for TelePlus," added Silvasan.
TelePlus will fund Maximo Impact's operations, of which business plan calls for the company to generate in excess of $100 million in revenue and 25% in EBITDA over the next 36 months. The full details of the transaction can be found in the upcoming 8K that will be filed with the SEC in the coming days. "This acquisition enables TelePlus to combine the synergies between Liberty Wireless and MX Mobile and to draw on Rich's expertise in the retail market. We now operate two wireless brands, each catering to different market segments, thus enabling TelePlus to capture a bigger piece of the $32 billion pie that is the prepaid wireless industry," added Silvasan. "Liberty Wireless' product offering is modeled after a postpaid-type product with popular features such as unlimited nights and weekends, thus its ARPU (Average Revenue Per User) is $40, whereas MX Mobile's product offering is pay-as-you-go, catering to an entirely different market segment among the unbanked," commented Kelly McLaren, President of TelePlus. "I am extremely pleased to be part of TelePlus and work with the highly qualified team put in place by Marius Silvasan and look forward to contributing to the overall company growth initiatives," said Rich Stupansky, President of Maximo Impact.
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, Maximo Impact, Corp., which resells wireless telecommunication products and service under the brand MX Mobile 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.
To view the most recent video interview with CEO, please visit: http://www.teleplus.ca/download/18teleplus.wmv
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CONTACT:
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TelePlus Enterprises, Inc.
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