LOS ANGELES, June 15, 2005 (PRIMEZONE) -- Texxon Inc. (OTCBB:TXXN) announced today it has signed a letter of intent to acquire TelePlus Inc., an international telecommunications pioneer.
TeleplusGroup has developed a proprietary leading-edge technology (patent applied) cognitive intelligence and telecom system combination that allows the company to independently operate all of its mobile phone numbers, without having to intervene in the account of the partnered wireless carriers worldwide. The result is the ability to purchase airtime at low cost for international communication use allowing TeleplusGroup to offer some of the most competitive international communication rates for international travelers, compared to wireless carriers' international roaming products, to mobile phone rental companies and to prepaid international SIM cards. For more information please visit www.1tc.com.
"1 Touch Connect(TM)" Phone. Through a "complete freedom" concept and the "1 Touch Connect" product, TeleplusGroup is the first to provide a mobile phone bundled with a direct access to all these live services and features in 120 languages. By packaging multilingual personalized services in a "ready-to-use" format, never offered before by wireless phone, TeleplusGroup is a pioneer breaking language barriers through a suite of services and specialized features aimed specifically for international travelers anywhere, any time, filling a big gap in the wireless phone industry.
TeleplusGroup's "1 Touch Connect(TM)" Phone faces no similar competition, only limited and segmented competition, and the Company believes it can resist competition through unique technology bundling, different real-time techniques, know-how, complex live service resources and specialized features. TeleplusGroup has identified a large and growing, but virtually untapped, market of services desired by international travelers. The opportunities include long distance wireless communications at reasonable prices without a long term commitment with the combination of live native-language services for emergency assistance, interpretation, concierge services and personalized assistance, and personalized content (news, sports, stocks, weather, local events, etc.). The Company's R&D has the continuing ability to produce original cross-functional solutions to match the need of the international traveler. TeleplusGroup will aggressively invest to reinforce and protect its uniqueness and gain name recognition for increasing and maintaining it first market share acquisition.
The first phase of the marketing strategy for "1 Touch Connect(TM)" is to target the USA-in-bound market, 48 million visitors per year from other countries. In 2005, arrivals to the U.S. are forecast to reach a total of 49.1 million visitors, a 6.5 percent increase over 2004, according to Travel Industry Association of America, creating a major opportunity for immediate sales and market penetration based on multi-criteria ranking of nationalities visiting the USA. For example, the USA mainland and Hawaii had more than 3.7 million Japanese visitors in 2004, according to Office of Travel and Tourism Industries, International Trade Administration statistics. To date a market leader has not emerged who can provide a mobile phone with reasonable priced long distance and native-language live services. If TeleplusGroup captures five percent of this Japanese market possible first-year sales could be more than $10 million, representing income from just this single market.
Other important US-bound traveler markets under development include Europe, China, South America and others.
TeleplusGroup is developing powerful relationships with the international tourism industry and distribution channels, particularly in Japan, "1 Touch Connect(TM)" has a unique global software web E-Z sales system (effortless for sales agents.) monitoring electronically, sales, phone activation, delivery, commission, customer support etc.
TeleplusGroup is a high-profit business with short-term breakeven points due to high gross margin (up to 50 to 80 percent for airtime sales as recurring revenues, recharges and breakage) and very limited human resource requirements due to its electronic concept and development.
"TelePlus offers unique services and has specialized knowledge that will not only make it an incredible value added service to our clients but it will drive additional clients to our, eventual, array of products," said Ben Hansel, chairman and CEO of Texxon. "TelePlus' products are attractive to International Travelers, whether in the United States, or any other corner of the world and will act in the dual roles of expanding Texxon's product lines as well as providing a near term income stream."
"The capital influx should expedite the roll-out of the TelePlus suite of products and services on a large scale allowing us to be the first in the market, and accelerate the development of the next generation products," stated Claude Buchert, CEO of TelePlus.
About Texxon Inc.:
Texxon Inc. is an exploration stage Oklahoma Corporation, which is the process of executing a share exchange with V3-Global; a Texas Corporation with principal offices in Dallas where it is incorporated and managed by telecom professionals with over 100 years combined experience. With its worldwide presence, V3-Global is able to provide telecommunications solutions that integrate local, long distance and broadband Internet services on a global scale.
V3-Global is active in Residential Services, Business Services and Software Solutions. The primary business areas include:
1. V3-Global transports and terminates wholesale voice traffic from major carriers with whom it has interconnection agreements, mainly to India, Mexico and Europe Cell.
2. V3-Global provides the network services for pre-paid calling card operators.
3. V3-Global provides network design, implementation and management facilities to other telecom carriers.
4. V3-Global provides billing, Web development and e-commerce development facilities for other businesses and telecom carriers.
5. V3-Global has 500+ seats Call Center in India to handle all back office operations of other corporations, and is looking to add thousands more.
For further information, www.v3-global.com
About TelePlus Group:
TelePlus Inc., DBA TelePlus Group, is a pioneer in the field of international telecommunications, linking wireless technology to provide international travelers with tools to break language barriers. The Company and its international corporate leadership, based in Los Angeles, are dedicated to helping people around the world travel with confidence and security by offering its proprietary services. TelePlus focuses primarily on offering a communications technology which delivers the highest level of customer service at user friendly rates and enables people throughout the world to connect with one another around the clock. TelePlus Group through its 1TouchConnect services help facilitate the expansion of the user's global experiences through business and recreation.
1TouchConnect(TM), a TeleplusGroup brand, gives international travelers access to live operators who speak the user's language, via cellular telephone. TelePlus Group's patent applied products are the first to provide personal assistance, customized information, support and multiple services, in the user's language, with 24-hours a day access at the touch of a key, on the special phone. International travelers are able to communicate by cellular phone with anybody worldwide, whatever the language or culture challenges, thanks to operators who speak their language and are trained to quickly deliver lifesaving emergency assistance, live interpretation services, and travel-enhancing concierge services. The company operates several call centers throughout the United States, Europe, and Asia. For more information, please contact us or visit www.1tc.com.
Safe Harbor:
This release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The risks and uncertainties that may affect the operations, performance development and results of the Company's business include but are not limited to fluctuations in financial results, availability and customer acceptance of our products and services, the impact of competitive products, services and pricing, general market trends and conditions, and other risks detailed in the Company's SEC reports.