ATLANTA, Sept. 8, 2006 (PRIMEZONE) -- Market-Pulse.com announces its trade alert for TelePlus Enterprises, Inc. (OTCBB:TLPE). According to Bernard R. Schmitt of Market-Pulse, "The company just had excellent news out during Thursday's trading announcing that Investology and RedChip Research released their Q2 update research reports for the company. Investology's report rates TelePlus as a Positive Investment Outlook with a $0.78 (see Note) target price, while RedChip rates the Company as a Speculative Buy with a $0.90 (see Note) target price.
In a press release issued Thursday by TLPE, CEO Marius Silvasan commented "TelePlus is pleased that two reputable independent research groups are consistent with each other in their analysis of TelePlus. Both reports outline the strategic decisions made in the last year that have contributed to position TelePlus as a leader in the lucrative prepaid wireless and telecom marketplace."
Note: Neither the Investology, nor the RedChip report (the "Report") are intended as an offering or a solicitation of an offer to buy or sell the securities mentioned or discussed. Investors should not make an investment decision in the securities mentioned or discussed only by reading this news release but rather carefully read the Report and all other Company filings before making an investment decision. Furthermore, the reader should focus on and understand the business risks associated with the Company's business as outlined in the Report and other Company filings prior to making any investment. The Company is in no way shape or form indicating to current shareholders and/or any potential investors that its stock price will increase to the price target of $0.78 or $0.90/share as outlined in the Report or that the stock is a Speculative Buy or a Positive Investment Outlook but merely outlines in this news release the views exposed in the Report.
The Investology report is available at: www.investologyinc.com/company.php?id=5
The RedChip report is available at: www.redchip.com/visibility/researchPages/ClientInfo/_default.asp?symbol=TLPE
About TelePlus Enterprises, Inc. (OTCBB:TLPE) http://www.teleplus.ca
TelePlus Enterprises, Inc. 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.
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You should be aware that MP is often compensated for issuing analyses, recommendations or opinions concerning particular companies. Its opinion is therefore not unbiased and you should consider this factor when evaluating MP's statements regarding a company. MP has been compensated in free trading shares of common stock, available for public trading as follows: TelePlus Enterprises, Inc. compensation from a third party shareholder: seven hundred sixty seven thousand free trading shares of stock in TelePlus Enterprises, Inc., already delivered from a third party shareholder. In addition, MP has been compensated eighteen thousand seven hundred fifty dollars from TelePlus Enterprises, Inc. In addition, MP also has thirty seven thousand five hundred dollars pending in cash or stock from the company or a third party shareholder. To date, MP has sold seven hundred sixty seven thousand shares of stock in TelePlus Enterprises, Inc. for proceeds totaling two hundred eight thousand seven hundred dollars. MP's officers and directors reserve the right to buy additional shares of the companies discussed in this opinion and may profit in the event those shares rise in value. When MP receives free trading shares as compensation for a profiled company, MP may sell part or all of any such shares during the period in which MP is performing such services.