TelePlus Closes Acquisition of Avenue Reconnect

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TelePlus Closes Acquisition of Avenue Reconnect; Revenues to increase by $1.1M and earnings -- Before Taxes -- by $200k

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June 3, 2005 (Press Release) -- TelePlus Closes Acquisition of Avenue Reconnect; Revenues to increase by $1.1M and earnings -- Before Taxes -- by $200k

TelePlus Enterprises, Inc. (OTCBB: TLPE) (http://www.teleplus.ca), a vertically integrated provider of wireless and landline communications products and services across North America, is pleased to announce today that it has closed the acquisition of Avenue Reconnect, Inc. ("Avenue") announced in a release dated April 21st, 2005. As part of the transaction, Avenue will be rolled into TelePlus Connect Corp. ("TelePlus Connect") increasing that subsidiaries customer base by 2,000 bringing it to 5,300 users.
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