TelePlus Closes over $40 Million in Financing

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TelePlus Closes over $40 Million in Financing with Cornell Capital Partners, LP

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July 20, 2005 (Press Release) -- TelePlus Closes over $40 Million in Financing

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 that it has closed a financing arrangement with Cornell Capital Partners, LP (``Cornell'') providing the Company access to over $40M in capital.
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