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#000000; FONT-STYLE: normal; FONT-FAMILY: Verdana,Geneva,Arial,Helvetica,sans-serif" face=Verdana,Geneva,Arial,Helvetica,sans-serif color=#000000 size=4>TelePlus Enters Q4 With Stronger Than Anticipated Demand for its MX Mobile Product

MONTREAL, QC – October 2, 2006 – TelePlus Enterprises, Inc. (NASDAQ OTCBB: TLPE) (Frankfurt: YT3.F) (www.teleplus.ca) (“TelePlus” or the “Company”) is pleased to announce that its wholly-owned subsidiary, Maximo Impact, Corp, which launched last month its new MVNO brand, MX Mobile, has witnessed stronger than anticipated demand for its product by distributors across key markets in the US. Assuming strong demand for the product continues throughout the 4th quarter and launching additional marketing initiatives for Liberty Wireless, the Company anticipates the strongest 4th quarter in the Company’s history. In the first six months of 2006, TelePlus already recognized in excess of $13 million in revenue and this excludes any contributions from our new MX Mobile product line.

“Liberty Wireless has a well established retail distribution presence which allows customers to top- up their monthly plans and a highly developed online presence to support new sales. Nonetheless, we recognized after our acquisition of Liberty that we needed to capitalize on growing a sufficient retail market share. The acquisition of Maximo Impact and the addition of two well experienced retail marketers was the right choice to address the expansion” commented Marius Silvasan, TelePlus’ CEO. “Although it’s early to provide guidance on our 4th quarter and year end revenues due to various elements of our business strategy that can still impact preliminary results, we are encouraged by the early high demand for MX Mobile and we will look forward to MX Mobile contributing to a strong 4th quarter performance” added Silvasan.

About TelePlus Enterprises, Inc. (OTCBB: TLPE) http://www.teleplus. ca TelePlus Enterprises, Inc. (“TelePlus”) 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.

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.

TelePlus Enterprises, Inc.
Investor Relations & Corporate Communications
866-699-3388 ext 222
investorrelation@teleplu s.ca