TelePlus to Sell Bell Mobility Products

Market Wire, December, 2004

TelePlus Enterprises, Inc. (OTC BB: TLPE) (http://www.teleplus.ca), which owns and operates 39 TelePlus branded stores in major shopping malls selling a variety of wireless and portable communication devices, is pleased to announce that it is now selling Bell Mobility products and services throughout its stores in Western Canada. Eastern and Central Region TelePlus Stores are expected to sell Bell Mobility products in Q1 of 2005.

"We are very pleased at the opportunity to distribute Bell products and services in Western Canada," stated Marius Silvasan, Company CEO. "Bell is recognized for the reliability of its network, for its strong brand recognition and for its high level of customer confidence which, coupled to our wireless expertise, is expected to favorably increase our market competitiveness."

Investors are asked to e-mail all questions and correspondence to TLPE@agoracom.com, where they can also request to be added to the TelePlus investor e-mail list to receive all future press releases and updates directly.

About TelePlus (http://www.teleplus.ca)

TelePlus Enterprises, Inc. ("TelePlus") through a subsidiary owns and operates 39 TelePlus branded stores in major shopping malls selling a variety of wireless and portable communication devices. The company's product lines include wireless handsets and services from major Canadian carriers, international phones, satellites, home phones and other mobile electronic devices including an exclusive line of international GSM world phones. TelePlus through a US wholly owned subsidiary, TelePlus Wireless Corp., operates a virtual wireless network selling its branded wireless products to distributors in select US cities.

About Bell Mobility (http://www.bell.ca)

Through their 26 million residential and business customer connections, Bell Canada Enterprises (Toronto Stock Exchange "BCE") provides the most comprehensive and innovative suite of communication services, including local, long distance, wireless, Internet access, data and video services. In addition, they reach millions of people daily through Bell Globemedia, a leading media company with assets including CTV and The Globe and Mail.

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 a 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.

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CONTACT: Institutional IR Inquiries Investor Relations 866-699-3388 info@teleplus.ca http://www.teleplus.ca/ Retail IR Inquiries AGORA Investor Relations http://www.agoracom.com TLPE@agoracom.com