December 08, 2003

Sams Club and Wireless

SAM'S CLUB Canada Names TelePlus to implement and operate Franchise of in-store retail wireless kiosks

MONTREAL, Dec 08, 2003 /PRNewswire-FirstCall via Comtex/ -- TelePlus Enterprises, Inc. (ticker "TLPE") today announced that it has entered into a major agreement with SAM'S CLUB Canada, a division of Wal-Mart Canada Corp., to implement and operate a chain of retail wireless kiosks within the Sam's Club family of stores. The new state-of-the-art SAM'S CLUB branded wireless kiosks will provide Sam's Club members with a wide range of TelePlus' wireless products and services from major Canadian carriers, including advanced international GSM world phones and satellite systems.

In conjunction with the closing of the agreement, TelePlus further announces the official opening of new kiosks in four SAM'S CLUB locations situated throughout the Greater Toronto Area. Vaughan, Richmond Hill, Etobicoke and Pickering Ontario Canada opened the same day. TelePlus Enterprises will be opening additional kiosks according to Sam's Club's new club roll-out schedule.

"The agreement with Sam's Club is a milestone development for the Company and one that aligns TelePlus with one of North America's most respected and successful mass business and consumer retailers". Stated TelePlus Enterprises President and CEO, Mr. Marius Silvasan. SAM's CLUB'S dedication to delivering value to its members mirrors TelePlus' commitment to superior customer service. TelePlus will continue to aggressively expand its store presence under the Sam's Club banner and the mandate over the coming years will be to ensure that SAM's CLUB becomes the dominant player in the sale of wireless products and services in the Canadian marketplace." Said Silvasan

Currently Sam's Club operates over 500 clubs in the USA and is expected to open several new clubs in Canada over the upcoming years. TelePlus expects to generate $250,000 USD in revenue from each kiosk operated within Sam's Club.

About TelePlus

TelePlus Enterprises, Inc. through two wholly owned subsidiaries owns and operates 22 TelePlus branded stores in major shopping malls and 4 kiosks in Sam's Club selling a variety of wireless and portable communication devices. The company's product line 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.

About SAM'S CLUB Canada

SAM'S CLUB Canada is a division of Wal-Mart Canada Corp. and operates four membership warehouse clubs in the Greater Toronto Area. The clubs offer their members more than 4,000 low priced, brand name products and an assortment of food within a spacious warehouse setting. SAM'S CLUB caters specifically to the needs of Canadian small-business operators and consumers, including those who like to purchase larger pack sizes of merchandise and food, at wholesale prices.


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.


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Posted by Craig at December 8, 2003 06:07 PM