SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF
THE SECURITIES EXCHANGE ACT OF 1934
DATE OF REPORT: (DATE OF EARLIEST EVENT REPORTED) : MARCH 22, 2004
COMMISSION FILE NO. 000-49628
TELEPLUS ENTERPRISES, INC.
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(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
Nevada 90-0045023
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(STATE OR OTHER JURISDICTION OF (IRS EMPLOYER IDENTIFICATION NO.)
INCORPORATION OR ORGANIZATION)
465 St. Jean, Suite 601, Montreal, Quebec, Canada H2Y 2R6
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(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)
514-344-0778
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(ISSUER TELEPHONE NUMBER)
N/A
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(FORMER NAME AND ADDRESS)
ITEM 5. OTHER EVENTS AND REGULATION FD DISCLOSURE.
On February 12, 2004, the Board of Directors (the "Board") of TelePlus
Enterprises, Inc. (the "Company") appointed Robert Krebs as its chief financial
officer and as a Director to fill one of the vacancies on the Board . On March
19, 2004, the Board also appointed Michael Karpheden and Hakan Wretsell as
Directors to fill the remaining vacancies on the Board.
Mr. Krebs' responsibilities as chief financial officer will include the
financial management of the Company, budgeting and forecasting, management of
all accounting functions and liaison with the investment community. In such
capacity, Mr. Krebs will be reporting directly to the Company CEO. Prior to
joining the Company, Mr. Krebs worked nine years for GB MICRO Electronics where
he held the position of Vice-President, Finance. Prior to GB MICRO, Mr. Krebs
held the position of Controller for Future Electronics and Le Chateau retail
stores. Mr. Krebs holds a C.A. and a Bachelor of Commerce both from McGill
University. Mr. Krebs is an active member of the Canadian Institute of
Chartered Accountants.
Michael Karpheden is a veteran in the wireless industry having worked for
Ericsson Mobiles Phones for a period of twelve years. While at Ericsson, Mr.
Karpheden held, among others, the position of VP Finance & Logistics, Americas
Region and President and CFO/Director of Finance for Ericsson Telecommunications
in Moscow Russia. More recently, between 2001 and 2003, Mr. Karpheden held the
position of COO and VP Finance & Operations for STRAX Inc., a leader in the
distribution of mobile phones and accessories, based in Miami, Florida. Mr.
Karpheden holds a degree in Business and Management from the University of Lund
in Sweden.
Hakan Wretsell has over sixteen years experience in the wireless industry.
Thirteen of those years he spent at Ericsson having held, among others, the
position of Executive VP and GM, Americas Region and VP Sales and Marketing,
Latin America Region. More recently, between 2000 and 2003, Mr. Wretsell held
the position of President for STRAX Inc., a leader in the distribution of mobile
phones and accessories, based in Miami, Florida. Mr. Wretsell holds a degree in
Business and Management from the Universities of Umea, Uppsala and Lund in
Sweden.
On March 11, 2004, the Company received a commitment from Excalibur
Investments SA for $1,000,000 in equity financing. As of such date, the Company
has received $250,000 of such financing.
On March 19, 2004, the Editorial Board of Standard and Poor's ("S&P") has
approved Teleplus Enterprises, Inc. for a complete corporate listing and
description in Standard and Poor's Corporation Records. Additionally, Teleplus
Enterprises, Inc. will have its corporate description published in Standard and
Poor's Daily News Section. S&P also will initiate financial coverage of Teleplus
Enterprises, Inc. as part of the S&P Market Access Program, including coverage
of Teleplus Enterprises, Inc. on S&P's Internet website, www.advisorinsight.com
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as well as S&P Marketscope and the electronic version of S&P Stock Guide
database. Additionally, the S&P coverage will appear on the highly trafficked
OTC Bulletin Board web site www.otcbb.com.
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ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
None.
Signatures
Pursuant to the requirement of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
TelePlus Enterprises, Inc.
March 22, 2004
/s/Marius Silvasan
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Marius Silvasan
Chief Executive Officer