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Texxon's Wholly Owned Subsidiary, Teleplus Group, Inc. (OTCBB: TXXN), Hires Chief Financial Officer to Develop & Maintain Fiscal Operations


With Strong Ties in the Financial Management and Expertise in Technology Start-Ups in the US and Overseas, Ross Nordin Will Lead Economic Business Strategy

LOS ANGELES, CA, Jun 19, 2006 (MARKET WIRE via COMTEX) -- TelePlus Group (www.teleplusgroup.com), a pioneer in the field of international telecommunications, today announced Ross Nordin as the new Chief Financial Officer (CFO). Ross Nordin will be a key part of the leadership for the development and execution of the business strategy. He has extensive experience in developing and maintaining systems for internal and external control of financial operations. With his expertise in technology start-ups both here and overseas, Nordin will provide a solid backbone for TelePlus Group through the assessment of various investor relations/opportunities and observation of business economic and fiscal stability. TelePlus Group is a subsidiary of Texxon Inc. (OTCBB: TXXN).
"With a telecom market that is rampant with change and innovation, Teleplus Group is one of the few companies that can deliver a unique product in the niche market for global travelers," says Ross Nordin, Chief Financial Officer for TelePlus Group. "With the strong managerial team we have assembled, we will look to expand the business by incorporating and developing new technologies and/or by acquiring companies that have superior, stable free cash flow."

Ross Nordin has an engineering degree and an MBA from the University of Michigan with a wide range of experience developing new business entities in Europe and the US. He has initiated strategies for raising capital in equity markets and facilitated the reorganization of financial and operational models. Before joining TelePlus Group, Nordin has raised equity and debt for several ventures. In addition, he provided a full range of financial expertise as Senior Business Consultant for International Profit Associates where he developed operational and strategic plans.

"As CFO, Ross Nordin is the driving force behind our financial management/development department," says Claude Buchert, CEO of TelePlus Group. "His profound knowledge and success in forming a solid financial corporate body through the concise and accurate evaluation of potential business endeavors will help the growth of the company."

TelePlus focuses on the development of low-cost international communication solutions. Vocalyz(TM) is a seamless and highly specialized telephone service that bundles reliable, inexpensive international long distance with a wide variety of proprietary, in-language, services for the mainstream international traveler. The TelePlus product provides travelers and tourists with a 24/7 live private assistant who functions as a translator, concierge or emergency dispatch in their native language. The key to the service is "content in-language," delivered through a combination of cutting-edge patent-pending intelligence and telecommunication platform and allows the company to offer direct access to their comprehensive live services in over 120 languages.

TelePlus offers their products and services to various vendors and customers in the telecommunications and travel industries through wholesale applications (service only) or through complete product offerings, consisting of a bundle of product (phone) and service. The flexible business model allows TelePlus to target partners looking to enhance its current product offerings or customers in search of a "complete" means of communications.

About TelePlus Group

TelePlus Inc., (OTCBB: TXXN), a subsidiary of Texxon, Inc., is a leader in the field of international telecommunications, combining wireless technology and advanced proprietary software with the lowest rates and the highest levels of customer service. The company is dedicated to helping people worldwide through proprietary "content in-language" communications tools and services which delivers the highest level of customer service at user-friendly rates. TelePlus Group through its services helps facilitate the expansion of the user's global experiences through business and recreation. TelePlus Group maintains its network operations and primary customer service center at its Los Angeles headquarters. The company also operates several call centers throughout the United States, Europe, Asia. For more information please visit www.teleplusgroup.com.



Contact:
Jackie Lacambra
TERPIN COMMUNICATIONS
[phone] x108
[e-mail]

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