TLCO Teleconnect Inc (CE)

Teleconnect, Inc. (OTCBB:TLCO) will conduct a US conference call to shareholders, financial advisors and financial analysts on May 9, 2006 at 10 AM EDT. The CEO of Teleconnect, Inc., Gustavo Gomez, will give a general corporate overview of the company's past, its restructuring over the past three years, sales and new product development, growth strategy, current distribution points of the Fortune Brand pre-paid calling cards as well as the new international access from the European Union (EU) and plans for launch of international access from the US in the near future. The call will begin at 10am on Tues May 9th EDT. The call will be open to all interested investors at (641) 985-0100, access code 866424#. Teleconnect, Inc. through its wholly-owned subsidiary Teleconnect Comunicaciones S.A., a Spanish telecommunications company, is a major player in the prepaid telecoms industry in Spain. Teleconnect Inc. is traded on a U.S. stock exchange, the Over The Counter Bulletin Board (OTCBB) with trading symbol TLCO. Teleconnect provides commercial and residential users in Spain with a very competitive array of prepaid services. www.teleconnect.es. Forward Looking Statements: Except for the historical information contained herein, the statements in this press release are forward-looking statements that involve risks and uncertainties. Potential risks and uncertainties include, without limitation, continued competitive pressures in the marketplace; the effect competitive and economic factors and the Company's reaction to them may have on consumer and business buying decisions with respect to the Company's products; the ability of the Company to make timely delivery of new products and successful technological innovations to the marketplace; the continued availability of certain components and services essential to the Company's business currently obtained by the Company from sole or limited sources. More information on potential factors that could affect the Company's financial results is included from time to time in the Company's public reports filed with the SEC.