Teleconnect, Inc. Launches Feature-Rich Pre-Paid Calling Card Named Fortune Iberica

MADRID, Spain, April 6, 2005 - Teleconnect, Inc. (OTCBB: TLCO) announced today that as of March 28th it has started the commercialization of the new Fortune Iberica prepaid calling card with values of 5 and 30 euro respectively. As demand grows over the next few weeks, 10 and 20 euros calling cards will also be made available. The currently available Fortune calling card will be progressively replaced in the market by the Fortune Iberica Card.

The Fortune Iberica offers the following enhancements:

1. The card's design change offers a clearer, simpler image which is more coherent with the long term strategy of the Company to expand into other countries.
2. The FORTUNE IBERICA now supports three languages: Spanish, Portuguese and English.
3. The card incorporates a toll-free access number as well as a HELP-Line number which can be used from Spain or Portugal.
4. The generic expiration date on the card has been increased from two years to three years after manufacturing. The expiration date from first use by the customer remains at 60 days.
5. The FORTUNE IBERICA also includes other features such as prizes, promotions, special tariffs and timetables.
The FORTUNE IBERICA represents the latest development of features over the existing FORTUNE calling card which will bolster Teleconnect's competitive strengths in the marketplace because of improving its design and service functions offered to the customer.

About Teleconnect:

Teleconnect Inc. through its wholly-owned subsidiary Teleconnect Comunicaciones S.A., a Spanish telecommunications company, is a major player in the prepaid telecom industry in Spain. Teleconnect Inc. is traded on a U.S. stock exchange, (OTCBB) under the trading symbol TLCO. ITS Networks 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

Source: Teleconnect Inc.Source: Teleconnect Inc.

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