Teleconnect, Inc. (TLCO) SqueezeTrigger Price is $0.23; Approximately 903,771 Shares Shorted Since January 2005 According To Bu

BUYINS.NET, www.buyins.net, is initiating coverage of
Teleconnect, Inc. (OTCBB: TLCO) after releasing the latest short sale
data to April 2006. From January 2005 to April 2006 approximately 11.7
million total aggregate shares of TLCO have traded for a total dollar
value of nearly $2.8 million. The total aggregate number of shares
shorted in this time period is approximately 903,771 shares. The TLCO
SqueezeTrigger price of $0.23 is the volume weighted average short
price of all short selling in TLCO. A short squeeze began when shares
of TLCO closed above $0.23. To access SqueezeTrigger Prices ahead of
potential short squeezes beginning, visit http://www.buyins.net.

-0-
*T
Month         Total Vol.    Short Vol.    Avg. Price    Short $ Value

January '05   892,810       68,746        $0.32         $21,827
February      557,950       42,962        $0.41         $17,722
March         279,350       21,510        $0.41         $8,765
April         861,122       66,306        $0.34         $22,378
May           1,399,910     107,793       $0.29         $30,991
June          465,750       35,863        $0.21         $7,574
July          1,037,660     79,900        $0.20         $16,180
August        480,750       37,018        $0.19         $7,126
September     43,100        3,319         $0.14         $456
October       1,611,400     124,078       $0.11         $13,797
November      120,600       9,286         $0.11         $1,010
December      267,100       20,567        $0.12         $2,519
January '06   384,435       29,601        $0.16         $4,775
February      213,810       16,463        $0.18         $2,902
March         959,670       73,895        $0.19         $13,855
April         2,161,875     166,464       $0.24         $39,951

Total:        11,737,292    903,771       $0.23         $211,830

*T

   --  *short volume is approximated using a proprietary algorithm.

   --  **average short price is calculated using a volume weighted
        average short price.

   --  ***short volume is the total short trade volume and does not
        account for covers.

   About Teleconnect, Inc.

   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.

   About BUYINS.NET

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of publicly traded US companies fight naked short selling. Naked short
selling is the illegal act of short selling a stock when no
affirmative determination has been made to locate shares of the stock
to hypothecate in connection with the short sale. Buyins.net has built
a proprietary database that uses Threshold list feeds from NASDAQ,
AMEX and NYSE to generate detailed and useful information to combat
the naked short selling problem. For the first time, actual trade by
trade data is available to the public that shows the attempted size,
actual size, price and average value of short sales in stocks that
have been shorted and naked shorted. This information is valuable in
determining the precise point at which short sellers go
out-of-the-money and start losing on their short and naked short
trades.

   BUYINS.NET has built a massive database that collects, analyzes
and publishes a proprietary SqueezeTrigger for each stock that has
been shorted. The SqueezeTrigger database of nearly 700,000,000 short
sale transactions goes back to January 1, 2005 and calculates the
exact price at which the Total Short Interest is short in each stock.
This data was never before available prior to January 1, 2005 because
the Self Regulatory Organizations (primary exchanges) guarded it
aggressively. After the SEC passed Regulation SHO, exchanges were
forced to allow data processors like Buyins.net to access the data.

   The SqueezeTrigger database collects individual short trade data
on over 7,000 NYSE, AMEX and NASDAQ stocks and general short trade
data on nearly 8,000 OTCBB and PINKSHEET stocks. Each month the
database grows by approximately 50,000,000 short sale transactions and
provides investors with the knowledge necessary to time when to buy
and sell stocks with outstanding short positions. By tracking the size
and price of each month's short transactions, BUYINS.NET provides
institutions, traders, analysts, journalists and individual investors
the exact price point where short sellers start losing money and a
short squeeze can begin.

   All material herein was prepared by BUYINS.NET, based upon
information believed to be reliable. The information contained herein
is not guaranteed by BUYINS.NET to be accurate, and should not be
considered to be all-inclusive. The companies that are discussed in
this opinion have not approved the statements made in this opinion. A
third party has paid a $995.00 monthly data fee to BUYINS.NET and can
cancel the monthly data fee at any time. The third party owns shares
of TLCO. Teleconnect has not paid for or influenced this report in any
way. This opinion contains forward-looking statements that involve
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