We report recent developments in our experiment to teleport light beams by utilizing Einstein-Podolsky-Rosen (EPR) entanglement for continuous quantum variables. We describe details of our experimental apparatus, including the generation of EPR entanglement from squeezed states of light. In addition, we have developed an explicit model for the teleportation of coherent states that includes the effect of diverse loss factors and limited degrees of entanglement, and that enables us to project the possibilities for achieving yet higher fidelities beyond the currently achieved value of 62% with our apparatus. Propects for other teleportation schemes will also be discussed.
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