Revenues reached $2.2M and earnings (before taxes) of $130k. TelePlus is very pleased to announce these results.
Montreal, Ontario (PRWEB) March 3, 2006 -- TelePlus Enterprises, Inc. (NASDAQ OTCBB: TLPE) (Frankfurt: YT3) (http://www.teleplus.ca) (“TelePlus” or the “Company”) today announced its January 2006 results and reported revenues of $2.2 million dollars. Earnings (before taxes) were $130,000 dollars, EBIDTA was $230,000 dollars and Earning per Share (before tax) were $0.0015. TelePlus is very pleased to announce these results as they represent the largest revenue recorded in a one-month period and strongest earnings for the same period in the history of the Company. Total revenues for the month were composed of 41% in Wireless Sales and 59% in Telecom Sales. Although the Retail division was still operational in January, these results do not include any Retail Sales as the Company has divested itself from this division.
“These astounding results are evidence that TelePlus’ strategic purchase of certain assets of Liberty Wireless was the right move for the Company. I’m very proud that we have been able to fully integrate the Wireless division into the TelePlus group of companies.” said Marius Silvasan, CEO of TelePlus. “We are extremely enthusiastic on the growth that TelePlus will take in the upcoming year.” added Silvasan
“We anticipate that the investor community will react positively to these historic financial results as they clearly demonstrate that our management team is focused on driving our future growth and meet the competitive realities of the market.” said Kelly McLaren, President of TelePlus. “We have divested ourselves from the money-losing retail division, therefore, these groundbreaking results reflect the performance of our business without retail” added McLaren.
The Company invites its investors and analysts to watch the interview, CEO Marius Silvasan gave on the floor of the AMEX on February 24 2006 at http://media4.streamtoyou.com/cadavis/TLPE.wmv
About TelePlus (OTCBB: TLPE) http://www.TelePlus.ca
TelePlus Enterprises, Inc. (“TelePlus”) is a provider of Wireless and Telecom products and services across North America. TelePlus Connect, Corp. -- is a reseller of a variety of Telecom services including landline, long distance and internet services. TelePlus Wireless, Corp. -- under the brand name “Liberty Wireless” -- operates a virtual wireless network selling cellular network access to distributors in the United States. www.telepluswireless.com, www.libertywireless.com and www.vivaliberty.com are among some of the websites operated by TelePlus.
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The statements which are not historical facts contained in this press release are forward-looking statements that involve certain risks and uncertainties, including but not limited to risks associated with the uncertainty of future financial results, additional financing requirements, development and acquisition of new product lines and services, government approval processes, the impact of competitive products or pricing from technological changes, the effect of economic conditions and other uncertainties, and the risk factors set forth from time to time in the Company's SEC reports, including but not limited to its annual report on Form 10-KSB; its quarterly reports on Forms 10-QSB; and any reports on Form 8-K. TelePlus Enterprises, Inc. takes no obligation to update or correct forward-looking statements.
To hear more about TelePlus Enterprises Inc., from CEO Marius Silvasan, please visit:
http://www.publiccoreport.net/featured/TLPE/company.asp
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