MONTREAL, Sept. 26, 2005 (PRIMEZONE) -- TelePlus Enterprises, Inc. (OTCBB:TLPE) (http://www.teleplus.ca), a vertically integrated provider of wireless and landline communications products and services across North America, is pleased to announce that preliminary results for August indicate the Company's consolidated revenues more than doubled reaching $2.4M (114% Increase) as compared to $1.1M for the same month a year ago. Total revenues were composed of 47% in Wireless Sales and 53% in Telecom Sales. The increase in revenues results from the recently completed acquisitions. In the last 6 months the Company closed 4 acquisitions increasing its revenue run rate by $15.6M. These acquisitions are also expected to contribute in excess of $2.9M to the Company's earnings (before taxes and depreciation) and have increased the Company's subscriber's lines by more than 23,000.
"We are very satisfied with the August results which are higher than anticipated. In the last two months we generated $4.7M in revenues bringing our YTD revenues in excess of $11M with 4 months to go before the end of the year. At this rate we anticipate reaching in excess of $20M (a 64% increase versus last year) in revenues for our 2005 fiscal period ending this December," stated Marius Silvasan, Company CEO. "These are very exciting times for our Company as we rollout our strategy delivering high growth and value to our shareholders while positioning our business in the prepaid wireless and telecom market in North America," added Silvasan.
Investors can find additional details in an exclusive AudioNews Interview by visiting http://www.audiostocks.com. This press release is available on the TelePlus' Investor Relation's site for investor questions, commentary and feedback. Investors are asked to visit http://www.agoracom.com and select the TelePlus Investor Relations HUB. Alternatively, investors can e-mail their questions or comments directly to TLPE@agoracom.com or asked to be placed on the TelePlus investor e-mail list to receive all future press releases directly.
About TelePlus http://www.teleplus.ca
TelePlus Enterprises, Inc. ("TelePlus") is a vertically integrated provider of wireless and landline products and services across North America. The Company's retail division -- TelePlus Retail Services, Inc. -- owns and operates a national chain of TelePlus branded stores in major shopping malls, selling a comprehensive line of wireless and portable communication devices. TelePlus Wireless, Corp. operates a virtual wireless network selling cellular network access to distributors in the United States. TelePlus Connect, Corp. is a reseller of landline and long distance services including internet services.
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 of 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.