MONTREAL, March 21, 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 today announced that preliminary results indicate total number of handset sales for January reached 3,125 handsets and February reached 3,167--an increase of 46% and 66% respectively compared to the same months a year ago. Same store average sales remained unchanged for the two periods.
"Although the first quarter historically is our slowest performing quarter, January and February handset sales continued to be strong," stated company CEO Marius Silvasan. "The addition of the VIRGIN MOBILE brand throughout our stores in March should positively impact our performance moving forward," added Silvasan.
Investors are asked to e-mail all questions and correspondence to TLPE@agoracom.com, where they can also request to be added to the TelePlus investor e-mail list to receive all future press releases and updates 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 a 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.