posted
TelePlus Reports Preliminary Q4 Revenues of $US 5.8Million, 45% Gain Over Last Year; Full Year Revenues Sky Rocket 56% to $US 19Million 2/2/06
MONTREAL, Feb 02, 2006 (MARKET WIRE via COMTEX) -- TelePlus Enterprises, Inc. (OTC BB: TLPE) (Frankfurt: YT3) (http://www.teleplus.ca) ("TelePlus" or the "Company") today announced that preliminary fourth quarter results indicate revenues of US $5.8 million, representing a substantial 45% increase over the same period last year in which the Company reported revenues of US $4.0 million. Fourth quarter results bring the Company's full year revenues to $19M, an increase of 56% over the previous year. Total revenues for the quarter were composed of 35% in Wireless Sales and 65% in Telecom Sales. As previously announced, October sales reached $2.06M, an 89% increase versus sales of $1.09M for the same month one year ago. Sales in November and December were equally robust, with each month contributing revenues of $1.99M and $1.8M respectively.
"Our fourth quarter and full year results are definitive proof that the foundation that TelePlus paved in 2005 for its emergence as a full-service, North American wireless and telecom provider, is rock-solid," stated CEO and Chairman of TelePlus, Marius Silvasan. "We said in early 2005 that we would see significant sales revenues, to the tune of $20M, by year's end and we delivered on our commitment. While our full year revenues would have been greater by approximately $1M had we decided to close on the Canada Reconnect acquisition, we felt that the long-term interests of our shareholders would be better served by pursuing the Liberty Wireless acquisition instead. We anticipate that the Liberty transaction, on a stand-alone basis, will generate an additional $14M in revenues for the Company this year. Our Q4 results do not include the impacts of the Liberty acquisition closed on Dec 31. We expect the impacts of Liberty to be seen as of January of this year. We are thus off to a running start for 2006 and expect even more impressive revenues at year-end as the shared efficiencies of acquisitions made by our telecom division in 2005 are more fully felt, and as our wireless division accelerates its sales and marketing initiatives in respect of the flagship Liberty Wireless brand. 2006 promises to be a banner year for TelePlus and we invite investors to join us as we journey to the pinnacle of the wireless and telecom re-sell industry," Silvasan concluded.
Final results for the Company's fourth quarter and year end are scheduled for release at the end of March.
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.
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
-------------------- Trading is a blast!!
IP: Logged |
quote:Originally posted by matto: TelePlus Reports Preliminary Q4 Revenues of $US 5.8Million, 45% Gain Over Last Year; Full Year Revenues Sky Rocket 56% to $US 19Million 2/2/06
This one looks nice, I think I'll take a bite. Hope it doesn't leave a rotten taste in my mouth....
GL, and thanks for the heads-up Matto.
-------------------- One is never completely useless. One can always serve as a bad example.
IP: Logged |
quote:Originally posted by matto: TelePlus Reports Preliminary Q4 Revenues of $US 5.8Million, 45% Gain Over Last Year; Full Year Revenues Sky Rocket 56% to $US 19Million 2/2/06
This one looks nice, I think I'll take a bite. Hope it doesn't leave a rotten taste in my mouth....
GL, and thanks for the heads-up Matto.
Dangit... I never got a fill... Moved nice today though.
-------------------- One is never completely useless. One can always serve as a bad example.
IP: Logged |
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
