SOURCE: TelePlus Enterprises, Inc.

November 15, 2006 06:30 ET

TelePlus World Reports Third Quarter Sales of $5.8 Million, Record Operating Cash Flow of $1.7 million, Nine Month Sales of $19.1 Million

Third Quarter Earnings Webcast Today, 8:30 a.m. EST

MIAMI, FL -- (MARKET WIRE) -- November 15, 2006 -- TelePlus World, Corp. (OTCBB: TLPE) (FRANKFURT: YT3) (www.teleplusworld.com) ("TelePlus" or the "Company"), a wireless and telecom reseller offering specialized communications products and services in the U.S. and Canada, announced third quarter and nine month results. Third quarter revenues were $5,825,914 compared to $3,717,785 (excluding discontinued operations) for the same period last year, representing an increase of 57%. Operating Loss was $557,633 (including $281,221 in development costs associated to the launch of Maximo Impact during the quarter) compared to an Operating Income of $81,724 for the comparable earlier period. The Net loss was $554,770 (including an impact from other income[expense] items and development costs for Maximo Impact) compared to a Net Loss of $377,699 in the same period last year. Positive cash flow from operating activities remained strong reaching a record $1.7 million.

For the first nine months of the year wireless and telecom sales reached $7,072,045 and $12,001,090 respectively bringing total revenue to $19,073,134 compared to $4,281,273 (excluding discontinued operations) a year ago, representing an increase of 345%. Wireless and telecom operating income (before corporate allocation) reached $837,811 and $855,307 respectively. After Corporate allocation the operating loss was $96,241 compared to a loss of $299,974 from the same period last year. Net loss from continuing operations was $628,658 (including an impact from other income [expense] items, warrant expenses, and development costs associated to the launch of Maximo Impact) while the net loss was $877,266, reflecting a $248,608 write-off for the discontinued retail division, compared to a Net Loss of $1,706,041 for the same period last year.

CEO Marius Silvasan commented, "Third quarter results are in line with our expectations. Key events during the quarter were the launch of Maximo Impact and various call centers to support customer acquisition. Costs associated with the Maximo and call centers launch decreased operating income, but we anticipate reaping the benefits of our investment in future quarters. We also proved our ability to generate strong cash flow from operating activities which reached a record $1.7 million. We continue to work on implementing various marketing initiatives to increase customer acquisition.

"We have made several other key announcements during the quarter. For instance, our telecom division continued to dominate the municipalities market by earning various contracts for telecom and internet services; we substantially increased our distribution for Liberty and Maximo; and launched a faith-based wireless product through our association with FaithFone Mobile. Our market is growing and we intend to grow in an industry that analysts predict will surge to $32 billion by 2008 from $12 billion in 2005," added Silvasan.

We invite shareholders, brokers and analysts to join our Q3 Earnings webcast today at 8:30 am ET. The webcast can be accessed:

Web: http://phx.corporate-ir.net/playerlink.zhtml?c=144803&s=wm&e=1409326

Conference call: Dial-in number 1-888-396-2386 (overseas access +1-617-801-6888) -- conference ID 39040743

Shareholders and analysts are invited to send their questions, either before or during the webcast by email at investorrelation@teleplusworld.com as they will be addressed during the Q&A portion of the webcast.

About TelePlus World, Corp.

TelePlus World, Corp. ("TelePlus") (OTCBB: TLPE) http://www.teleplusworld.com as a diversified North American telecommunications company is a leading provider of wireless and telecommunications products and services. TelePlus, founded in 1999, has continued to grow organically and through strategic acquisitions. The company's wholly owned subsidiaries include Liberty Wireless, Corp. operating a prepaid MVNO (Mobile Virtual Network Operator) under the Liberty Wireless brand; Maximo Impact, Corp. operating a pay-as-you-go MVNO under the MX Mobile brand and Telizon, Inc. which resells landline, long distance and internet services under the Telizon, Freedom and Liberty brands. The company's websites include www.libertywireless.com, www.vivaliberty.com, www.maximoimpact.com and www.telizon.biz among others. The Company has offices in Miami, Florida; Cleveland, Ohio; Montreal, Quebec; and Barrie, Ontario.

To view the RedChip™ Visibility Research Report, Investology Research Report and Wall Street Research Report, please visit: http://www.teleplusworld.com/en/investors_resreports.php

To view the most recent video interview with our CEO, as well as other video interviews about TelePlus, please visit: http://www.teleplusworld.com/en/investors_multimedia.php

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 World, Corp. takes no obligation to update or correct forward-looking statements.

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