SOURCE: TelePlus Enterprises, Inc.

May 23, 2006 06:30 ET

Investology Maintains Its "Positive" Outlook for TelePlus Enterprises, Inc. and 2006 Revenue Run-Rate of $30 Million

NEW YORK, NY -- (MARKET WIRE) -- May 23, 2006 -- Investology Inc. ("Investology") released today its quarterly update research report for TelePlus Enterprises, Inc (OTCBB: TLPE) (FRANKFURT: YT3) ("TelePlus" or "Company"). Investology maintains its "Positive" outlook for TelePlus and reiterates its FY06 year revenue estimate of $30 million. TelePlus released record-breaking financial results for 1QFY06 with revenues of $6.79 million and EBITDA was $676,102.

TelePlus recently purchased certain assets of Liberty Wireless from InPhonic Inc. and has been operating the MVNO since January 2006 which is powered by the Sprint nationwide PCS network. Industry analysts predict that the wireless prepaid industry will grow to $32 billion by 2008.

The complete updated research report is available at:

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Investology was started with the sole objective of providing institutional investors with unbiased, objective research. Investology's Research team focuses on six industry sectors: Financial Services, Real Estate, Technology, Healthcare, Energy, and Diversified Industrials. We focus on micro-cap and small-cap stocks, which lack coverage by traditional research firms or investment banks. Investology Inc., is headquartered in Virginia, with offices in New York and Toronto, Canada. Investology Research was ranked as the # 3 best performing independent research firm by BusinessWeek magazine in 2004, and was featured in the Entrepreneur magazine in 2005. Investology Research is distributed through major platforms such as First Call, and Bloomberg.

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