SOURCE: TelePlus Enterprises, Inc.

October 26, 2005 05:00 ET

TelePlus Delivers Record Q3 Results: Sales Jump 105%

MONTREAL -- (MARKET WIRE) -- October 26, 2005 -- TelePlus Enterprises, Inc. (OTC BB: TLPE) ( is pleased to announce that Q3 sales ending September 30th reached $6.85M, a 105% increase versus sales of $3.34M for the same period a year ago. Total revenues were composed of 45% in Wireless Sales and 55% in Telecom Sales. September sales doubled reaching $2.22M, bringing YTD revenues over $13.27M (a 62% Increase) versus the same period a year ago. The Company's subscriber line count reached 25,500 as of September 30th.

"Q3 results are very strong and on target with our expectations. The increase in sales is the result of the recently completed acquisitions and organic growth of our business. We anticipate continued organic growth throughout the 4th quarter. Based on current market conditions we anticipate Q4 sales to reach $7 to 8M bringing 2005 full year revenues in excess of the $20M (a 64% increase versus last year) target set earlier this year," stated Marius Silvasan, Company CEO. "From an operator of retail stores offering a variety of wireless and data products we have emerged over the last 12 months to a full telecom and wireless provider, and we did this while doubling the size of our company," added Silvasan.

Q3 financial results will be released mid-November.

This press release is available on the TelePlus' Investor Relation's site for investor questions, commentary and feedback. Investors are asked to visit and select the TelePlus Investor Relations HUB. Alternatively, investors can e-mail their questions or comments directly to or ask to be placed on the TelePlus investor e-mail list to receive all future press releases directly.

About TelePlus

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. -- operates a virtual wireless network selling cellular network access to distributors in the United States. 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.

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.

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