SOURCE: TelePlus Enterprises, Inc.

December 01, 2005 06:00 ET

TelePlus Sales Jumped by 89% in October Versus Same Month a Year Ago

MONTREAL -- (MARKET WIRE) -- December 1, 2005 -- TelePlus Enterprises, Inc. (OTC BB: TLPE) ( (Frankfurt: YT3), is pleased to announce that October sales reached $2.06M, an 89% increase versus sales of $1.09M for the same month a year ago. Total revenues were composed of 35% in Wireless Sales and 65% in Telecom Sales. YTD Sales now reach $15.28M, a 65% increase versus sales of $9.27M for the same period a year ago. The Company's subscriber line count reached 25,340 as of October 31st.

"October results continue to be strong and on target. Based on current market conditions we anticipate to reach our 2005 revenue objective of $20M (a 64% increase versus last year) by the end of the year," stated Marius Silvasan, Company CEO. "Our sales initiatives are rolling out well and we expect continued strong results for the last two months of the year," added Silvasan.

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 asked 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.

Contact Information