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TelePlus announces February results: Revenues Reached $2.1M and EBIDTA was $197k, confirming the growing trend of positive financial results

TelePlus announces February results: Revenues Reached $2.1M and EBIDTA was $197k, confirming the growing trend of positive finan

MONTREAL, March 23 /PRNewswire-FirstCall/ -- TelePlus Enterprises, Inc. (NASDAQ OTCBB: TLPE) (Frankfurt: YT3) (http://www.teleplus.ca/) ("TelePlus" or the "Company") today announced its February 2006 results and reported revenues of $2.1 million dollars. EBIDTA (defined as earnings before interest, depreciation, taxes and amortization) was $197,222 dollars and Earning per Share (before tax) were $0.002. Total revenues for the month were composed of 38% in Wireless Sales and 62% in Telecom Sales. This brings the year-to-date revenues to $4.3 million dollars and earnings at $97,936. Following the divestiture from the money-losing Retail division and the record-breaking January 2006 revenues, these results confirm the growing trend of positive financial results for TelePlus.

"TelePlus has truly been able to fully integrate its wireless division since the acquisition of certain assets of Liberty Wireless at the end of last year and generate remarkable financial results. We anticipate that this growing trend will continue to receive accolades from the investor community since it demonstrates that TelePlus' management team is poised to ensure the financial success of the Company." said Marius Silvasan, CEO of TelePlus. "These results don't take into account the fact that we are just starting to roll out our new marketing initiatives for the Wireless division. We can expect to notice their positive effects on our financials in the coming months." added Silvasan.

"We expect to grow our Wireless division in the months ahead as we put into place new marketing programs. TelePlus is a proud sponsor of the Intele- Card Expo in Miami which is currently underway and we expect to sign up new distributors for our Wireless products." said Kelly McLaren, President of TelePlus.

CEO Marius Silvasan will be a guest on Steve Crowley's American Scene radio show on Monday, March 27, 2006 at 10:42am and will discuss these results. The radio show can be heard via the web by clicking on the "National Radio" link at: http://www.moneychannel.tv/

About TelePlus (OTCBB: TLPE) http://www.teleplus.ca/

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.

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.

Watch the interview, CEO Marius Silvasan gave on the floor of the AMEX on February 24 2006 at http://media4.streamtoyou.com/cadavis/TLPE.wmv

TELEPLUS ENTERPRISES, INC.

CONTACT: Retail and Institutional IR Inquiries,
(866) 699-3388 ext 222, [email protected]; To subscribe to our
newsletters, please visit: http://www.teleplus.ca/investors.php

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