MONTREAL, Sept. 27, 2005 (PRIMEZONE) -- TelePlus Enterprises, Inc. (OTCBB:TLPE) (http://www.teleplus.ca) is pleased to announce that Investology has released an updated research report on the Company reiterating its positive investment outlook. The report comes just one day after the Company announced its best month ever.
Monday, after the bell, the company announced that its revenues more than doubled reaching US$2.4M (114% increase) as compared to $1.1M for the same month a year ago. With revenues in excess of $11M for the YTD and still 4 months to go in its 2005 fiscal period the Company anticipates revenues in excess of $20M by the end of the year representing a 64% increase versus last year.
The report can be downloaded from Investology's Website at: http://www.investologyinc.com/paid.asp
Investors can find additional details in an exclusive AudioNews Interview by visiting http://www.audiostocks.com.
The report can also be found on the Company's website at the following address: http://www.teleplus.ca/investors.php
About TelePlus http://www.teleplus.ca
TelePlus Enterprises, Inc. ("TelePlus") is a vertically integrated provider of wireless and landline products and services across North America. The Company's retail division -- 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. TelePlus Wireless, Corp. operates a virtual wireless network selling cellular network access to distributors in the United States. TelePlus Connect, Corp. is a reseller of landline and long distance services including Internet services.
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.