TelePlus Enterprises...(TLPE)
Press Release:
TelePlus
to Acquire Telizon in Deal to Double the Size of TelePlus by Adding US$12M
in Revenue and US$1.6M in EBITDA per Year
Acquisition will
immediately increase revenues by $12 million, will increase commercial and
residential lines by 18,000 to 21,300, allows TLPE to leapfrog ahead in its
business plan by eighteen months.
TLPE, which owns and
operates 39 TelePlus-branded stores in major shopping malls selling a variety of
wireless and portable communication devices, is pleased to announce today that
it has signed a Definitive Agreement (SPA) for the acquisition of 100% of the
shares of Telizon Inc., a reseller of landline and long distance services as
well as an Internet service provider.
Following the
closing of the transaction, Telizon will be rolled into TelePlus Connect Corp.
("TelePlus Connect") thereby bringing TelePlus Connect's annual
revenues to $14.5M and EBITDA to $1.9M.
To view the Full Press Release
please visit
http://biz.yahoo.com/iw/050126/079687.html
For the Full Profile on TLPE please visit http://www.smallcapreview.com/tlpe.htm
Approximate
Shares Outstanding: 67M
Market
Cap: $23.5M
Recent
Price: $0.35
Website:
http://www.teleplus.ca
Overview
TelePlus Enterprises, Inc. is emerging as a
new market leader in the rapidly growing wireless and portable
communications industry in North America. From its small-chain roots in
Canada, the company is now planning a network of 500 unique wireless retail
locations and distributors by 2008.
The recent emergence of TelePlus as a
potentially dominant player within the North American wireless
communications sector is best characterized by a series of milestone
initiatives over the past 12 months that have set the stage for accelerated
North American expansion and record revenues through the current fiscal year
and beyond.
TLPE
Investor Highlights
- TelePlus is enjoying exceptional revenue
growth: 240% annually over the past three years.
- TelePlus has embarked on an accelerated
growth path organically and through acquisitions expected to yield
significant shareholder value. Such growth will come through the
development of Company operated wireless stores and the implementation
of the Company??™s Mobile Virtual Network Operator (MVNO) and landline
telephony service.
- TelePlus announced that it
is acquiring Telizon, Inc., a reseller of landline and long distance
services as well as an internet service provider. This acquisition will
essentially double the size of TelePlus and after being rolled in to
TelePlus Connect Corp., will result in bringing TelePlus Connect's
revenues to $14.5M and EBITDA to $1.9M. The acquisition of Telizon, once
completed, would leapfrog the Company's business plan by 18 months
increasing TelePlus' revenue run rate to $30M and yield yearly EBITDA
earnings well in excess of 1.0 Million.'
- Projections call for TelePlus Connect, the
newly formed subsidiary following the transaction of Keda Consulting
Corp., and Freedom Phone Lines, to pick up $60 million in revenues and
$16.1 million in EBITDA over the next 60 months. Over the next 48
months, the company anticipates over $41 million in revenues, and $10.8
million in EBITDA. These numbers do not include any revenues the company
is already producing from other divisions.
- TelePlus??™ seasoned and experienced
management team is familiar with all aspects of the rapidly growing and
changing cellular communications business.
- The wireless market is the fastest growing
consumer segment in history.
- The prepaid US market is expected to reach
US $32.1 billion by 2008 and the prepaid wireless sales are expected to
represent the lion share of this market.
- TelePlus is well positioned to capture the
growth of the US prepaid wireless market with its MVNO program.
Profile
Rapid Revenue Growth ??“ Strong Future
TelePlus is a leading and respected wireless
retail chain that today owns and operates more than 40 successful wireless
retail outlets. Revenues have grown at a rate of approximately 240%
annually, up from US $1.4 million in 2000 to an estimated US$13.0 million in
2004, representing over 10 consecutive quarters of record growth. But
that??™s just the start of the TelePlus story. The Company has also embarked
on a smart and ambitious growth plan that has aligned this successful chain
store
operation with some of the biggest names in retail.
Recent
News and Press Releases
TelePlus
to Acquire Telizon in Deal to Double the Size of TelePlus by Adding US$12M
in Revenue and US$1.6M in EBITDA per Year
TELEPLUS
ENTERPRISES INC Files SEC form 8-K, Change in Accountant
TelePlus
Reports Preliminary Q4 Revenues Up 52% to $4.2M USD; Annual Revenues Up 62%
to $12.4M USD
TelePlus
to Access up to 700 Points of Distribution Through Nation Wide Distribution
Agreement With Mr. Prepaid; More Beneficial Than Acquisition
TelePlus
Reports a 45% Increase in Annual Wireless Sales
TelePlus'
Acquisition to Pick Up $60M in Revenue and $16.1M in EBITDA Over the Next 60
Months
TelePlus
Acquires Keda Consulting Corp. and Freedom Phone Lines in Deal Planned to
Add Over $20 Million in Sales and $6 Million in EBITDA Within 48 Months
For the Full Profile on TLPE please visit http://www.smallcapreview.com/tlpe.htm
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