Jun

27

Teleplus?

Filed Under Retail 

TelePlus Enterprises, Inc. (Symbol: TLPE) is a vertically integrated provider of wireless and landline products and services in Canada and the United States. The Company’s retail division, TelePlus Retail Services, Inc., owns and operates a national chain of TelePlus branded stores in shopping malls, selling a line of wireless and portable communication devices. TelePlus Wireless, Corp., a subsidiary of the Company, operates a virtual wireless network selling cellular network access to distributors in the United States. TelePlus Connect is a reseller of landline and long-distance services, including Internet services. TelePlus has a diversified product mix that is complemented with accessory offerings.

Recently they announced that they have entered into direct marketing agreements with 4 business-to-consumer Telemarketing Firms in the US. The Firms will be working closely with TelePlus Wireless, Corp.’s sales team which has identified several market segments to direct their efforts to. TelePlus’ mobile brand, Liberty Wireless, has developed a solid customer base among what is commonly referred to in the industry as the “unbanked” segment, currently estimated at around 10% of the US population. These marketing initiatives will specifically target those segments in order to grow Liberty’s customer base and generate additional revenue for TelePlus.

“TelePlus reached record revenues for Q1 of $6.79 million with positive EBITDA and Net Income. These types of marketing initiatives should help us in reaching our goal of $30 million in revenue for 2006,” commented Marius Silvasan, CEO of TelePlus.

Above is their 6 month stock performance. The stock was once traded as high as 50 cents/share; then somehow it started going down and currently it’s traded at 19 cents/share. It is very disappointing looking at the stock performance - but hey, this time might be the right time to buy them since it’s traded at a very low price/share.

Quote of the Day:
I don’t try to jump over 7-foot bars, I look around for 1-foot bars that I can step over. - Warren Buffett

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