TelePlus Enterprises, Inc.

MONTREAL, March 23 /PRNewswire-FirstCall/ - TelePlus Enterprises, Inc. (NASDAQ OTCBB: TLPE - News; Frankfurt: YT3 - News; 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.

Comment - This a client of ours and we love this company. Great Management Team with good business plan.

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