ORLANDO, Fla., Jan. 10, 2007 (PRIME NEWSWIRE) -- RedChip Visibility, a division of RedChip Companies, announced today that it has issued a research update on TelePlus Enterprises, Inc. (OTCBB:TLPE).
Jin Xing, MBA, CFA Level 1 Candidate, RedChip Research Analyst, wrote in the report:
"Revenue for the nine months ended Q3 FY06 surged to $19 million as compared to $4.2 million for the same period in FY05, representing a 346 percent increase. This increase was attributed to strategic acquisitions made by the Company since June, 2005, as well as an increase in demand for prepaid service. TLPE generated $5.8 million of revenue in Q3 FY06, up 57 percent from the same quarter figure one year prior. Meanwhile, the Company experienced an operating loss of $557,633 in Q3 as compared to an operating income of $81,724 in the comparable quarter last year. The loss was attributed to costs associated with the launch of its MX mobile brand. Since Q3 ended following the launch of the new brand, total costs were incurred and recognized in Q3, while only a small portion of the revenue was captured from the new brand rollout. Management believes that TLPE is well positioned to capitalize on the anticipated strong demand for MX mobile products in Q4 and beyond."
To receive a complimentary copy of the RedChip Visibility research update for TLPE, please visit: http://www.redchip.com/visibility/about.asp?page=requestTLPE_Q3_2006.
About RedChip Visibility(tm)
RedChip Visibility Research, a division of RedChip Companies Inc., writes fundamental research on small-cap companies. RedChip's success has been documented in Forbes, Barron's and the Wall Street Journal. At RedChip, achieving better visibility starts with a thorough understanding of our client's corporate profile, financial landscape, and institutional perception.
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RedChip Visibility Research Disclosure
Any opinions expressed herein are subject to change. RedChip Companies Inc. is an affiliate of the Aurelius Consulting Group, Inc. TelePlus Enterprises, Inc. is a client of the Aurelius Consulting Group, Inc. and of RedChip Visibility, a division of RedChip Companies. TLPE paid RedChip Visibility $15,000 for this report and 15,500 shares of Rule 144 stock for the RedChip Visibility program. RedChip Visibility, a division of RedChip Companies, Inc., and the Aurelius Consulting Group Inc., in a joint marketing agreement have been contracted by TelePlus Enterprises, Inc. to increase investor awareness of TLPE to the small-cap equity community. These services may include investor conferences and digital and print distribution of TLPE investor related materials. RedChip Visibility and the Aurelius Consulting Group Inc. will receive $8,000 per month and 15,800 shares of Rule 144 stock quarterly for these services.