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Article Excerpt
MONTREAL, May 15 /PRNewswire-FirstCall/ -- TelePlus Enterprises, Inc. (NASDAQ OTCBB: TLPE) (Frankfurt: YT3.F) (http://www.teleplus.ca/) ("TelePlus" or the "Company") posted last Friday its full financial results for the quarter ending March 30, 2006 ("Q1"). Total revenues reached $6,797,553. This represents the largest revenue recorded in a single quarter for the Company. EBITDA (defined as earnings before interest, taxes, depreciation and amortization) was positive at $676,102. Net Income from Continuing Operations was $198,502. After a one-time write-off from Discontinued Operations, Net Income was $37,151. Discontinued Operations represent the divestiture of the Retail operation in Q1. Cash flow from operations was also positive $296,729 for the quarter.
Marius Silvasan, Company CEO...
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