Wireless Devices Vendor TelePlus to Acquire Telizon in $12m Deal
Deal to Double the Size of TelePlus by Adding US$12M in Revenue and US$1.6M in EBITDA per Year
Acquisition to immediately increase revenues by USD$12 million (97%) versus 2004 preliminary numbers; Commercial and residential lines by 18,000 to 21,300; To allow TelePlus to leapfrog its business plan by more than 18 months
-/26 Jan, 2005 - Wi-Fi Technology News/- TelePlus Enterprises, Inc. (OTCBB: 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.
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