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| | Business Summary: Teleplus World, Corp., through its subsidiaries, provides wireless and telecommunications products and services in the United States and Canada. The company's products include landline, long distance, Internet, and specialized telecom financial management services. | | | Address
4960 NW 165th St Unit B24
Miami Lakes
, FL 33014-6333
Phone: 305-624-5714
Fax: 514-344-8675
Website: http://www.teleplusworld.com
| | | Transfer Agent |
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Transfer Online, Inc.
| Employees: 45
ShareHolders: 90 | Founded: 1999
Domicile: Nevada | | | |
| | Teleplus World, Corp., through its subsidiaries, provides wireless and telecommunications products and services in the United States and Canada. The company's products include landline, long distance, Internet, and specialized telecom financial management services. It provides various services to small and mid size business and residential customers. Teleplus World distributes its products through its Web sites, third party Web sites, selected distributors, and through direct marketing initiatives. The company was founded in 1999 and is based in Miami, Florida with offices in Miami, Florida; and Barrie, Canada. Teleplus World, Corp. On March 5, 2009, Teleplus World, Corp filed a voluntary petition for reorganization under Chapter 11 in the US Bankruptcy Court for the Southern District of Florida, Miami. | | History: INCORPORATED in Nevada Apr. 16, 1999, as Terlingua Industries Ltd.; name changed to HerbalOrganics.com, Inc. Jan. 27, 2000; to Teleplus Enterprises, Inc. Oct. 10, 2003; and to Teleplus World Corp. Oct. 30, 2006.
October 1, 2003, Teleplus Retail Services, Inc., a wholly owned subsidiary of the company, acquired certain assets from, and assumed certain liabilities of, 3577996 Canada Inc. | | | | Subsidiaries: |
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Teleplus Retail Services, Inc.
| | | | | | Capital Expenditures, thousand. US Dollars |
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| Year | Amount | | 2007 | 25 |
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Management
|
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| Officers | Position |
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| Marius Silvasan | Chairman & Chief Executive Officer | | Cris M. Neely | Chief Financial Officer | | Cris Neely | Investor Relations Contact |
| | Directors |
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| Carlos I. Cardelle | | Gordon Chow | | Michael Karpheden | | Cris M. Neely | | Marius Silvasan | | Hakan Wretsell | | | |
| | | | Capitalization as of 03/31/2008: | | | | | Authorized Shares | Outstanding Shares |
|---|
| Common $0.001 par | 1,500,000,000 | 234,893,793 | | Class A Preferred $0.001 par | 10,000,000 | None |
| | | | LONG TERM DEBT: $3,592,268. | | | | Common $0.001 par | | | |
Stockholders:
03/17/2008,
90.
| | PRINCIPAL STOCKHOLDERS: March 17, 2008, Marius Silvasan owned about 25.4% of the Common. | | | |
Transfer Agent: Transfer Online, Inc.
Portland
, OR | | | | OTC Bulletin Board( Primary): TLPEQ | | | | Exchange | Year | High | Low |
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| OTC Bulletin Board | 2008 | 0.0100 | 0.0000 | | OTC Bulletin Board | 2007 | 0.1300 | 0.0040 | | OTC Bulletin Board | 2006 | 0.5000 | 0.0710 | | OTC Bulletin Board | 2005 | 0.5500 | 0.1500 | | OTC Bulletin Board | 2004 | 2.8200 | 0.3200 |
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| | | | DIVIDENDS: Common $0.001 par: None. | | | | | |
| | Annual Report |
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| | | Income Statement | |
| 2007 | 2006 |
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| OPERATING REVENUES |
|
| | Revenues | $17,380,124 | $15,904,049 | | OPERATING COSTS AND EXPENSES |
|
| | Costs of services (exclusive of depreciation and amortization) | 12,384,786 | 10,934,915 | | Payroll, professional fees and related expenses | 3,737,675 | 3,447,978 | | Advertising and marketing expenses | 233,911 | 693,066 | | Office rent and expenses | 143,516 | 200,739 | | Other general and administrative expenses | 657,100 | 881,191 | | Depreciation and amortization | 885,978 | 857,013 | | Total Operating Expenses | 18,042,966 | 17,014,902 | | OPERATING INCOME (LOSS) | (662,842) | (1,110,853) | | OTHER INCOME (EXPENSE) |
|
| | Amortization of deferred finance fees | (428,669) | (342,108) | | Warrant expense | 0 | (182,419) | | Amortization of debt discount | (3,737,410) | (2,747,485) | | Interest expense | (2,678,434) | (2,164,281) | | Gain (loss) on debt extinguishment | (119,380) | 0 | | Gain (loss) on derivative liability | 3,728,661 | 3,527,249 | | Total Other Income (Expense) | (3,235,232) | (1,909,044) | | NET INCOME (LOSS) BEFORE PROVISION |
|
| | FOR INCOME TAXES | (3,898,074) | (3,019,897) | | Provision for Income Taxes | 0 | 0 | | NET INCOME (LOSS) FROM CONTINUING OPERATIONS | (3,898,074) | (3,019,897) | | NET INCOME (LOSS) FROM DISCONTINUED OPERATIONS | (2,065,922) | 321,123 | | NET INCOME (LOSS) | (5,963,996) | (2,698,774) | | NET INCOME (LOSS) PER BASIC SHARES |
|
| | From continuing operations | $(0.03) | $(0.03) | | From discontinued operations | $(0.01) | $- | | * | $(0.04) | $(0.03) | | NET INCOME (LOSS) PER DILUTED SHARES |
|
| | From continuing operations | $(0.03) | $(0.03) | | From discontinued operations | $(0.01) | $- | | * | $(0.04) | $(0.03) | | WEIGHTED AVERAGE NUMBER OF COMMON |
|
| | SHARES OUTSTANDING - BASIC | 142,046,123 | 98,452,457 | | WEIGHTED AVERAGE NUMBER OF COMMON |
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| | SHARES OUTSTANDING - DILUTED | 2,483,016,038 | 296,848,568 | | COMPREHENSIVE INCOME (LOSS) |
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| | Net income (loss) | $(5,963,996) | $(2,698,774) | | Other comprehensive income (loss) |
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| | Currency translation adjustments | $1,400,857 | $164,564 | | Comprehensive income (loss) | $(4,563,139) | $(2,534,210) | | The accompanying notes are an integral part of the consolidated financial statements. |
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| | Operating Income As Calculated |
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| | Depr. and Amort. |
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| | Fixed Charges Coverage: |
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| | Available for Fixed Charges |
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| | Gross Fixed Charges |
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| | Fixed Charges Times Earnings |
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| | Fixed Charges Coverages and Preferred Dividends Times Earnings |
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| | Capital Expenditures |
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| | Research & Development Expenditures |
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| | | | Balance Sheet | |
| 2007 | 2006 |
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| ASSETS |
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| | Current Assets: |
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| | Cash and cash equivalents | $397,395 | $1,147,026 | | Accounts receivable, net - trade | 1,393,425 | 1,173,451 | | Other accounts receivable | 369,437 | 151,290 | | Prepaid expenses and other current assets | 75,025 | 186,079 | | Current Assets held from discontinued operations | 265,840 | 507,031 | | Total Current Assets | 2,501,122 | 3,164,877 | | Fixed assets, net of depreciation | 692,210 | 668,103 | | Fixed assets, net of depreciation from discontinued operations | 0 | 93,276 | | Total Fixed Assets | 692,210 | 761,379 | | Other Assets: |
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| | Intangible assets, net | 6,052,250 | 5,721,011 | | Goodwill | 9,581,787 | 8,878,404 | | Deferred financing fees, net of amortization | 692,535 | 894,348 | | Deferred connection charges, net of amortization | 272,404 | 171,662 | | Deferred income taxes | 42,159 | 35,493 | | Other Assets held from discontinued operations | 900,000 | 1,843,571 | | Total Other Assets | 17,541,135 | 17,544,489 | | TOTAL ASSETS | 20,734,467 | 21,470,745 | | LIABILITIES AND SHAREHOLDERS' EQUITY (DEFICIT) |
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| | LIABILITIES |
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| | Current Liabilities: |
|
| | Accounts payable and accrued expenses | $6,065,871 | $3,520,095 | | Current portion of accrued acquisition obligations | 621,580 | 2,790,297 | | Current portion of convertible debentures, net of discount | 5,238,401 | 72,033 | | Unearned revenue | 621,557 | 515,207 | | Derivative liability | 7,076,598 | 7,807,739 | | Liabilities held by discontinued operations | 1,896,439 | 2,241,272 | | Total Current Liabilities | 21,520,446 | 16,946,643 | | Long-term Liabilities: |
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| | Accrued acquisition obligations, net of current portion | 1,660,094 | 2,302,703 | | Convertible debentures, net of discount | 1,750,723 | 3,812,858 | | Total Long-term Liabilities | 3,410,817 | 6,115,561 | | Total Liabilities | 24,931,263 | 23,062,204 | | SHAREHOLDERS' EQUITY (DEFICIT) |
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| | Class A Preferred stock, $0.001 Par Value; 10,000,000 shares |
|
| | authorized | 0 | 0 | | Common stock, $0.001 Par Value; 1,500,000,000 shares authorized |
|
| | and 158,371,756 shares in 2007, |
|
| | and 122,781,419 shares in 2006 issued and outstanding, | 158,372 | 122,782 | | Additional paid-in capital | 9,410,039 | 7,487,827 | | Accumulated deficit | (15,242,042) | (9,278,046) | | Accumulated other comprehensive income | 1,476,835 | 75,978 | | Total Shareholders' Equity (Deficit) | (4,196,796) | (1,591,459) | | TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY (DEFICIT) | 20,734,467 | 21,470,745 | | The accompanying notes are an integral part of the consolidated financial statements. |
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| | Net Working Capital |
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| | Equity per Share |
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| | Depr. and Amort. Reserve |
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| | Preferred Shares Issued |
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| | Common Shares Issued |
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| | Treasury Shares - Preferred |
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| | Treasury Shares - Common |
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| | Interim Report
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| | | Data Not Available | | | | | | | | | |
| | Pro Forma Report
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| | | Data Not Available | | | | | | | | | |
| | Quarterly Report Information
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| | | Quarterly Revenue, US$ |
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| Year | Quarter | Revenue | | 2008 |
1 | 4,810,000 | | 2008 |
2 | 4,900,000 | | 2008 |
3 | 4,820,000 | | 2007 |
1 | 5,370,000 | | 2007 |
2 | 5,330,000 | | 2007 |
3 | 5,700,000 | | 2007 |
4 | 980,000 | | 2007 |
Full Year
| 17,380,000 | | 2006 |
1 | 6,800,000 | | 2006 |
2 | 6,450,000 | | 2006 |
3 | 5,830,000 | | 2006 |
Full Year
| 24,670,000 | | 2005 |
1 | 2,960,000 | | 2005 |
2 | 3,460,000 | | 2005 |
3 | 6,810,000 | | 2005 |
Full Year
| 8,090,000 | | 2004 |
1 | 2,380,000 | | 2004 |
2 | 2,460,000 | | 2004 |
3 | 3,340,000 | | 2004 |
Full Year
| 12,180,000 | | 2003 |
Full Year
| 7,650,000 |
| | | | | | Quarterly Net Income, US$ |
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| Year | Quarter | Revenue | | 2008 |
1 | (1,120,000) | | 2008 |
2 | (1,290,000) | | 2008 |
3 | (1,090,000) | | 2007 |
1 | (2,280,000) | | 2007 |
2 | (10,000) | | 2007 |
3 | (2,550,000) | | 2007 |
4 | 940,000 | | 2007 |
Full Year
| (3,900,000) | | 2006 |
1 | 200,000 | | 2006 |
2 | 2,630,000 | | 2006 |
3 | (550,000) | | 2006 |
Full Year
| (2,431,300) | | 2005 |
1 | (570,000) | | 2005 |
2 | (750,000) | | 2005 |
3 | (200,000) | | 2005 |
Full Year
| (598,500) | | 2004 |
1 | (350,000) | | 2004 |
2 | (260,000) | | 2004 |
3 | (220,000) | | 2004 |
Full Year
| (1,074,000) | | 2003 |
Full Year
| (715,800) |
| | | | | | Quarterly EPS, US$ |
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| Year | Quarter | Revenue | | 2008 |
1 | (.01) | | 2008 |
2 | Nil | | 2008 |
3 | Nil | | 2007 |
1 | (.02) | | 2007 |
2 | Nil | | 2007 |
3 | (.02) | | 2007 |
4 | .01 | | 2007 |
Full Year
| (.03) | | 2006 |
1 | .02 | | 2006 |
2 | .01 | | 2006 |
3 | (.01) | | 2006 |
Full Year
| (.03) | | 2005 |
1 | (.01) | | 2005 |
2 | (.01) | | 2005 |
3 | Nil | | 2005 |
Full Year
| (.01) | | 2004 |
1 | (.01) | | 2004 |
2 | Nil | | 2004 |
3 | Nil | | 2004 |
Full Year
| (.02) | | 2003 |
Full Year
| (.01) |
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