OTC Bulletin Board

S & P Company Insight for TELEPLUS WORLD CORP
 
 Profile

 
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
  Transfer Online, Inc.
Employees:  45
ShareHolders:  90
Founded:  1999
Domicile:  Nevada
 
  
 
 Background

 
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:
Teleplus Retail Services, Inc.
 
 
Capital Expenditures, thousand. US Dollars
  Year  Amount
  2007  25
  2006  145
  2005  126
 
 
  
 
 Management

 

Management
OfficersPosition
 Marius  SilvasanChairman & Chief Executive Officer
 Cris M. NeelyChief Financial Officer
 Cris  NeelyInvestor Relations Contact

Directors
 Carlos I. Cardelle
 Gordon  Chow
 Michael  Karpheden
 Cris M. Neely
 Marius  Silvasan
 Hakan  Wretsell
 
  
 
 Annual Report

 
Annual Report
 
Income Statement
  20072006
OPERATING REVENUES
Revenues$17,380,124$15,904,049
OPERATING COSTS AND EXPENSES
Costs of services (exclusive of depreciation and amortization)12,384,78610,934,915
Payroll, professional fees and related expenses3,737,6753,447,978
Advertising and marketing expenses233,911693,066
Office rent and expenses143,516200,739
Other general and administrative expenses657,100881,191
Depreciation and amortization885,978857,013
Total Operating Expenses18,042,96617,014,902
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 liability3,728,6613,527,249
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 Taxes00
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 - BASIC142,046,12398,452,457
WEIGHTED AVERAGE NUMBER OF COMMON
SHARES OUTSTANDING - DILUTED2,483,016,038296,848,568
COMPREHENSIVE INCOME (LOSS)
Net income (loss) $(5,963,996)$(2,698,774)
Other comprehensive income (loss)
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.
Operating Income As Calculated
Depr. and Amort.
Fixed Charges Coverage:
Available for Fixed Charges
Gross Fixed Charges
Fixed Charges Times Earnings
Fixed Charges Coverages and Preferred Dividends Times Earnings
Capital Expenditures
Research & Development Expenditures
 
Balance Sheet
  20072006
ASSETS
Current Assets:
Cash and cash equivalents$397,395$1,147,026
Accounts receivable, net - trade1,393,4251,173,451
Other accounts receivable369,437151,290
Prepaid expenses and other current assets75,025186,079
Current Assets held from discontinued operations265,840507,031
Total Current Assets2,501,1223,164,877
Fixed assets, net of depreciation692,210668,103
Fixed assets, net of depreciation from discontinued operations093,276
Total Fixed Assets692,210761,379
Other Assets:
Intangible assets, net6,052,2505,721,011
Goodwill9,581,7878,878,404
Deferred financing fees, net of amortization692,535894,348
Deferred connection charges, net of amortization272,404171,662
Deferred income taxes42,15935,493
Other Assets held from discontinued operations900,0001,843,571
Total Other Assets17,541,13517,544,489
TOTAL ASSETS20,734,46721,470,745
LIABILITIES AND SHAREHOLDERS' EQUITY (DEFICIT)
LIABILITIES
Current Liabilities:
Accounts payable and accrued expenses$6,065,871$3,520,095
Current portion of accrued acquisition obligations621,5802,790,297
Current portion of convertible debentures, net of discount5,238,40172,033
Unearned revenue621,557515,207
Derivative liability7,076,5987,807,739
Liabilities held by discontinued operations1,896,4392,241,272
Total Current Liabilities21,520,44616,946,643
Long-term Liabilities:
Accrued acquisition obligations, net of current portion1,660,0942,302,703
Convertible debentures, net of discount1,750,7233,812,858
Total Long-term Liabilities3,410,8176,115,561
Total Liabilities24,931,26323,062,204
SHAREHOLDERS' EQUITY (DEFICIT)
Class A Preferred stock, $0.001 Par Value; 10,000,000 shares
authorized00
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,158,372122,782
Additional paid-in capital9,410,0397,487,827
Accumulated deficit (15,242,042)(9,278,046)
Accumulated other comprehensive income1,476,83575,978
Total Shareholders' Equity (Deficit) (4,196,796)(1,591,459)
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY (DEFICIT)20,734,46721,470,745
The accompanying notes are an integral part of the consolidated financial statements.
Net Working Capital
Equity per Share
Depr. and Amort. Reserve
Preferred Shares Issued
Common Shares Issued
Treasury Shares - Preferred
Treasury Shares - Common
 
  
 
 Interim Report

 
Interim Report   
 
Data Not Available
 
 
 
 
  
 
 Pro Forma Report

 
Pro Forma Report   
 
Data Not Available
 
 
 
 
  
 
 Quarterly Report

 
Quarterly Report Information   
 
Quarterly Revenue, US$
YearQuarterRevenue
  2008   14,810,000
  2008   24,900,000
  2008   34,820,000
  2007   15,370,000
  2007   25,330,000
  2007   35,700,000
  2007   4980,000
  2007   Full Year 17,380,000
  2006   16,800,000
  2006   26,450,000
  2006   35,830,000
  2006   Full Year 24,670,000
  2005   12,960,000
  2005   23,460,000
  2005   36,810,000
  2005   Full Year 8,090,000
  2004   12,380,000
  2004   22,460,000
  2004   33,340,000
  2004   Full Year 12,180,000
  2003   Full Year 7,650,000
 
 
Quarterly Net Income, US$
YearQuarterRevenue
  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   4940,000
  2007   Full Year (3,900,000)
  2006   1200,000
  2006   22,630,000
  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$
YearQuarterRevenue
  2008   1(.01)
  2008   2Nil
  2008   3Nil
  2007   1(.02)
  2007   2Nil
  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   3Nil
  2005   Full Year (.01)
  2004   1(.01)
  2004   2Nil
  2004   3Nil
  2004   Full Year (.02)
  2003   Full Year (.01)
 
  
 
 Stock Data

 
 
Capitalization as of 03/31/2008:
 
 Authorized SharesOutstanding Shares
Common $0.001 par1,500,000,000234,893,793
Class A Preferred $0.001 par10,000,000None
 
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
 
ExchangeYearHighLow
OTC Bulletin Board20080.01000.0000
OTC Bulletin Board20070.13000.0040
OTC Bulletin Board20060.50000.0710
OTC Bulletin Board20050.55000.1500
OTC Bulletin Board20042.82000.3200
 
DIVIDENDS: Common $0.001 par: None.