SOURCE: TelePlus World, Corp.

January 24, 2008 07:00 ET

TelePlus Completes Sell of Substantially All Wireless Assets

MIAMI, FL--(Marketwire - January 24, 2008) - TelePlus World, Corp. (OTCBB: TLPE) (Frankfurt: YT3) (www.teleplusworld.com), a telecom reseller offering specialized communications products and services in the U.S. and Canada, completes sell of substantially all wireless assets for $1.3 million in assumption of liabilities to Cozac LLC effective January 15th 2008.

"We are pleased to have completed the sale of our wireless assets to Cozac. We believe Cozac is a good fit for our wireless assets. Cozac's management experience in the wireless industry will be valuable for the growth of these assets in the upcoming years," commented Marius Silvasan, Company CEO and Chairman. "We are now focused on the growth of our profitable telecommunication division," added Silvasan.

About TelePlus World, Corp.

TelePlus World, Corp. ("TelePlus") (OTCBB: TLPE) (http://www.teleplusworld.com) is a diversified North American company that is a leading provider of telecommunications products and services. TelePlus, founded in 1999, has continued to grow organically and through strategic acquisitions. The company's wholly owned subsidiaries include Telizon, Inc., a reseller of landline, long distance, internet and specialized telecom financial management services to small and mid size businesses and Avenue Reconnect and Freedom Phone Lines, providers of landline and long distance services to targeted residential markets. TelePlus websites include www.telizon.biz, www.elitemail.ca, www.freedomphonelines.com, www.netreach.ca and www.nophone.ca among others. The Company has offices in Miami, Florida and Barrie, Ontario.

About Cozac LLC

Cozac LLC, headquartered in Maryland, with offices in Florida and Delaware, is a leading wholesaler of GSM & CDMA cellular products in the continental United States. Expertise in both the remanufacturing and distribution will allow Cozac to optimize its established 500 points of distribution and become a dominant force in the MVNO arena.

The statements which are not historical facts contained in this press release are forward-looking statements that involve certain risks and uncertainties, including but not limited to risks associated with the uncertainty of future financial results, additional financing requirements, development and acquisition of new product lines and services, government approval processes, the impact of competitive products or pricing from technological changes, the effect of economic conditions and other uncertainties, and the risk factors set forth from time to time in the Company's SEC reports, including but not limited to its annual report on Form 10-KSB; its quarterly reports on Forms 10-QSB; and any reports on Form 8-K. TelePlus World, Corp. takes no obligation to update or correct forward-looking statements.

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