SOURCE: TelePlus World, Corp.

November 14, 2007 19:28 ET

TelePlus World Reports Third Quarter Sales of $5.7 Million (Up 7% From Previous Quarter), YTD Sales of $16.4 Million and Operating Cash Flow of $0.4 Million

Third Quarter Earnings Webcast Tomorrow, 9:00 a.m. EST

MIAMI, FL--(Marketwire - November 14, 2007) - TelePlus World, Corp. (OTCBB: TLPE) (FRANKFURT: YT3) (www.teleplusworld.com) ("TelePlus" or the "Company"), a wireless and telecom reseller offering specialized communications products and services in the U.S. and Canada, announced third quarter results. Third quarter revenue was up 7% to $5,695,541 compared to $5,331,941 for the previous quarter. Revenue was down 2% (or $130,373) when compared to the same period last year. Operating income was ($382,155) (excluding a one-time non-recurring write-down of $843,571 of goodwill) compared to ($557,633) for the comparable earlier period representing an improvement of 31%. The net loss was $2,557,654 (0.02 per share) including a one-time non-recurring write-down of $843,571 of goodwill compared to a net loss of $1,552,507 (0.02 per share) in the same period last year. Positive cash flow from operating activities reached $414,582. Operating EBITDA (defined as earnings before depreciation, amortization, interest, taxes, corporate overhead and a one-time non-recurring write-down of $843,571 of goodwill) was $418,913 for the period as compared to $260,535 for the same period last year representing an improvement of 61%.

YTD revenue now reaches $16,397,711 compared to $19,073,134 for the same period last year. YTD operating income now reaches ($1,270,863) (excluding a one-time non-recurring write-down of $843,571 of goodwill) compared to $86,177 for the same period a year ago. YTD net loss now reaches $4,849,257 (0.04 per share) compared to a net loss of $2,361,645 (0.02 per share) for the same period last year. YTD operating EBITDA (defined as earnings before depreciation, amortization, interest, taxes, corporate overhead and a one-time non-recurring write-down of $843,571 of goodwill) now reaches $1,005,159.

CEO Marius Silvasan, commented, "Third quarter revenue saw an increase of 7% versus the previous quarter. This is a key indicator since our quarterly revenue has not increased since first quarter of 2006. Third quarter results were marked by the continued migration of our wireless service to a new back office provider. The migration proved very challenging and is expected to continue to impact our wireless operation's results in coming quarters. Our Telecom division, during the quarter, continued to show a very solid performance with continued customer acquisition and positive net income contribution to our bottom line. We successfully improved operating income during the quarter by 31% versus the same period a year ago. During the quarter we also made the final balloon payment in the amount of $1.8 million for the acquisition of our telecom assets made in July 2005."

"We continued to face during the quarter impacts of various non-cash items which decreased our profitability but are not tied to operating results. These non-cash items reached for the quarter and YTD $2.4 million and $4.4 million respectively. The largest non-cash impact continues to be tied to our Yorkville Advisors debt facility. As such facility is repaid, non-cash items impact will decrease over time," added Silvasan.


                        INVESTOR CALL AND WEBCAST

To access the call:

Call in Number:    U.S./Canada      (800) 573-4840
                   International    (617) 224-4326

Event Code:        92718726

Instructions: The conference call will begin promptly at 9:00 a.m. EST, so participants should call in 5-10 minutes prior to the call to ensure that operators have sufficient time to record your name and company affiliation. A webcast link of the call will be available in the Investor section of the Company's web site.

Internet Access: A live listen-only simulcast of the conference call via the Internet will be webcast by Thomson/CCBN through the following link:

http://phx.corporate-ir.net/playerlink.zhtml?c=144803&s=wm&e=1683231

Investor Presentation: An investor presentation will be available 20 minutes prior to the call. The presentation can be accessed through the internet access outlined above.

Email questions: Investors are also welcome to send any questions via email at investorrelation@teleplusworld.com.

About TelePlus World, Corp.

TelePlus World, Corp. ("TelePlus") (OTCBB: TLPE) http://www.teleplusworld.com, is a diversified North American telecommunications company that is a leading provider of wireless and telecommunications products and services. TelePlus, founded in 1999, has continued to grow organically and through strategic acquisitions. The company's wholly-owned subsidiaries include: Liberty Wireless, Corp., operates a prepaid MVNO (Mobile Virtual Network Operator) under the Liberty Wireless brand; Maximo Impact, Corp., operates a pay-as-you-go MVNO under the MX Mobile brand; and Telizon, Inc., which resells landline, long distance and internet services under the Telizon, Freedom and Liberty brands. TelePlus websites include www.libertywireless.com, www.vivaliberty.com, www.maximoimpact.com and www.telizon.biz among others. The Company has offices in Miami, Florida and Barrie, Ontario.

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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