SOURCE: Petel Incorporated

July 08, 2008 10:17 ET

Petel Inc. Reports 131% Increase in Revenue

LONDON--(Marketwire - July 8, 2008) - Petel Incorporated (PINKSHEETS: PTEI), the Broadband TV and Digital Media specialists, today announce continued growth in revenue with an increase of 131% for Quarter 2 2008 over Quarter 1 2008.

Further to Quarter 1 2008 closing with an increase in revenue of 82% over Quarter 4 2007, the board is pleased to announce the group has achieved a 131% increase in Quarter 2 revenue compared to the previous quarter.

"We are pleased to register continued growth in revenues for the group from albeit a modest start to first quarter revenues of some $30,000. We now report quarter two revenues of $69,045," comments CEO David Morton. "Growth is set to continue, having announced new clients in the quarter. The company is now negotiating with additional new clients and a boost to SexQube.TV marketing based on the successful test of earlier marketing campaigns."

Comparative revenues for the quarter show a 373% increase on Quarter 2 2007 taking into account adjustments for the purchase of Sex Qube TV Ltd in April 2007.

Petel Incorporated has Current Information status on Pink Sheets and Company Reports since OTC debut can be viewed here:

http://www.petel.co.uk/site/index.php?option=com_content&task=view&id=40&It emid=52

For more information please email enquiries@petel.co.uk or call +44 (0)20 3239 9140

Forward-Looking Statements:

A number of statements contained in this press release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Act of 1995. These forward-looking statements involve a number of risks and uncertainties, including timely development, and market acceptance of products and technologies, competitive market conditions, successful integration of acquisitions and the ability to secure additional sources of financing. When used in this press release, words such as "could," "plan," "estimate," "expect," "intend," "may," "potential," "should," and similar expressions are forward looking statements.

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