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.

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Forward-Looking Statements:

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