SOURCE: TelePlus World, Corp.

April 02, 2007 17:00 ET

TelePlus Full Year 2006 Results; Sales $24.7 Million, up 205%; EBITDA $468 Thousand, up 564%; Operating Cash Flow $1.9 Million

MIAMI, FL -- (MARKET WIRE) -- April 2, 2007 -- TelePlus World, Corp. (OTCBB: TLPE) (FRANKFURT: YT3) (www.teleplusworld.com), a wireless and telecom reseller offering specialized communications products and services in the U.S. and Canada, is pleased to announce its results for full year 2006 ending December 31.

TELECOM RESULTS - PULLS $15.9 MILLION IN SALES AND OVER $1.1 MILLION IN NET INCOME

Telecom sales for 2006 reached $15,904,049. Telecom EBITDA (defined as earnings before depreciation, amortization, interest expenses and taxes) was positive $1,983,445 and net income (before corporate overhead) was $1,141,622 (which is 6.9% of sales). Gross profit reached 31%. For further information please refer to note #12 in 2006 financial results.

WIRELESS RESULTS - PULLS $8.8 MILLION IN SALES AND OVER $588K IN NET INCOME

Wireless sales for 2006 reached $8,766,297. Wireless EBITDA was positive $721,902 and net income (before corporate overhead) was $588,629 (which is 6.7% of sales). Gross profit reached 47%. For further information please refer to note #12 in 2006 financial results.

CONSOLIDATED RESULTS FOR 2006 AND 4th QUARTER

Sales for full year 2006 ending December 31 increased by $16,577,657 (or 205%) to $24,670,346 as compared to $8,092,689 for the same period a year ago. Gross profit in 2006 increased to 37% from 33% a year ago. EBITDA (defined as earnings before depreciation, amortization, interest expenses and taxes) in 2006 was positive $468,063 (including $395k in expenses associated to the launch of Maximo Impact, Inc.) versus $70,412 a year ago. Operating income was negative $522,223 (including $395k in expenses associated to the launch of Maximo Impact, Inc.) versus negative $382,005 a year ago. Net income in 2006 was negative $2,698,774 (including a $267,496 charge from discontinued operations) versus negative $4,820,142 (including a $2,294,833 charge from discontinued operations). Operating cash flow in 2006 provided record $1,917,685 versus a use of 62,948 in 2005.

Sales revenues for the 4th quarter ended December 31 increased by $1,785,796 (or 47%) to $5,597,212 as compared to $3,811,416 for the same period a year ago. Gross profit as a percentage of sales increased to 38% in the 4th quarter of 2006 versus 31% for the same period a year ago. Net income in the 4th quarter of 2006 was negative $1,821,508 versus negative $3,114,103 a year ago.

"Overall we are very satisfied with 2006 results. Various non-cash items continued to negatively impact our earnings in 2006. These non-cash items which reached $3.2 million are primarily associated to our financing with Cornell Capital. As we repay this financing, impacts from non-cash items will decrease overtime. Operations continued to provide strong cash flow contributions (in excess of $1.9 million) allowing the reducing of acquisition obligations during 2006. We continue to monitor costs and have negotiated various reductions to costs of services and operating expenses which will benefit us in future quarters. The reduction in corporate staff which started in late 2006, now completed, coupled with an anticipated reduction in leased office space should reduce corporate costs in 2007. Overall our gross margin remained healthy in 2006 increasing to 37% from 33% a year ago," stated Marius Silvasan, Company Chairman and CEO. "In 2007 our focus turns on increased distribution," added Silvasan.

INVESTOR CALL AND WEBCAST

As a reminder the CEO web cast will be tomorrow, Tuesday April 3, 2007 at 9:00 a.m. Eastern Daylight Time. To access the call:

Call in Number: U.S./Canada   (800) 299-0433
                International (617) 801-9712

Event Code:     83939755

Instructions: The conference call will begin promptly at 9:00 a.m. ET, 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=1497233

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; Cleveland, Ohio; Montreal, Quebec; and Barrie, Ontario.

Listen to our Q3 webcast at: http://phx.corporate-ir.net/playerlink.zhtml?c=144803&s=wm&e=1409326

To view the RedChip™ Visibility Research Report, Investology Research Report and Wall Street Research Report, please visit: http://www.teleplusworld.com/en/investors_resreports.php

To view the most recent video interview with our CEO, as well as other video interviews about TelePlus World, please visit: http://www.teleplusworld.com/en/investors_multimedia.php

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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