SOURCE: TelePlus World, Corp.

July 09, 2007 06:30 ET

TelePlus World Makes Final Payment on Telecom Acquisitions and Initiates Growth of Wireless Business

MIAMI, FL--(Marketwire - July 9, 2007) - TelePlus World, Corp. (OTCBB: TLPE) (FRANKFURT: YT3) (, a wireless and telecom reseller offering specialized communications products and services in the U.S. and Canada, announced today it has made the final balloon payment for the acquisition of its telecom division made in July 2005 and initiated growth of its wireless business.

The Company obtained a $3 million loan from Cornell Capital LLP, of which proceeds in the amount of $1.8 million were used to make the final balloon payment on the telecom acquisition made in July 2005 with the remaining proceeds to be invested in the growth of the Company's wireless division. The Cornell loan is to be repaid from cash flow with monthly payments of $100k starting August 2nd, 2007.

"Payment of this final balloon for the acquisition of our telecom division was a key milestone for us," stated Marius Silvasan, CEO & Chairman of TelePlus World. "With the recent migration of our wireless back office system we intend to invest the remaining funds, of our $3 million capital raise, towards the growth of our wireless division," added Silvasan.

About TelePlus World, Corp.

TelePlus World, Corp. ("TelePlus") (OTCBB: TLPE) ( 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., which operates a prepaid MVNO (Mobile Virtual Network Operator) under the Liberty Wireless brand; Maximo Impact, Corp., which 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,, and among others. The Company has offices in Miami, Florida; Cleveland, Ohio; 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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