SOURCE: TelePlus World, Corp.

May 15, 2008 07:00 ET

TelePlus World Reports First Quarter Sales of $4.8 Million (Up 24% From Q1-07); Operating Income of $102k and EBITDA of $354k (Turned Positive From a Loss in Q1-07)

First Quarter Earnings Webcast This Morning at 9:00 a.m. EDT

MIAMI, FL--(Marketwire - May 15, 2008) - TelePlus World, Corp. (OTCBB: TLPE) (FRANKFURT: YT3) (www.teleplusworld.com) ("TelePlus" or the "Company"), a telecom reseller offering specialized communication products and services, announced first quarter 2008 unaudited results ending March 31.

First quarter 2008 revenue, from continuing operations, was up 24% to $4,811,012 compared to $3,866,859 for the same period last year. EBITDA (defined as earnings before depreciation, amortization, interest and taxes), from continuing operations, was positive $354,181 for the period as compared to an EBITDA loss of $32,774 for the same period last year representing a significant improvement. Operating Income, from continuing operations, was positive $102,031 for the period as compared to an Operating Income loss of $234,745 for the same period last year. Net loss, from continuing operations, narrowed by 48% to $1,117,007 compared to a net loss of $2,153,177 in the same period last year.

"We are very pleased with first quarter 2008 results. We saw improvements, as outlined in our results, in most financial parameters: revenue, from continuing operations, increased by 24% while both Operating Income and EBITDA turned positive as compared to a loss in the same period last year. We added 1,946 customer lines during the quarter for a 497 customer line net gain at the end of the quarter bringing total customer lines in excess of 28,363 (an increase of 1.8% including customer churn). Although we narrowed net loss by 48% during the quarter we continued to face the impact of various non-cash items primarily tied to our debt facility which decreased our profitability but are not tied to operating results," commented CEO Marius Silvasan.

"We completed the sale of our wireless assets Jan 2008 thus we still experienced some impacts to our financial performance from that operation in our first quarter results. As a result of the divestiture wireless results were classified as discontinued operations on our financial statements. Market conditions for this segment of our business became adverse during 2007 making it difficult for us to turn a profit notwithstanding our efforts to improve the performance of said segment," added Silvasan.

INVESTOR CALL AND WEBCAST

We would like to advise investors that our full first quarter 2008 results will be presented during an investor call on May15th 2008 at 9.00AM EDT.

To access the call:

Call in Number:         U.S./Canada     (866) 510.0705
                        International   (617) 597.5363

Event Code:             40779470

Instructions: The conference call will begin promptly at 9:00 a.m. EDT, 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=1825072.

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 company that is a leading provider of telecommunications products and services. TelePlus, founded in 1999, has continued to grow organically and through strategic acquisitions. The company's wholly owned subsidiaries include Telizon, Inc., a reseller of landline, long distance, internet and specialized telecom financial management services to small and mid size businesses and Avenue Reconnect and Freedom Phone Lines, providers of landline and long distance services to targeted residential markets. TelePlus websites include www.telizon.biz, www.elitemail.ca, www.freedomphonelines.com, www.netreach.ca and www.nophone.ca 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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