SOURCE: TelePlus World, Corp.

May 15, 2007 20:41 ET

TelePlus World Reports First Quarter Sales of $5.4 Million, Operating Cash Flow of $452k

First Quarter Earnings Webcast Tomorrow, 9:00 a.m. EDT

MIAMI, FL -- (MARKET WIRE) -- May 15, 2007 -- TelePlus World, Corp. (OTCBB: TLPE) (FRANKFURT: YT3) (www.teleplusworld.com) ("TelePlus" or the "Company"), a wireless and telecom reseller offering specialized communications products and services in the U.S. and Canada, announced first quarter results. First quarter revenues were $5,370,229 compared to $6,797,553 for the same period last year. Operating income was ($359,629) compared to $421,513 for the comparable earlier period. Operating loss was narrowed by $248,772 (or 41%) when compared to a loss of $608,401 for the 4th quarter of 2006. The Net loss was $2,278,373 compared to a Net loss of $2,837,517 in the same period last year. Positive cash flow from operating activities remained strong reaching $452,148. Operating EBITDA (defined as earnings before depreciation, amortization, interest, taxes and corporate overhead) was $333,854 for the period.

CEO Marius Silvasan commented, "First quarter results are as expected. We continued to face during the quarter impacts of various non-cash items which affected our profitability. These non-cash items reached in excess of $1.9 million. Decrease in revenues in the first quarter this year versus same period last year reflects the initial loss of wireless customers post acquisition of Liberty Wireless and prior to our integration of that business. Removing this impact our revenues have not materially changed in the first quarter this year when compared to previous quarters. We anticipate reinitiating growth of our business in the upcoming months once we complete the transition from a vendor providing us certain back office services in support of our wireless customers. We should start seeing sustained revenue growth starting in the third quarter with a possible impact in the second quarter.

"On a corporate perspective we intend to look at various ways to release shareholder value. We are currently not satisfied with the performance of our shares and will consider options in the upcoming months. As part of that process we also intend to re-look at our current financing arrangement which has been materially impacting our balance sheet, results from operations and securities. Our intent would be to establish a more traditional financing structure in the future," added Silvasan.

INVESTOR CALL AND WEBCAST

As a reminder, our investor call and webcast is set for tomorrow, Wednesday, May 16th in the morning at 9.00 a.m. Eastern Daylight Time. Coordinates for the call is as follows:

Call in Number:  U.S./Canada     (866) 362-4831
                 International   (617) 597-5347

Event Code:      49021422
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=1552528

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.

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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