SOURCE: TelePlus World, Corp.

August 14, 2008 16:30 ET

TelePlus World Reports Second Quarter Sales of $4.9 Million (Up 18.5% From Q2-07); Operating Income of $153K and EBITDA of $403K (Turned Positive From a Loss in Q2-07)

Second Quarter Earnings Webcast Friday Morning at 9:00 a.m. EDT

MIAMI, FL--(Marketwire - August 14, 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 second quarter and YTD 2008 unaudited results ending June 30.

Second quarter 2008 revenue, from continuing operations, was up 18.5% to $4,897,519 compared to $4,132,890 for the same period last year. EBITDA (defined as earnings before depreciation, amortization, interest and taxes), from continuing operations, was positive $403,520 for the period as compared to an EBITDA loss of $36,690 for the same period last year representing a significant improvement. Operating Income, from continuing operations, was positive $152,964 for the period as compared to an Operating loss of $251,793 for the same period last year. Differences in non-cash items contributed to a net loss of $1,331,360 for the second quarter of 2008 as compared to a net loss of $13,230 in the same period last year.

2008 YTD revenue, from continuing operations, now up 21.4% to $9,708,531 compared to $7,999,749 for the same period last year. EBITDA (defined as earnings before depreciation, amortization, interest and taxes), from continuing operations, now positive $757,702 for 2008 YTD as compared to an EBITDA loss of $69,467 for the same period last year. Operating income, from continuing operations, now positive $254,996 for 2008 YTD as compared to an Operating loss of $486,540 for the same period last year. 2008 YTD net loss is now $2,579,563 compared to a net loss of $2,291,605 in the same period last year.

"Second quarter 2008 results met our expectations. We saw significant improvements in most financial parameters: revenue, from continuing operations, increased by 18.5% for the quarter (now up 21.4% for the YTD) while both Operating Income and EBITDA showed strong positive results as compared to a loss in the same period last year. We added 1,595 customer lines during the quarter for a 425 customer line net gain at the end of the quarter bringing total customer lines in excess of 28,788 (an increase of 1.5% including customer churn as compared to Q1 of 2008). Total line count is now up by 922 for 2008 YTD (an increase of 3.3%). We continued to face during the second quarter 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.

INVESTOR CALL AND WEBCAST

We would like to advise investors that our full second quarter and YTD 2008 results will be presented during an investor call on August 15th 2008 at 9.00AM EDT.

To access the call:

Call in Number:  U.S./Canada 866.383.8008
International    617.597.5341

Event Code:      93845313

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.

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=1918327

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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