SOURCE: TelePlus World, Corp.

August 14, 2007 17:02 ET

TelePlus World Reports Second Quarter Sales of $5.3 Million, YTD Sales of $10.7 Million, Operating Cash Flow of $2.2 Million

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

MIAMI, FL--(Marketwire - August 14, 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 second quarter results. Second quarter revenue was $5,331,941 compared to $6,449,667 for the same period last year. Operating income was ($529,079) compared to $222,297 for the comparable earlier period. The net loss was $13,230 (0.00 per share) compared to a net income of $2,028,379 (0.02 per share) in the same period last year. Positive cash flow from operating activities remained strong reaching a $2,196,069 as compared to $1,460,524 last year. Operating EBITDA (defined as earnings before depreciation, amortization, interest, taxes and corporate overhead) was $241,761 for the period.

YTD revenue now reaches $10,702,170 compared to $13,247,220 for the same period last year. YTD operating income now reaches ($888,708) compared to $643,810 for the same period a year ago. YTD net loss now reaches $2,291,603 (0.02 per share) compared to a net loss of $809,138 (0.01 per share) for the same period last year. YTD operating EBITDA (defined as earnings before depreciation, amortization, interest, taxes and corporate overhead) now reaches $575,614.

CEO, Marius Silvasan, commented, "Second quarter results were marked by the transition to a new back office provider in support of our wireless operations. This migration was key to reestablishing growth in our wireless business. Previous system was costly and lacked the flexibility required to allow us to grow our wireless subscriber base. Second quarter revenue was flat when compared to first quarter. Decrease in revenue in the second quarter this year versus same period last years reflects the initial loss of wireless customers post acquisition of Liberty Wireless and prior to our integration of that business. We successfully narrowed first quarter net loss of $2.3 million to achieving virtual breakeven with a net loss of $13k in the second quarter. Operating cash flow remained strong at $2.2 million. Post June 30 we made the final balloon payment in the amount of $1.8 million for the acquisition of our telecom assets made in July 2005."

"We continued to face, during the quarter, impacts of various non-cash items which decreased our profitability but are not tied to operating results. Largest non-cash impact continues to be tied to our Cornell debt facility. We continue to evaluate opportunities to refinance such debt facility with more traditional financing instruments," added Silvasan.

         INVESTOR CALL AND WEBCAST

To access the call:

Call in Number:   U.S./Canada   (866) 578-5788
                  International (617) 213-8057

Event Code:       19955919

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=1620974

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 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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