SOURCE: TelePlus World, Corp.

November 17, 2008 08:00 ET

TelePlus World Reports Third Quarter Results: Sales Up 5.6% From Q3-07 to $4.8 Million; Operating Income Reached $22k and EBITDA $265k

MIAMI, FL--(Marketwire - November 17, 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 third quarter and YTD 2008 unaudited results ending September 30.

Third quarter 2008 revenue, from continuing operations, was up 5.6% to $4,821,403 compared to $4,566,550 for the same period last year. EBITDA (defined as earnings before depreciation, amortization, interest and taxes), from continuing operations, was positive $265,436 for the period as compared to an EBITDA of $40,896 for the same period last year representing a significant improvement. Operating Income, from continuing operations, was positive $22,406 for the period as compared to an Operating loss of $186,043 for the same period last year. Net loss, driven primarily by the impact of non-cash items, was $1,086,127 for the third quarter of 2008 as compared to a net loss of $2,557,654 in the same period last year.

2008 YTD revenue, from continuing operations, now up 15.6% to $14,529,934 compared to $12,566,299 for the same period last year. EBITDA (defined as earnings before depreciation, amortization, interest and taxes), from continuing operations, was positive $1,023,136 for 2008 YTD as compared to an EBITDA loss of $28,569 for the same period last year. Operating income, from continuing operations, was positive $277,400 for 2008 YTD as compared to an Operating loss of $672,581 for the same period last year. 2008 YTD net loss is now $3,665,689 compared to a net loss of $4,849,257 in the same period last year.

"Third quarter 2008 results were in line with our expectations and consistent with previous quarters. As in previous quarters we continued to see significant improvements in most financial parameters. Most notably we successfully made significant inroads in improving operating income and EBITDA which now reach for 2008 YTD $277,400 and $1,023,136 respectively versus a loss for both in the same period last year. We added 1,830 customer lines during the quarter for a net customer line gain of 633 bringing total customer lines in excess of 29,421 (an increase of 2.2% including customer churn as compared to Q2 of 2008). Total line count is now up by 1,555 for 2008 YTD (an increase of 5.6%). 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.

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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