SOURCE: TelePlus World, Corp.

October 16, 2008 07:00 ET

TelePlus World Telecom Division to Deliver Best Performance to Date

MIAMI, FL--(Marketwire - October 16, 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 that Telizon Inc., a subsidiary of the Company, continues its single best sales results year since its original launch as Simcoe County Long Distance in 1991. In the August/September months Telizon has opened three additional Centrex Serving Areas in central and northern Ontario, Canada bringing its total to 58 distinct serving areas.

In this same timeframe Telizon also contracted to supply telecommunications services to two additional municipalities bringing the number of municipalities now being served to 46. For one of these municipalities Telizon developed a unique, new three tier billing product which will become an additional value added offering to the municipal government market.

In addition, the Company contracted over four hundred prepaid residential customer lines in September, its largest single sales month since acquiring Freedom Phone Lines in April, 2005.

Telizon provides a value added bundle of commercial telecommunications packages including local lines, long distance, toll free and high speed internet services to customers in 58 distinct Centrex Serving Areas in Ontario. The value added component, in addition to significant cost savings, results from Telizon acting as a virtual telecommunications department for its clients, interfacing on their behalf with the underlying wholesale carrier providers for all items pertaining to their existing services and future needs.

"Notwithstanding concerns with the overall economy our telecom business continues to outperform," commented CEO Marius Silvasan. "2008 is shaping as a record year for our telecom business both in terms of revenue and operating income," added 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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