MONTREAL, July 24 /PRNewswire-FirstCall/ -- TeliPhone Corp. (NASD : TLPH). TeliPhone Corp. reports its second quarter results, with sales increasing by 81% to $291,895 for the second quarter of 2008 compared with $161,281 for the same period last year. The increase in sales contributed to a gross profit of $113,674, an increase of 206% over last year. Earnings before Interest, Taxes, Depreciation and Amortization were $14,378 compared with ($63,121) for the same period last year. The increase in gross profit is primarily due to the company's effectiveness at reducing its costs as the volume of call traffic increases over its telecommunications network. The increasing call traffic is a result of an increase in the number of small and medium sized businesses now benefiting from TeliPhone's services. "The positive results demonstrate our team's ability to leverage our network and technology to deliver value-added services to our clients at higher gross margins", adds TeliPhone's President & CEO George Metrakos. "Our customers continue to show their confidence in TeliPhone's ability to provide them with excellent call quality while ensuring maximum up-time even during loss of power or internet access". About TeliPhone Corp. TeliPhone Corp. is an Internet-based digital telecommunications company employing its own technology. Customers of TeliPhone, primarily small and medium sized businesses, receive more value added services for lower cost when using TeliPhone. TeliPhone specializes in hosted business telephony systems that reduce customer capital equipment costs while offering global incoming and outgoing call services with best-of-breed call quality. For more information, visit the company website at http://www.teliphone.us/. This news release contains forward-looking statements that are subject to various risks and uncertainties. The Company's actual results could differ materially from those anticipated in such forward-looking statements as a result of numerous factors that may be beyond the Company's control. Forward-looking statements are based on the expectations and opinions of the Company's management on the date the statements are made, and the Company assumes no obligation to update forward-looking statements should circumstances in management's expectations or opinions change. DATASOURCE: Teliphone Corp. CONTACT: George Metrakos, TeliPhone Corp., (212) 738-0008, , http://www.teliphone.ca/investors; Source: TeliPhone Corp.

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