MONTREAL, Aug. 15 /PRNewswire-FirstCall/ -- TeliPhone Corp. (NASD : TLPH). TeliPhone reports its third quarter results, with sales increasing to $381,397 for the three months ended June 30, 2008 compared with $183,630 for the same period last year. The increase in sales contributed to a nine-month accumulated gross profit of $332,777, an increase of 170% over last year. Earnings for the first 9 months of the year before Interest, Taxes, Depreciation and Amortization (EBITDA) were $28,659 compared with a loss of $78,559 for the same period last year. The new customers acquired from Dialek Telecom and strong demand for its Internet-based (IP) services account for the strong growth that the company has recently been experiencing. The Company has begun to migrate Dialek customers' existing analog services to higher-profit Internet-based (IP) services. The acquisition of Dialek customers is a good indicator of the company's ability to acquire privately-held re-sellers of traditional telecom services and to leverage a higher value from the same level of revenues. 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: TeliPhone Corp., (212) 738-0008, , http://www.teliphone.ca/investors; Source: TeliPhone Corp.

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