New World Brands Announces Financial Results For the Third Quarter Ended September 30, 2008

  
    
  
  
    
      New World Brands Inc. (NWB) (OTCBB:NWBD) 
      (www.nwbtechnologies.com) 
      announces financial results for the third quarter ended September 30, 
      2008.
    
    
      FINANCIAL HIGHLIGHTS:
    
    
      New World Brands Inc. registered its first-ever quarterly profit, 
      earning $436,882 in the third quarter of 2008. Sales were $5,818,906 
      primarily driven by a 63% increase in the NWB Telecom division, while 
      sales in the NWB Networks hardware division were flat in the quarter. 
      New World Brands’ complete financial results are detailed in the 
      Company’s latest Form 10-Q, filed on November 14, 2008, which can be 
      viewed at
    
    
      http://sec.gov/Archives/edgar/data/799426/000110465908071057/a08-28403_110q.htm.
    
    
      Some selected information from the quarterly statement is presented 
      below:
    
    
      Revenues – increase in 2008 over 2007 and already exceeded 2007 total 
      revenue
    
    
      
        Increase of 39.14% in Q3 2008 from Q3 2007
      
      
        Increase in the nine months ended September 30, 2008 of 47.86% over 
        the first nine months of 2007
      
      
        Year to date (nine months) revenue of $17,503,242 has surpassed the 
        total revenue from continuing operations for the twelve months of 2007 
        of $17,101,203
      
    
    
      Net Income before Taxes – increase in 2008 over 2007
    
    
      
        Increase of 170.06% in the third quarter of 2008 over the same time 
        period in 2007 or a profit of $436,882 compared to a loss of $623,579 
        during Q3 of 2007
      
      
        The year to date loss decreased by 70.3% for the nine months ended 
        September 30, 2008 or a loss of $538,138 vs. a loss of $1,814,871 in 
        2007
      
    
    
      Cashflow – still net cashflow negative in 2008 but at a reduced amount 
      compared to 2007
    
    
      
        Total net use of cash in 2008 year to date of $822,553 compared to 
        2007 of $1,885,641
      
    
    
      New World Brands repurchased 5,000,000 shares of the company’s stock 
      into treasury during the quarter for a total cash outlay of $125,000 
      during Q3 2008.
    
    
      David Kamrat, Chief Executive Officer, commented: “We are very pleased 
      with our third quarter results. These results demonstrate how great 
      teamwork and great products produce positive results.”
    
    
      A FULL VERSION OF BOTH THE CHIEF EXECUTIVE OFFICER'S STATEMENT AND THE 
      CONSOLIDATED PROFIT AND LOSS ACCOUNTS ARE AVAILABLE ON THE NEW WORLD 
      BRANDS WEBSITE (www.nwbtechnologies.com).
    
    
      About New World Brands
    
    
      New World Brands is a state-of-the-art Telecommunications Technology 
      Company that provides cost effective, reliable, scalable products and 
      services on a global basis specializing in International industry 
      leading telephony solutions. NWB expertise include international Voice 
      Over IP (VoIP) call termination, data, and proprietary break through 
      (GSM) mobile communication solutions. The New World Brands Family 
      of Companies includes three main divisions, NWB Networks, NWB Telecom, 
      and NWB Planet Verde. The NWB Networks division manages 
      the combined hardware offerings of TELES USA, IP Gear and Qualmax. 
      TELES USA is the exclusive partner of TELES AG, a leading 
      Berlin, Germany and Israel-based hardware and software manufacturer 
      focused on telephony products. NWB Telecom division trades in 
      wholesale telecom traffic focused on direct international route using 
      Teles technology. NWB Planet Verde is the social commitment arm 
      dedicated to bridging the digital divide , using the values of fair 
      trade, and providing country of origin value to the large population of 
      first and second generation immigrants residing in the USA. NWB enables 
      businesses to drastically reduce their costs by extending their legacy 
      PBX's to VoIP and GSM networks. New World Brands innovative 
      research and development team along with a multi-divisional approach is 
      designed to help businesses deploy the most effective technologies 
      available in the evolving IP marketplace today. For more information, 
      please visit our website at www.nwbtechnologies.com.
    
    
      Safe Harbor
    
    
      We caution readers that this Report contains “forward-looking 
      statements” within the meaning of the Private Securities Litigation 
      Reform Act of 1995. Forward-looking statements, written, oral or 
      otherwise, are based on the Company’s current expectations or beliefs 
      rather than historical facts concerning future events, and they are 
      indicated by words or phrases such as (but not limited to) “anticipate,” 
      “could,” “may,” “might,” “potential,” “predict,” “should,” “estimate,” 
      “expect,” “project,” “believe,” “think,” “intend,” “plan,” “envision,” 
      “continue,” “intend,” “target,” “contemplate,” or “will” and similar 
      words or phrases or comparable terminology. Forward-looking statements 
      in this release also include statements about business and economic 
      trends. Many factors may cause our actual results to differ materially 
      from those described in forward-looking statements, including without 
      limitation those described under “Certain Risk Factors” in our Annual 
      Report on Form 10-K/A, as filed with the SEC on May 13, 2008, and 
      specifically including the risk that management’s assumptions and 
      analysis of the potential market for existing and new products, and our 
      competitive position in that market, prove untrue, and the risk that 
      management will not be able to successfully address changing market 
      conditions.
    
    
      New World Brands, Inc. also disclaims any duty to comment upon or 
      correct information that may be contained in reports published by the 
      investment community.