Telehop Declares its Second Annual Dividend



    TORONTO, Dec. 20 /CNW/ - Hersh Spiegelman, Executive Chairman of the
Board of Telehop Communications Inc. (TSX-V HOP), is pleased to announce that
the Board of Telehop has declared its second annual dividend of $0.02 per
share to all shareholders of record on December 31, 2007. The dividend will be
paid to all common shareholders of Telehop Communications Inc. on or about
January 21, 2008. The Board of Directors will continue to re-evaluate the
dividend level and its frequency on an annual basis in the future.
    Mr. Spiegelman declared; "Two years ago we made a commitment to our
shareholders to increase shareholder value, and today I am proud to announce
that, due to the continuing strength of our balance sheet and our current cash
position, we are able to return some of this cash to our shareholders in the
form of our second annual dividend, without compromising our capital
expenditure program or our working capital position."

    About Telehop Communications Inc.

    Telehop is a CRTC Licensed Class "A" Telecom Carrier, and one of the
largest alternative telecom providers to the residential & business market.
Telehop offers origination and termination services to other carriers
worldwide, including switchless resellers, and provides "WorldTalk(TM)" 'Equal
Access' Long Distance and the branded "10-10-620" and the "10-10-100" - 'Dial
Around' Services, and alternative Directory Assistance Programs. It also
provides 1-800 toll free numbers and Virtual Calling Cards, allowing calls
from any phone in North America to anywhere in the world. Telehop also offers
the branded "Broadtalk(TM)" VOIP flat rate service to residential and small
business customers. For more information on Telehop's products and services
check out our websites;- www.telehop.com; www.myworldtalk.com;
www.1010100.com; www.1010620.com; and www.broadtalk.ca

    
    Shares Outstanding;-  13,153,500
    Fully Diluted;-       13,618,500
    

    %SEDAR: 00004365E




For further information:

For further information: Telehop Communications Inc., Patrick V.
Farrell, 1-866-530-7988, 1-888-TELEHOP, http://www.telehop.com

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Telehop Communications Inc.

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