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| 1.   | I                have reviewed this annual report on Form 10-KSB of TELIPHONE                CORP.; |
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| 2.   | Based                on my knowledge, this report does not contain any untrue statement                of a                material fact or omit to state a material fact necessary to make                the                statements made, in light of the circumstances under which such statements                were made, not misleading with respect to the period covered by this                report; |
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| 3.   | Based                on my knowledge, the financial statements, and other                financial information included in this report, fairly present in                all                material respects the financial condition, results of operations                and cash                flows of the small business issuer as of, and for, the periods presented                in this report; |
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| 4.   | The                small business issuer's other certifying officer(s) and I                are responsible for establishing and maintaining disclosure controls                and                procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e))                and                internal control over financial reporting (as defined in Exchange                Act                Rules 13a-15(f) and 15d-15(f)) for the small business issuer and                have: |
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b
.      Evaluated the effectiveness of the small      business issuer's disclosure controls and procedures and presented in this      report our conclusions about the effectiveness of the disclosure controls and      procedures, as of the end of the period covered by this report based on such      evaluation; and

c.      Disclosed in this report any change in the small business      issuer's internal control over financial reporting that occurred during the      small business issuer's most recent fiscal quarter (the small business issuer's      fourth fiscal quarter in the case of an annual report) that has materially      affected, or is reasonably likely to materially affect, the small business      issuer's internal control over financial reporting; and

| 5.   | The                small business issuer's other certifying                officer(s) and I have disclosed, based on our most recent evaluation                of                internal control over financial reporting, to the small business                issuer's                auditors and the audit committee of the small business issuer's board                of                directors (or persons performing the equivalent                functions): |
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a.      All significant deficiencies and material weaknesses in the      design or operation of internal control over financial reporting which are      reasonably likely to adversely affect the small business issuer's ability to      record, process, summarize and report financial information;      and

|                                     |   |   |   |   |
|------------------------------------------|--------|--------|--------|--------|
| By:                  /s/ George Metrakos |   |   |   |   |
| George                  Metrakos         |   |   |   |   |
| Chief                  Executive Officer |   |   |   |   |
| January                  10, 2008        |   |   |   |   |