YP
      CORP ANNOUNCES SECOND FISCAL QUARTER 2006 RELEASE DATE AND
      GUIDANCE 
    
    March
      30,
      2006 - Business Wire, Mesa, Arizona - YP Corp (YPNT: OTCBB), a leading provider
      of nationwide Internet Yellow Pages and related services, today announced that
      it will report its second fiscal quarter financial performance for the period
      ended March 31, 2006 on May 15, 2006. Further, the company is providing the
      following forward guidance with regard to its key financial measures for that
      quarter in the following ranges: 
    
    Net
      revenues - $8.4 million to $8.8 million
    Operating
      income - $1.2 million to $1.3 million
    Net
      Income - $750,000 to $825,000
    
    This
      guidance represents substantial improvements in all measures from the first
      quarter ended December 31, 2005 (during which the company installed a new senior
      management team and Board of Directors), and from the same quarter in the
      previous year. In this connection, Daniel L. Coury Sr., Chairman of the Board
      and Acting CEO, commented, “I am confident that we can achieve this improved
      performance based on the continued success of our cost containment programs,
      expanded marketing methods, and the opening of new Local Exchange Carrier (LEC)
      territories. We expect the expanded marketing methodology and LEC billing
      ability to grow our billed listings substantially during the second quarter.
      In
      addition, we will continue to invest in the development of our website, continue
      to expand our product offerings and continue the development of strategic
      partnerships to add value for our customer base.”
    
    About
      YP Corp
    YP
      Corp.,
      a leading provider of Internet-based Yellow Pages services, offers an Internet
      Advertising Package ™ (“IAP”) that includes a Mini-WebPage ™ and Preferred
      Listing through its Yellow Pages website at www.yp.com.
      The
      Company’s website contains listings for approximately 17 million businesses in
      the United States.
    
    YP
      Corp.
      also provides an array of other Internet services that complements its Yellow
      Pages website, including an Internet Dial-Up Package ™ (dial-up internet access)
      and QuickSite ™ (website design & hosting services).
    
    YP
      Corp.
      is a longstanding member, exhibitor, and sponsor of the two major Yellow Pages
      trade associations - Yellow Pages Association (YPA), the major trade association
      of Yellow Pages publishers throughout the world, and the Association of
      Directory Publishers (ADP), which mostly represents independent Yellow Pages
      publishers. YP Corp. is based in Mesa, Ariz., and Las Vegas. For more
      information, visit the website at www.yp.com.
    
    Forward-Looking
      Disclaimer
    This
      press release includes statements that constitute “forward-looking statements,”
which are often characterized by the terms “may,” “believes,” “projects,”
“expects,” or “anticipates,” and do not reflect historical facts.
      Forward-looking statements involve risks, uncertainties, and other factors
      that
      may cause actual results, performance, or achievements of YP Corp and its
      subsidiary to be materially different from those expressed or implied by such
      forward-looking statements.
    
    Forward-looking
      statements speak only as of the date the statement was made. YP Corp. does
      not
      undertake and specifically declines any obligation to update any forward-looking
      statements.
    
 
    Contact
      Information
    Roger
      Bedier
    YP
      Corp.
    Investor
      Relations
    Ph:
      480-654-9646 x1239
    Fax:
      480-654-9747