Clerical Error by OTCBB Results in Temporary Change of Stock Listing of YP Corp.

MESA, Ariz. -- YP Corp. (OTCBB:YPNT) today announced that due to a clerical error by the NASDAQ's Over-The-Counter Bulletin Board, YP Corp.'s common stock was incorrectly moved on Friday, October 28th from the OTC Bulletin Board to the Pink Sheets. When contacted by YP Corp.'s senior management, this error was quickly corrected, and the trading of YPNT on the OTCBB was resumed as before.

The error resulted from confusion over YP Corp.'s October 26th Form 15 filing (a notification of termination of the company's Preferred Stock Purchase Rights in connection with its recent termination of its Poison Pill). This Form 15 filing was mistakenly assumed by the OTCBB officials to deal with YP Corp.'s common stock, and that error lead to the temporary move from the OTC Bulletin Board to the Pink Sheets.

"YP Corp. is a healthy corporation, and we regret the clerical error leading to this unfortunate change of listing," said Peter Bergmann, President and CEO of YP Corp. "We have our market share of online yellow pages, and look forward to greater success in the future. We thank the NASDAQ for responding so quickly and remedying the situation."

About YP Corp.

YP Corp. (OTCBB:YPNT), a leading provider of Internet-based Yellow Pages services, offers an Internet Advertising Package(TM) ("IAP") that includes a Mini-WebPage(TM) and Preferred Listing through its Yellow Pages web site at www.YP.Com. The Company's web site contains listings for approximately 17 million businesses in the United States.

YP Corp. also provides an array of other Internet services that complement its Yellow Pages web site, including an Internet Dial-Up Package(TM) (dial-up Internet access) and QuickSite(TM) (web site design & hosting services).

YP Corp. is a longstanding member, exhibitor and sponsor of the two major Yellow Pages trade associations -- Yellow Page 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, AZ and Las Vegas, NV. For more information, visit the web site at www.YP.Com.

Forward-looking Disclaimer

This press release may include 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.

Factors that may affect forward-looking statements and the Company's business generally include but are not limited to (i) the risk factors and cautionary statements made in the Company's Quarterly Report on Form 10-Q for the quarter ended June 30, 2005; and (ii) other factors that YP Corp. is currently unable to identify or quantify, but may exist in the future.

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.