Phonetime Inc.
TSX VENTURE : PHD
PINK SHEETS : PHOEF

Phonetime Inc.

October 22, 2007 12:19 ET

CCM Research Issues Research Note on Phonetime, Inc. Regarding its Acquisition of Symphony Telecom LLC

TORONTO, ONTARIO--(Marketwire - Oct. 22, 2007) - CCM Research analyst, Oren Meytes, CFA, M.Sc., MBA, has written a research note on Phonetime, Inc. regarding its intended acquisition of Symphony Telecom LLC.

Phonetime (TSX VENTURE:PHD) (PINK SHEETS:PHOEF) is a leading Canadian supplier of long distance telecommunication services. Licensed as a Class A International Carrier by the CRTC, Phonetime operates one of the largest and most advanced private telecommunications networks in Canada with 36 points-of-presence across the country, effectively offering on-net service to approximately 85% of Canada's population plus off-net to the rest of Canada.

In the report the analyst states that "Phonetime is now becoming a "Carrier's Carrier" as it can offer to ILEC's and PTT's a large number of hard to get to routes through Symphony. The added volume from both companies' combined routes means customers/companies will add more capacity from Phonetime and will be able to sell larger volumes and become a more important supplier to the customer."

A free copy of the report can be found at: www.ccmopportunitybase.com
CCM Research, a division of Cronus Capital Markets, Inc., subscribes to the "Standards for Independent Research Providers" and the principles contained in the Analyst/Corporate Issuer Guidelines jointly promulgated by the CFA Institute and the National Investor Relations Institute, described at: http://www.cfainstitute.org and http://www.niri.org.

Cronus Capital Markets, Inc., through its CCM Consulting division, entered into a one year $30,000 contract with the Company to assist it with the creation and execution of information-based strategies to overcome market inefficiencies that are commonplace for the vast majority of public companies, such as share illiquidity and stagnant market capitalization.

Cronus Capital Markets (CCM) is a global investment information firm who strategically produces and introduces, through various forms of analytics and worldwide distribution, information on equity market opportunities. CCM's equity indexes receive international attention and represent important new benchmarks of growth.

The TSX Venture Exchange has neither approved nor disapproved the contents of the press release.

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