Phonetime Inc.

Phonetime Inc.

October 01, 2007 12:08 ET

CCM Research Issues Update Report on Phonetime, Inc.

TORONTO, ONTARIO--(Marketwire - Oct. 1, 2007) - CCM Research analyst, Oren Meytes, CFA, M.Sc., MBA, has written an update report on Phonetime, Inc.

Phonetime (TSX VENTURE:PHD) 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, "at this rate the company is expected to generate revenues of nearly C$100mm in 2007."

The analyst continues to state that, "as anticipated, PHD demonstrated super fast growth in the first half of 2007 due to the ramp up in the wholesale division. At the same time the stock price has declined, making the stock more attractive." It is the opinion of the analyst that, "these combined effects give rise for more optimism going forward."

Further, regarding growth, the analyst notes "the company had already had 3 solid quarters of growth. The second half of the year is expected to be seasonally better than the first half."

A free copy of the report can be found at

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

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