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(EMAILWIRE.COM, May 30, 2007 ) New York, NY -- CM Research analyst, Oren Meytes, CFA, M.Sc., MBA, has written an update report on Phonetime, Inc. Phonetime, Inc. (TSX-V: PHD) is a vertically integrated Canadian long distance telephony provider. It sells calling cards, postpaid long distance carrier services to homes and offices, and wholesale services to large and small domestic and international telephone carriers. The company relies on its own private long distance and VOIP telecom network with points of presence in 40 major Canadian urban locations, and other international locations including London (UK) and Frankfurt.In the report the analyst states that “Phonetime’s first audited results signal the company’s fast growing wholesale business.”The analyst continues to state that “audited year end results were in line with expectations and management has been very transparent and open about its on going business. It is encouraging to see that the audited results, as well as the recently reported revenues are in line with prior plans. ”Regarding potential the analyst notes that “there is super fast growth in the wholesale division, synergy between the new wholesale division and the existing retail divisions, and the fact that the company is moving from being a local Canadian player to being a global player.” A free copy of the report can be found at www.ccmopportunitybase.com. CCM Research 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. CCM Research, is a division of Cronus Capital Markets, Inc. Cronus Capital Markets, Inc., through its CCM Consulting division, entered into a one year $30,000.00 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 presence.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.Contact:Cronus Capital Markets (CCM)Dianne Rudderham Tel: 416-368-3700###This press release was issued through Groupweb EmailWire.Com. For more information on press release distribution, go to http://www.emailwire.com.
Dianne Rudderham
rudderham@cronuscapitalmarkets.com 
Source: EmailWire.com
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