Phonetime Strengthens Senior Management Team

    - Telecommunications Industry Veteran James Baumhart Appointed Senior VP
    and GM of Company's Wholesale Operation -

    MISSISSAUGA, ON, March 26 /CNW/ - Phonetime Inc. (TSX: PHD), a leading
supplier of international long distance telecommunications services, announced
today that telecommunications industry veteran James A. Baumhart has been
appointed to the newly created role of Senior Vice President and General
Manager of Phonetime's worldwide wholesale business, Phonetime Network Inc.
    "Mr. Baumhart brings a track record of success with both established and
emerging telecommunications companies to the fastest growing segment of our
business," said Wayne Silver, President and Chief Executive Officer, Phonetime
Inc. "As we continue to build our wholesale business, Mr. Baumhart's extensive
sales and operating leadership experience will be invaluable to driving
additional sales growth and maximizing the efficiency of our business. In
addition to broadening and strengthening the capabilities of our senior
management team, the appointment of Mr. Baumhart will allow us to increase the
focus of our existing leadership resources on the execution of our broader
corporate growth strategy. We are very pleased to add Jim to our Management
    Mr. Baumhart has more than 25 years of experience in the
telecommunications industry, including more than two decades in managerial and
executive roles. Most recently, he served as Chief Executive Officer and
Partner of UFL Corporation, a reseller of wholesale telecommunications
services, where he represented more than 40 international and domestic telecom
companies. Mr. Baumhart initiated key contracts with leading carriers in the
domestic and international telecommunications markets. Prior, to UFL, Baumhart
spent 19 years at MCI/Worldcom where he held increasingly senior roles,
culminating in his appointment as Vice President of Wireless for Worldcom
where he managed an operation of 180 staff. Mr. Baumhart is a graduate of
Loyola University's School of Business.

    About Phonetime

    Established in 1994, Phonetime Inc. is a leading international supplier
of wholesale long distance call delivery to large and small domestic and
international carriers as well as providing retail international long distance
telecommunication services for individual consumers and businesses. Phonetime
is a publicly traded company and its common shares are listed on the TSX (TSX:
PHD). Phonetime is licensed in Canada as a Class A International Carrier, and
is a vertically integrated telecommunication provider of both wholesale and
retail operations. Phonetime now has 125 staff located on six continents and
has facilities in Canada, Europe, Africa and South East Asia. Its wholly owned
subsidiaries and divisions include; Phonetime Network, with operations in
Toronto and Florida offering International Long Distance to ILEC's CLEC's and
PTT world-wide; Symphony Telecom, with operations in Oaktown, Virginia and
Cape Town, South Africa, which offers "direct" telecommunications facilities
to "hard to reach" but highly profitable routes in Africa and South East Asia;
Call Select, with an 55-seat call centre in Vancouver, offers retail 1+ long
distance home service to more than a dozen ethnic communities across Canada;
Phonetime International operates one of Canada's largest private networks with
40 Points-of-Presence, covering 85% of Canada's population. Phonetime
International sells its excess Canadian network capacity on a wholesale basis
to major carriers world-wide, as well as distributing long distance calling
cards via nearly 2,500 retailers across Canada.

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

    Caution Regarding Forward Looking Information:

    This press release contains forward-looking statements within the meaning
of securities laws, including the "safe harbour" provisions of the Ontario
Securities Act and the United States Private Securities Litigation Reform Act
of 1995. Forward-looking information is often, but not always, identified by
the use of words such as "anticipate", "believe", "expect", "plan", "intend",
"forecast", "target", "project", "may", "will", "should", "could", "estimate",
"predict" or similar words suggesting future outcomes or language suggesting
an outlook.
    Forward-looking statements and information are based on current beliefs
as well as assumptions made by and information currently available to
Phonetime concerning anticipated financial performance, business prospects,
strategies and regulatory developments. Although management considers these
assumptions to be reasonable based on information currently available to it,
they may prove to be incorrect.
    By their very nature, forward-looking statements involve inherent risks
and uncertainties, both general and specific, and risks that predictions,
forecasts, projections and other forward-looking statements will not be
achieved. We caution readers not to place undue reliance on these statements
as a number of important factors could cause the actual results to differ
materially from the beliefs, plans, objectives, expectations and
anticipations, estimates and intentions expressed in such forward-looking
statements. These factors include, but are not limited to: incorrect
assessments of value when making acquisitions; increases in debt service
charges; fluctuations in foreign currency and exchange rates; inadequate
insurance coverage; changes in tax laws; and Phonetime's ability to access
external sources of debt and equity capital.
    The foregoing list of factors that may affect future results is not
exhaustive. When relying on our forward-looking statements to make decisions,
investors and others should carefully consider the foregoing factors and other
uncertainties and potential events. Furthermore, the forward-looking
statements contained in this press release are made as of the date of this
press release, and Phonetime does not undertake any obligation to up-date
publicly or to revise any of the included forward-looking statements, whether
as a result of new information, future events or otherwise. The
forward-looking statements contained in this press release are expressly
qualified by this cautionary statement.

For further information:

For further information: Ian Hochberg, Director, Phonetime Inc., (416)
505-4382,; Wayne Silver, President & C.E.O., (905) 361-8304,; Rodney Franklin, Chairman & C F O, (905) 361-8305,

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