Phonetime to host second quarter conference call Tuesday, August 12, 2008 at 11:00 A.M. (ET)

    MISSISSAUGA, ON, Aug. 8 /CNW/ - Phonetime Inc. (TSX: PHD), one of the
world's fastest growing providers of international long-distance
telecommunication services, announced today that it will host a conference
call on Tuesday, August 12 at 11:00 a.m. (ET) to discuss its second quarter
2008 financial results. Phonetime will report its second quarter 2008
financial results via news release on Monday, August 11 following the close of
    To access the conference call by telephone, dial 416-915-5648 or
1-800-814-4853. Please connect approximately 15 minutes prior to the beginning
of the call to ensure participation. The conference call will be archived for
replay until Tuesday, August 19, 2008 at midnight. To access the archived
conference call, dial 416-640-1917 or 1-877-289-8525 and enter the reservation
number 21280214 followed by the number sign.
    A live audio webcast of the conference call will be available at Please connect at least 15 minutes prior to the conference
call to ensure adequate time for any software download that may be required to
join the webcast. The webcast will be archived at the above web site for
30 days.

    About Phonetime Inc.

    Established in 1994, Phonetime is a leading supplier of international
wholesale long distance telecommunications services to carriers of all sizes
around the globe. Phonetime also competitively markets a range of pre-paid and
subscription-based long distance products and services to individual consumers
and businesses across Canada. Phonetime has operations on six continents,
including facilities in Canada, Europe, Africa and South East Asia. In Canada,
Phonetime operates one of the country's largest private networks with
40 Points-of-Presence available locally to 85% of the population. Phonetime is
registered as a Class A International Carrier with the CRTC and whose stock is
publicly traded on the Toronto Stock Exchange (TSX: PHD). More information may
be found on the Company's website -

    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: Wayne Silver, Phonetime, President & C.E.O.,
(905) 361-8304,; Rodney Franklin, Phonetime, Chairman &
CFO, (905) 361-8305,; Joe Racanelli, Equicom Group, (416)

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