AJAX, ONTARIO — (Marketwire) — 10/17/11 — Phonetime Inc. (TSX: PHD) provided an update on corporate matters.
Refiling of interim Q2 – 2011 financial statements to more fully comply with IFRS — On October 17th, 2011, the Company filed amended Q2 – 2011 financial statements to more fully comply with disclosure requirements under IFRS by amending its statement of equity to include a subtotal as at June 30, 2010. The Company emphasized that the refiled statements and MD&A disclose no change whatsoever in assets, liabilities, equity, or income from that previously filed. Copies of the revised financial statements for the second quarter of 2011 are available at .
About Phonetime Inc.
Phonetime handles the completion of long distance telecommunications around the world. In 2010, Phonetime completed 720 million phone calls with duration of over 4 billion minutes in 2010. Phonetime is a best in class provider of outsourced telecommunication services. Phonetime-s common shares are traded on the Toronto Stock Exchange under the symbol PHD. More information can be found at the Company-s website, .
Caution Regarding Forward Looking Information:
This press release contains forward-looking statements, which may be identified by words like “expects”, “anticipates”, “plans”, “intends”, “indicates” or similar expressions. These statements are not a guarantee of future performance and are inherently subject to risks and uncertainties. Phonetime-s actual results could differ materially from those currently anticipated due to a number of factors set forth in reports and other documents filed by the Company with Canadian securities regulatory authorities from time to time. See which contains all securities files.
Contacts:
Phonetime Inc.
Gary Clifford
Chairman of the Board and CEO (Interim)
+416-418-9802
You must be logged in to post a comment Login