Phonetime Shareholders Approve Acquisitions of Technology and Operations of AGK Consulting, Inc., U.S. Retail Telecommunications Business of Netel, Inc.
Shareholders also approve name change and proposed share consolidation
Phonetime Announces Agreements to Acquire the Technology and Operations of AGK Consulting, Inc. and the U.S. Retail Telecommunications Business of Netel, Inc.
Shareholders- meeting to approve the transactions, and proposed share consolidation and name change
Phonetime Expands Its Senior Bank Facility to $3,500,000
TORONTO, ONTARIO — (Marketwired) — 08/27/13 — Phonetime Inc. (TSX: PHD) announced today that it has renewed its senior debt facility with Royal Bank of Canada. The facility has been increased from $2,500,000 to $3,500,000, subject to customary collateral provisions. The borrowing costs under the new facility have also been reduced from base plus 3.75% per annum to base plus 2.5% per annum, or a 1.25% rate reduction. The senior debt facility will continue to have a first charge over all of t
Phonetime Reports Financial Results for the Six Months Ended June 30th, 2013
TORONTO, ONTARIO — (Marketwired) — 07/29/13 — Phonetime Inc. (TSX: PHD) announced today 2nd quarter results for 2013. Revenue for the quarter ended June 30th, 2013 was $39.8 million compared to $24.5 million in 2012, an increase of 62% year over year. For the six months ended June 30th, 2013 revenue was $73.8 Million compared to $48.2 million, an increase of 53% year over year. Net income for the six months ended was $1.2 million compared to $0.6 Million in 2012. At June 30th, 2013, Phoneti
Phonetime Reports First Quarter Results For 2013
TORONTO, ONTARIO — (Marketwired) — 05/10/13 — Phonetime Inc. (TSX: PHD) announced today its 1st quarter results for 2013. Revenue for the quarter ended March 31, 2013 was $34 Million compared to $24 Million in 2012, an increase of 44% year over year. Net income was $403,000 compared to $335,000 in 2012. At March 31, 2013, Phonetime had $1.2 million in cash, available borrowings of an additional $2.5 million and remained debt free. Total assets at the quarter end were $23.6 million and share
Phonetime Earned Net Income of $0.02 Per Share for Each of 2012 and 2011
TORONTO, ONTARIO — (Marketwire) — 03/21/13 — Phonetime Inc. (TSX: PHD) announced today its audited consolidated financial results for 2012.Revenue was $103 Million, compared to $121 Million in 2011. Net income was $0.02 per share, or $2.4 Million, compared to $0.02 per share, or $3.4 Million, in 2011. Fourth quarter – 2012 run rate revenue was $120 Million.At December 31, 2012, Phonetime had $2.2 million in cash, available borrowings of an additional $2.5 million and remained debt free. As
Phonetime Provides Financial Update Net Income of $0.02 Per Share for 2012
TORONTO, ONTARIO — (Marketwire) — 01/11/13 — Phonetime Inc. (TSX: PHD) announced today its unaudited preliminary financial results for 2012.Revenue was $102 Million compared to $120 Million in 2011. Net income was $0.02 per share compared to $0.02 per share in 2011. Fourth quarter – 2012 run rate revenue was $120 Million.At December 31, 2012, Phonetime had $2.2 million in cash, available borrowings of an additional $2.5 million and remained debt free. Phonetime had assets of $21 million and
Phonetime Inc.: Financial Results for the First Nine Months of 2012
TORONTO, ONTARIO — (Marketwire) — 10/19/12 — Phonetime Inc. (TSX: PHD) announced today the financial results for the nine months ended September 30, 2012. Net income was $1.4 million, compared to $2.2 million for the first nine months of 2011. EBITDA(1) was $1.9 million compared to $1.2 million in 2011.Revenue for the nine months ended was $71 million compared to $90 million in 2011. 2012 revenue is lower than that of 2011, primarily as a result of continued price decreases in the markets i
Phonetime Acquires Five Million Shares for Cancellation
TORONTO, ONTARIO — (Marketwire) — 09/14/12 — Phonetime Inc. (TSX: PHD) announced today that it has purchased for cancellation five million common shares of Phonetime Inc., representing approximately 3.15% of the outstanding shares of the Company, at an average price of $0.043 per common share. The shares were acquired from a Company executive pursuant to an exemption from issuer bid requirements under applicable securities law. Following the cancellation of the purchased shares, the Company
Phonetime Retires Its 12% Junior Subordinated Debt
TORONTO, ONTARIO — (Marketwire) — 03/30/12 — Phonetime Inc. (TSX: PHD) announced today that it has retired its 12% Junior Subordinated debt with a face value of $500,171 by making a one-time payment of $250,086 resulting in a one-time pre-tax gain of $250,086 which will be recorded in the first quarter of 2012."We are pleased to retire this expensive debt, another positive step toward sustained profitability at Phonetime." said Gary Clifford, Executive Chairman.About Phonetime Inc