TORONTO - Telehop Communications, providers of cut-rate "dial-around" long distance numbers like 10-10-620, reported first quarter revenue for the three months ended March 31st of just over $5 million an increase of approximately 6.7% compared to the first quarter of 2005. Net income for the three months ended March 31, 2006 was $262,903, an increase of 138.6%. In addition to the increased revenues, the gross margin increased as a result of lower telecommunication costs and a slight drop in marketing expenses as a percentage of revenues. The Company has continued to focus its marketing efforts on the higher margin retail...
