Wholesale division sales push Phonetime's Q3 revenues up 13.2%

MISSISSAUGA – Strong sales at Phonetime’s wholesale division helped to drive up consolidated revenues for its third quarter by 13.2% over last year.For the quarter ended September 30, 2009, consolidated revenue was $44.4 million, up from $39.2 million for third quarter of 2008. Its wholesale division buys and resells telecommunications long-distance services to telephone carriers around the world using a call trading platform. Phonetime also generates revenues through its consumer division, which provides pre-paid calling cards and long-distance services to targeted ethnic consumer groups across Canada. It currently has more 130,000 customers using its long-distance retail services.Operating income was $683,000 for...