Whoever said that there wasn't any money to be in long distance telephony services appears to have missed the mark. Phonetime Inc., a Mississauga ON-based long distance telecommunications provider, recorded second quarter revenue of $23 million, the highest level of any quarter in the company's 12-year history. For the first six months of 2007, Phonetime posted revenue of $44 million. Much of the company's revenue growth can be attributed to its wholesale division Phonetime Network and increased sales at Call Select, its retail unit.

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