VoiceServe, Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended December 31, 2011. The Company generated revenues of $1.4 million during its fiscal third quarter ended December 31, 2011 against $1.3 million, an increase of 9% compared to the previous fiscal year third quarter. The Company generated operating earnings during its fiscal third quarter of $20,264 which includes non-cash amortization and depreciation of $173,216 against operating loss of $158,580 for the same period a year ago. Net earnings for the current fiscal year third quarter was $179,599, which included a stock warrant revaluation credit of $167,989. This compares to a net loss of $42,407, inclusive of a stock warrant revaluation credit of $116,196 in the previous fiscal year third quarter. Income before income tax was $188,245 against loss of $42,407 for the same period a year ago. Revenues for the first nine months of fiscal 2012 were $3.6 million against $3.4 million, a 6% increase over the same period of the previous fiscal year. The Company reported a net loss for the current fiscal nine month period of $990,148 or $0.02 per basic share, which includes stock based compensation of $589,380 and warrant revaluation charges of $39,822. This compares to a net loss of $510,321 or $0.01 per basic share for the same period of the previous fiscal year, which includes stock based compensation of $319,628 and a warrant revaluation credit of $271,170. The Company's net cash used in operating activities was $323,127 for the current nine month period and $409,311 for the comparable period of the previous fiscal year. Loss before tax was $990,148 against $510,321 for the same period a year ago.