Xfone (NASDAQ:XFNE)
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XFONE'S Israel '018' International Long Distance Calling Service
Continues Rapid Growth Trend
At End of Company's First Full Month of Operation, Call Minutes Now on Pace to
Exceed Two Million Per Month ... and Growing
LONDON and TEL AVIV, Israel, Feb. 1 /PRNewswire-FirstCall/ -- XFONE
Communication Ltd., the majority owned Israel-based subsidiary of XFONE, Inc.
(OTC:XFNE) (BULLETIN BOARD: XFNE) , today reported that following its first
full month of international long distance carrier operations (January 2005) in
Israel, the Company is on pace to exceed two million call minutes per month,
which equates to an annualized run-rate of approximately 8.5 million New
Israeli Shekels (approximately U.S. $2 million) in revenue. XFONE further
noted that the Company is currently registering approximately 100 new customers
each day. There are only six companies who have been granted international long
distance carrier licenses in the state of Israel.
Commenting on the rapid market acceptance of "018", XFONE, Inc.'s President and
CEO Guy Nissenson noted, "The early success we are experiencing in Israel
supports our strong belief that XFONE Communication Ltd. will contribute
measurably to XFONE, Inc.'s growth in 2005 and beyond. Based on these initial
results, it appears that we are well on pace in the direction to our goal of
achieving a significant share of the total international long distance market
in Israel by the end of 2006. Perhaps most noteworthy, however, is the fact
that these results also reflect that XFONE Communication is moving in the
direction of its goal of achieving positive cash flow and subsequent
profitability ahead of our goal date."
With no obligations or upfront fees required, international callers located in
Israel need only to dial "018" followed by the destination phone number to
enjoy the multiple benefits afforded by XFONE's carrier system. Offered at a
price per minute that is sometimes as much as 50% less than the most
competitive carrier in Israel, XFONE Communication also permits users to
predetermine the cost per minute by dialing "01800". Moreover, XFONE
Communication has established a state-of-the-art web site, found at
http://www.018.co.il/ , where users may also access "real-time" detailed
information relative to pricing, full service offerings, and general
information regarding system use.
"Considering that XFONE does not require people to formally register to use our
'018' international long distance calling services, we are pleased to see such
a robust number of users electing to register with us to make XFONE their
default carrier," stated Rafi Dick, Managing Director of XFONE Communication
Ltd. "It is evident that we are experiencing very positive response to our
national sales and marketing initiatives, which have concentrated on reaching
five key market segments."
About XFONE, Inc.
A U.S.-domiciled corporation, XFONE, Inc. is an international voice and data
communications services provider with operations in the United States, United
Kingdom, and Israel, and offers a wide range of services, which include: local,
long-distance and international telephone services, prepaid and postpaid
calling cards; cellular services; VoIP services; reselling opportunities; and
email and fax broadcasting services. The Company serves customers in 75
countries across Europe, Australia, North America, South America, Asia and
Africa.
Safe Harbor Statement under the Private Securities Litigation Reform Act of
1995: All information set forth in this news release, except historical and
factual information, represents forward-looking statements. This includes all
statements about the company's plans, beliefs, estimates and expectations.
These statements are based on current estimates and projections, which involve
certain risks and uncertainties that could cause actual results to differ
materially from those in the forward-looking statements. These risks and
uncertainties include issues related to the ability to: rapidly changing
technology and evolving standards in the industries in which the Company and
its subsidiaries operate, obtain sufficient funding to continue operations,
maintain adequate cash flow, profitably exploit new business, license and sign
new agreements; and the unpredictable nature of consumer preferences; and other
factors set forth in the Company's most recently filed annual report and
registration statement. Readers are cautioned not to place undue reliance on
these forward-looking statements, which reflect management's analysis only as
of the date hereof. The Company undertakes no obligation to publicly revise
these forward-looking statements to reflect events or circumstances that arise
after the date hereof. Readers should carefully review the risks and
uncertainties described in other documents that the Company files from time to
time with the Securities and Exchange Commission, including the Registration
Statement effective on November 12, 2004.
For More Information, Please Contact:
Elite Financial Communications Group
Stephanie Noiseux, 407-585-1080
DATASOURCE: XFONE, Inc.
CONTACT: Stephanie Noiseux, Elite Financial Communications Group,
+1-407-585-1080, or , for XFONE, Inc.
Web site: http://www.xfone.com/
http://www.018.co.il/