XFONE Appoints Arie Rosenfeld to Board of Directors
- Formerly Chairman of XAAR and CEO of Scitex Corp -
January 20, 2009
Lubbock, TX – January 20, 2009 – XFONE, Inc. (NYSE Alternext and TASE: XFN) (“XFONE” or “the Company”) announced that Arie Rosenfeld has been appointed to the Company’s Board of Directors, effective as of January 16.
Mr. Rosenfeld is currently the Chairman of Software Imaging Ltd., a UK-based company specializing in software tools for printer drivers and controllers, and is a managing partner in DOR Ventures, S.A. a Brussels-based venture capital fund. From 1997 to 2007, he served as Chairman of XAAR plc, an international provider of ink jet technologies to the industrial printing market. During his tenure at XAAR , revenues increased significantly. From 1988 to 1995, Mr. Rosenfeld served as President, CEO and as a director of Scitex Corp. Ltd, a multinational company providing visual information communication products for the graphic arts and digital printing industries. Mr. Rosenfeld has also served on the boards of Creo Products, Inc.; Tecnomatix Technologies Ltd; and AVT Ltd. He received a Bachelor of Science degree in electronics engineering from the Technion, Haifa, Israel and holds his MBA from INSEAD, Fontainebleu, France.
“Mr. Rosenfeld has enjoyed a distinguished career in the international marketplace particularly in the computer technology and software imaging sectors. His leadership roles with publicly listed global companies such as XAAR (LSE: XAR) and Scitex (NASDAQ: SCIX) have provided him with knowledge and expertise that will contribute significantly to our company, and we are very pleased that Mr. Rosenfeld has agreed to join XFONE’s board,” stated Guy Nissenson, President and Chief Executive Officer of XFONE.
About XFONE, Inc.
A U.S.-domiciled corporation, XFONE, Inc. is an international voice, video and data communications services provider with operations in the United States, United Kingdom, and Israel that offers a wide range of services, which include: local, long distance and international telephony services; video; prepaid and postpaid calling cards; cellular services; Internet services; messaging services (Email/Fax Broadcast, Email2Fax and Cyber-Number); and reselling opportunities. The Company serves customers worldwide. For the company's website, please visit: www.xfone.com
This press release contains forward-looking statements. The words or phrases "should," "would be," "will allow," "intends to," "will likely result," "are expected to," "will continue," "is anticipated," "estimate," "project," or similar expressions are intended to identify "forward-looking statements." The Company's financial results reflected above should not be construed by any means as representative of the current or future value of its common stock. All information set forth in this press 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 rapidly changing technology and evolving standards in the industries in which the Company and its subsidiaries operate; the ability to obtain sufficient funding to continue operations, maintain adequate cash flow, profitably exploit new business, and license and sign new agreements; 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 U.S. Securities and Exchange Commission.
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