IPO DESKTOP PUBLISHES NEW
XFONE ANALYST REPORT
May 13, 2004
CITY OF INDUSTRY, Calif.--(BUSINESS WIRE)--May 13,
2004 -- Francis Gaskins, of IPODesktop.com, has published
a comprehensive analyst report on xfone, Inc. (OTCBB:XFNE),
an international telecommunication services provider,
available online at www.financialnewsusa.com/company/analystCoverage.php.
xfone announced that revenues grew 95% to $12.9M, income
before taxes were up 103%, net profit was up 75% to $750,173,
and operations provided $1.2M in cash.
xfone, Inc. recently announced that its Israeli subsidiary, xfone Communication Ltd., has submitted to the Israeli government’s Ministry of Communication an application for a license to provide international telecommunications services. Consistent with government requirements, the application included a bank guarantee of NIS 10 Million (approximately $2.2 million U.S.). The Deputy Prime Minister and Minister of Communication, Mr. Ehud Olmerth, estimated the International Telecom market in Israel is $330,000,000. xfone owns 74% of xfone Communication Ltd., with the remaining 26% owned by H.S.N. Telecom Investments Ltd., an Israeli based company. Israeli government regulations require that at least 26% of any company providing telecommunications service within its borders be owned by Israeli citizens and residents. H.S.N. is controlled by related parties who fulfill this Israeli government requirement.
IPODesktop.com, the leading provider of independent IPO research for professional money managers and individual investors, also produces the IPO Hardball radio program, broadcast from CBS MarketWatch. IPOdesktop editors are quoted by The Wall Street Journal, Dow Jones Newswires, CBS MarketWatch, Reuters, USA TODAY, and others. IPOdesktop editors also co-host financial programs at World Talk Radio, the largest Internet Talk station. In the ‘Analysts Corner’ at IPODesktop.com, research reports are available for both recent IPOs and emerging companies.
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 Kingdom, the United States and Israel that offers a wide range of services, which include: local, long distance and international telephony services; 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 across Europe, Asia, North, Central and South America, Australia and Africa.
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 Securities and Exchange Commission.
| For More Information, Please Contact: |
 |
| U.S.
IR Contact |
John Nesbett/Jennifer Beloeau
Institutional Marketing Services (IMS)
Phone: 1.203.972.9200.
E-mail: jnesbett@institutionalms.com |
|
| Xfone Contact |
|
Niv Krikov
Chief Financial Officer
Phone: + 972.39254446 (Israel)
E-mail: E-mail: niv@xfone.com |
|
RETURN TO PRESS RELEASES MAIN
PAGE
|
