XFONE COMMUNICATION
BEATS INITIAL EXPECTATIONS FOR
NEW ‘018’ INTERNATIONAL TELECOM SERVICES IN ISRAEL’S
$330 MILLION MARKET
January 11, 2005
LONDON & TEL AVIV, Israel - (BUSINESS WIRE) - January 11, 2005 - XFONE Communication Ltd., a majority-owned subsidiary of XFONE, Inc. (OTCBB:XFNE), a provider of international voice and data communications services, today announced that it has surpassed its initial performance expectations for its new “018” international telephony services that were officially launched on December 14, 2004 in Israel.
Early results reveal that XFONE Communication is aggressively outpacing its initial expectations for billable minutes. With less than four weeks in operation, it has successfully launched four out of its five target sectors within Israel’s competitive $330 million international long distance market, readily serving thousands of users and billing tens of thousands of minutes per day.
The advantages XFONE Communication offers over the competitors in the Israeli market have had a significant effect on its ability to surpass its early internal expectations. 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 Communication's carrier system. Offered at a price per minute that is as much as approximately 35% 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 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 we have beaten our initial objectives for the launch of ‘018’, this initial success demonstrates that Israeli consumers are indeed seeking quality, cost-effective and easy-to-use international long distance services,” stated the parent company's Chief Executive Officer, Guy Nissenson of Xfone, Inc. “The key is to now leverage this early success in Israel and to steadily increase our market penetration and establish ‘018’ as a leader in the space. It is clear that we may be on track to accomplish this objective in record time.”
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 |
|
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