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
February 1, 2005
LONDON & TEL AVIV, Israel - (PR Newswire) – February 1, 2005 - XFONE Communication Ltd., the majority owned Israel-based subsidiary of XFONE, Inc. (OTCBB: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 US$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 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, 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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