XFONE ANNOUNCES
AGREEMENT BETWEEN
STORY TELECOM AND E-PAY
Company’s U.K. Operations
Expands Prepaid Phone Services
Through e-pay’s Network; Increases Story Telecom’s
Point of Presence to 25,000 Locations
February 28, 2005
LONDON - (PR Newswire) – February 28, 2005 - XFONE, Inc. today announced that the Company’s strategic partner, Story Telecom, Inc., a leading marketer and distributor of prepaid phone services in the United Kingdom, has signed an agreement with e-pay U.K. to offer prepaid phone cards to consumers through e-pay’s established network of point-of-sale (POS) terminals located throughout the country. XFONE provides Story Telecom with all switching and system support for its prepaid telephony products.
“This new venture with Story Telecom is a prime example of how we are working with our retail network to greatly expand service offerings at the POS terminal level,” stated Andrew Dellow, Sales Director at e-pay U.K. “Story Telecom’s products will provide e-pay’s retailers with increased revenue opportunities while also empowering them to better serve their customers. We plan to offer the widest possible range of Story Telecom’s products, including standard prepaid service for both landline and mobile phone customers,” added Dellow.
Nir Davison, CEO of Story Telecom, noted, “We are very pleased to be partnering with e-pay, one of the largest electronic transaction providers in the world. Their impressive U.K. installed retail base provides us with a significant and immediate opportunity to capture a greater share of the prepaid phone card market. When added to our existing distribution network, Story Telecom becomes one of the largest electronic suppliers of prepaid phone cards in the U.K. with more than 25,000 points of presence.”
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 telephone services; prepaid and postpaid calling cards; cellular services; VoIP services; reselling opportunities; and email and fax broadcasting services. The Company serves customers across Europe, Australia, North America, South America, Asia and Africa.
About Story Telecom, Inc.
Story Telecom, Inc. specializes in prepaid telecommunications services for mobile customers and possesses a significant share of the prepaid telephony market in the United Kingdom. Story Telecom currently has a network of 100 plus distributors, 250,000 registered mobile users and more than 35,000 retail points of presence within the United Kingdom. Collectively offering over 30 different prepaid card products, Story Telecom provides consumers with a wide range of tariffs on all targeted international mobile and landline call destinations.
About e-pay Limited
e-pay, a subsidiary of Euronet Worldwide Inc., is the largest electronic payments processor of prepaid mobile airtime top-up services in the U.K and Australia. Founded in 1999, e-pay focuses on cash-based recharge, or the “top-up” market, for processing electronic purchases of prepaid mobile airtime and long-distance phone cards.
About Euronet Worldwide
Euronet Worldwide is an industry leader in providing secure electronic financial transaction solutions. Through its prepaid subsidiaries-e-pay, PaySpot, transact and Movilcarga-Euronet is the world's largest provider of electronic distribution service, or top-up services, for prepaid mobile airtime. The company has processing centers located in the U.S., Europe and Asia, and processes more than 20 million electronic top-up transactions per month at more than 175,000 points of sale across 85,000 retailers in ten countries. Euronet also operates the largest independent pan-European ATM network, and the largest shared ATM network in India. With corporate headquarters in Leawood, Kansas, USA, Euronet serves clients in more than 65 countries. For more information, visit the company's website at www.euronetworldwide.com.
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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