XFONE’S ISRAEL ‘018’ INTERNATIONAL LONG DISTANCE CALLING
SERVICE GROWS 50% FROM JANUARY TO FEBRUARY 2005
Monthly Call Minutes On Pace
To Exceed Three Million;
Customers Up To Approximately 30,000
March 1, 2005
LONDON & TEL AVIV, Israel - (PR Newswire) – March 1, 2005 - XFONE Communication Ltd., the majority owned Israel-based subsidiary of XFONE, Inc. (OTCBB: XFNE), today reported that its ‘018’ international long distance carrier operations in Israel has continued to show strong growth, with call minutes increasing nearly 50% from January 2005 to February 2005. Based on these results XFONE Communication is on pace to exceed three million call minutes per month. XFONE Communication has currently 30,000 customers (registered and unregistered).
XFONE, Inc.’s President and CEO Guy Nissenson noted, “Once again, we are very pleased that our sales and marketing efforts in Israel have continued to result in broader market adoption of our ‘018’ international long distance calling services. Although we have only been operational in Israel for two and a half months, the rate at which we are growing on a month over month basis is well exceeding our original forecasts. Perhaps most noteworthy is that XFONE Communication remains firmly on pace to possibly achieve positive cash flow and net profitability well ahead of plan.”
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. There are only six companies
who have been granted international long distance carrier
licenses in the State of Israel.
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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