SUBSEQUENT MONTH-OVER-MONTH
GROWTH OF XFONE ‘018’
CONTINUES TO OUTPACE ORIGINAL EXPECTATIONS
Customers Up Approximately
25%; Monthly Call Minutes
Up Approximately 7%
May 2, 2005
LONDON & TEL AVIV, Israel - (PR Newswire) – May 2, 2005 - XFONE 018 Ltd. (until March 2005 previously named 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 have continued to outpace original ramp-up expectations. As of April 30, 2005, XFONE 018 had logged approximately 75,000 registered and unregistered customers since first launching operations in mid-December 2004, which reflects a 25% increase in the number of new customers from March 2005 to April 2005. In addition, from March 2005 to April 2005, call minutes increased by more than 7%, despite the impact of reduced usage of international communication services by Ultra Orthodox and business customers due to the seven-day Jewish holiday of Passover in the last week of April.
Beginning in January of 2005, XFONE, Inc. began reporting monthly results of XFONE 018 to provide Company shareholders with heightened insight into the growth of its new Israel-based subsidiary and to help shareholders carefully track and assess the subsidiary’s operational progress. Guy Nissenson, President and Chief Executive Officer of XFONE, Inc., noted, “We knew when we launched XFONE 018 that our overriding value proposition – combining low cost with outstanding quality of service, would ultimately win us a meaningful share of the sizable long distance calling market in Israel. What has both surprised and delighted us is the rapid rate at which long distance calling customers are selecting ‘018’ as their preferred provider. As a result, XFONE 018 continues to outpace our initial growth expectations on a month-over-month basis.”
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 018’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
018 also permits users to predetermine the cost per minute
by dialing “01800.” Moreover, XFONE 018 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. XFONE 018 is one of
only six companies that 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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