XFONE 018 INTERNATIONAL
LONG DISTANCE CALL MINUTES
JUMP 44% IN JULY 2005
August 3, 2005
LONDON & TEL AVIV, Israel – (PR Newswire) – August 3, 2005 – XFONE 018 Ltd., the majority owned Israel-based subsidiary of XFONE, Inc. (AMEX:XFN), today reported that its “018” international long distance carrier operations in Israel processed over 6.9 million call minutes in the month of July 2005, representing a 44% increase over the 4.8 million call minutes processed in the prior month. The notable increase was largely driven by accelerated growth of incoming call traffic from other countries over XFONE 018's switching system.
As of July 31, 2005, XFONE 018 had logged approximately 132,000 registered and unregistered users since first launching operations in mid-December 2004, including approximately 20,000 new registered and unregistered users in the month of July 2005.
Guy Nissenson, Chief Executive Officer of XFONE, Inc., stated, “We are very proud of the continued growth XFONE 018 is experiencing in Israel, characterized by strong inbound call minutes and steady, consistent growth of in-country users of our ‘018’ services. XFONE 018 is proving that it holds the potential to become a strong revenue and ultimate earnings contributor to XFONE, Inc.”
XFONE noted that this will be the final monthly update on XFONE 018’s progress. Instead, from this point forward, the Company will provide 018 progress reports as part of XFONE, Inc.’s quarterly financial results.
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 |
|
RETURN TO PRESS RELEASES MAIN
PAGE
|
