XFONE Appoints
New Independent Auditors|Stark, Winter,
Scheinkein & Co, LLP
January 24, 2006
LONDON, Jan 24, 2006 /PRNewswire-FirstCall via COMTEX/ -- XFONE, Inc. (Amex: XFN) ("XFONE" or "the Company"), an international diversified communications services company, today announced that its Audit Committee selected Stark, Winter, Scheinkein & Co., LLP, an independent member of BKR International Limited, to replace Chaifetz & Schreiber, P.C. as the Company's independent auditors, effective January 18, 2006.
"We're grateful to Chaifetz & Schreiber for five years of service to our Company," stated Alon Mualem, XFONE's Chief Financial Officer. "Chaifetz & Schreiber is being replaced as part of the Company's policy of rotating its lead and reviewing audit partners after five consecutive years, and not because of any disagreement or for reasons of dissatisfaction. We are pleased to have selected Stark, Winter, Scheinkein & Co., LLP, with its main office located in Denver, Colorado, to provide XFONE with their services and proven expertise that meet the Company's specific needs.
"Like many other international companies traded on the American Stock Exchange, it makes sense for us to move to an international audit firm with a structure and capability that matches our current needs. In selecting Stark, Winter, Scheinkein & Co., LLP, our Audit Committee focused on both the organization's ability to serve us in our major operating centers and on the compatibility of the lead designated partner and support that will come from the audit firm for our Company. The Audit Committee chose Stark, Winter, Scheinkein & Co., LLP, for these reasons and we are very pleased with the capabilities, knowledge, motivation and time and attention we expect to receive for the XFONE account," concluded Mualem.
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 |
Israel IR Contact |
John Nesbett/Jennifer Beloeau
Institutional Marketing Services (IMS)
Phone: 1.203.972.9200.
E-mail: jnesbett@institutionalms.com |
Zvi Rabin
Kwan Communications
Tel: (Israel) +972 50 560 0140
E-mail: zvi@kwan.co.il |
|
| Xfone Contact |
|
Niv Krikov
Chief Financial Officer
Phone: + 972.39254446 (Israel)
E-mail: E-mail: niv@xfone.com |
|
RETURN TO PRESS RELEASES MAIN
PAGE
|
