XFONE, INC.
ANNOUNCES RESULTS OF SPECIAL MEETING
OF SHAREHOLDERS
March 15, 2006
LONDON – (PR NEWSWIRE) – March 15, 2006 – XFONE,
Inc. (AMEX:XFN) (“XFONE” or “the Company”), an international
diversified communications services company, today announced
that at a Special Shareholder’s Meeting, held Monday,
March 13, 2006 at the Company’s corporate headquarters
in London, the following items were approved:
- The election of six members of the Board of the Directors. The Directors will serve until the next Meeting of Stockholders of the Company held specifically for elections of a new Board of Directors of the Company and until their successors are duly elected and qualified;
- The Company's 2004 Stock Option Plan which is designated for the benefit of employees, officers, directors, consultants and subcontractors of the Company, including its subsidiaries;
- The acquisition of I-55 Internet Services, Inc.;
- The financing transaction by and among the Company, Mercantile Discount-Provident Funds, Hadar Insurance Company Ltd., the Israeli Phoenix Assurance Company Ltd. and Gaon Gemel Ltd.
The definitive Proxy Statement was filed on February 9, 2006 with the Securities
and Exchange Commission and can be viewed at www.sec.gov.
Expressing his satisfaction, Guy Nissenson, Chief Executive Officer of XFONE, Inc., stated, “The Company’s management team is very proud of the significant progress that has been made in establishing the framework upon which XFONE will build all its future success. We believe we have created an environment defined by great enthusiasm, positive expectations and dynamic global growth opportunities for our Company, and it is our commitment to ensure that the growth of XFONE is managed progressively and responsibly.”
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 |
|
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