XFONE’S
UK SUBSIDIARY SEES SUBSTANTIAL
GROWTH IN TRAFFIC
September 21, 2006
Jackson, Mississippi – September 21, 2006 – XFONE, Inc. (AMEX, TASE: XFN), an international diversified communications services company, today announced that its wholly-owned UK subsidiary, Swiftnet Limited, reports a substantial growth in network traffic as an additional 20,000 customers started to use its services in the last month. The company is taking steps to increase its network capacity in order to deal with the resulting peak growth in call volumes.
Mr. John Burton, Managing Director of Swiftnet, Xfone, Inc.’s UK subsidiary, said, “The recent growth is being driven primarily through our ‘Text & Talk’ service. This has attracted new customers as a result of highly attractive pricing that our channel partner Auracall Limited has been able to achieve as part of our on-going cost reduction programs. This service enables mobile customers to make low-cost international calls by paying through a Premium Rate text message. This cost saving service has been particularly well adopted in the market, in particular by Polish immigrants, which have recently arrived in the UK, calling home. With the enlargement of the European Union and free labor markets, the UK continues to see large numbers of immigrant workers, and this growth is expected to accelerate.”
Mr. Guy Nissenson, President and CEO of Xfone, Inc., commented, “Our innovative customer offerings have differentiated our service against the competition and we are seeing the results in our traffic growth. We expect this will have a positive effect on the revenues from our UK subsidiary. ”
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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