XFONE Expands Into Germany
- Company To Build on Success in The UK Meeting The Communications Needs of Immigrant Population -
October 16, 2007
Jackson, Mississippi – October 16, 2007 – XFONE, Inc. (AMEX and TASE: XFN) , a multinational diversified communications services company, today announced that its wholly-owned subsidiary, Auracall Ltd., will open a new office in Berlin,Germany to meet the communications needs of the growing immigrant population in the region. The company has existing operations in the U.K., represented by an office in London. The Berlin office is expected to be operational beginning November 1, 2007.
“By providing innovative and friendly solutions, Auracall has become a premier brand in the UK immigrant market and we are pleased to be expanding our presence within the European Union,” said Guy Nissenson, President and CEO of XFONE. “We are particularly focused on opportunities to provide convenient and economical communications solutions to Germany’s expanding population of new immigrants who face difficulties in registering with the traditional services. The opening of the Berlin office and appointment of local staff will position us to serve millions of potential customers.”
The population of Germany is approximately 82 million, making it the 14th most populous country in the world. There are more than 16 million people of non-German descent (first and second generation, including mixed heritage), about seven million of which are legal foreign residents.
Auracall serves over 300,000 customers in the U.K. every month through an innovative range of services allowing customers to access international calls from both landlines and mobile phones. Through a proprietary system, customers pay for calls through premium rate texts, calling a premium rate top-up number or by dialing an 08 access number. Auracall sells primarily through a network of over 100 agents.
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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