XFONE's Israel '018' International Long Distance Calling Service Grows 50% From January to February 2005
01 Marzo 2005 - 9:04AM
PR Newswire (US)
XFONE's Israel '018' International Long Distance Calling Service
Grows 50% From January to February 2005 Monthly Call Minutes on
Pace to Exceed Three Million; Customers Up to Approximately 30,000
LONDON and TEL AVIV, Israel, March 1 /PRNewswire-FirstCall/ --
XFONE Communication Ltd., the majority owned Israel-based
subsidiary of XFONE, Inc. (OTC:XFNE) (BULLETIN BOARD: XFNE) , today
reported that its "018" international long distance carrier
operations in Israel has continued to show strong growth, with call
minutes increasing nearly 50% from January 2005 to February 2005.
Based on these results, XFONE Communication is on pace to exceed
three million call minutes per month. XFONE Communication has
currently 30,000 customers (registered and unregistered). XFONE,
Inc.'s President and CEO, Guy Nissenson, noted, "Once again, we are
very pleased that our sales and marketing efforts in Israel have
continued to result in broader market adoption of our '018'
international long distance calling services. Although we have only
been operational in Israel for two and a half months, the rate at
which we are growing on a month-over-month basis is well exceeding
our original forecasts. Perhaps most noteworthy is that XFONE
Communication remains firmly on pace to possibly achieve positive
cash flow and net profitability well ahead of plan." With no
obligations or upfront fees required, international callers located
in Israel need only to dial "018" followed by the destination phone
number to enjoy the multiple benefits afforded by XFONE's carrier
system. Offered at a price per minute that is sometimes as much as
50% less than the most competitive carrier in Israel, XFONE
Communication also permits users to predetermine the cost per
minute by dialing "01800." Moreover, XFONE Communication has
established a state-of-the-art web site, found at
http://www.018.co.il/ , where users may also access real-time
detailed information relative to pricing, full service offerings,
and general information regarding system use. There are only six
companies who have been granted international long distance carrier
licenses in the state of Israel. About XFONE, Inc. A U.S.-domiciled
corporation, XFONE, Inc. is an international voice and data
communications services provider with operations in the United
States, United Kingdom, and Israel, and offers a wide range of
services, which include: local, long distance and international
telephone services, prepaid and postpaid calling cards; cellular
services; VOIP services; reselling opportunities; and email and fax
broadcasting services. The Company serves customers in 75 countries
across Europe, Australia, North America, South America, Asia and
Africa. Safe Harbor Statement under the Private Securities
Litigation Reform Act of 1995: All information set forth in this
news 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
the ability to: rapidly change technology and evolve standards in
the industries in which the Company and its subsidiaries operate,
obtain sufficient funding to continue operations, maintain adequate
cash flow, profitably exploit new business, license and sign new
agreements; and 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, including the Registration Statement effective on
November 12, 2004. For More Information, Please Contact: Elite
Financial Communications Group Stephanie Noiseux, 407-585-1080
DATASOURCE: XFONE, Inc. CONTACT: Stephanie Noiseux, Elite Financial
Communications Group, +1-407-585-1080, or , for XFONE, Inc. Web
site: http://www.xfone.com/ http://www.018.co.il/
Copyright