XFONE 018 Continues to Increase Its Share of Israel's International Long Distance Calling Market
02 Junio 2005 - 9:59AM
PR Newswire (US)
XFONE 018 Continues to Increase Its Share of Israel's International
Long Distance Calling Market May 2005 Results Reflect 20% Increase
in Customers and 13% Increase in Monthly Call Minutes LONDON and
TEL AVIV, Israel, June 2 /PRNewswire-FirstCall/ -- XFONE 018 Ltd.
(until March 2005 previously named 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 have
continued to grow above original expectations. As of May 31, 2005,
XFONE 018 had logged approximately 90,000 registered and
unregistered customers since first launching operations in mid-
December 2004, which reflects a 20% increase in the number of new
customers from April 2005 to May 2005. In addition, from April 2005
to May 2005, call minutes increased by 13%. The Company also
announced that XFONE 018's international long distance calling
services have been formally endorsed by both the Committee of
Rabbis for Communication Issues and the Committee of Rabbis for the
Sake of the Sabbath. Both Committees have given XFONE 018 their
respective Seals of Approval, thereby giving comfort to the
Ultra-Orthodox Jewish community that the Company conducts its
business in accordance with religious and ethical covenants of
Ultra-Orthodox Jewish beliefs and practices. Currently, it is
estimated that approximately 10% of the population in the State of
Israel observes the Ultra-Orthodox Jewish faith. "We are very
honored to have been singled out by religious leaders of the
Ultra-Orthodox community as the preferenced service provider of
international long distance calling services," stated Rafi Dick,
Managing Director of XFONE 018 Ltd. "Our policy to permit our
employees to observe the Sabbath, in addition to our prohibition of
1919 calls (similar to the U.S.' tolled 900 adult entertainment
calls) on our system, have served to win XFONE 018 these notable
endorsements from Israel's spiritual community." 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 018'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
018 also permits users to predetermine the cost per minute by
dialing "01800." Moreover, XFONE 018 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. XFONE 018 is one of only six companies that 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 Kingdom, the United States
and Israel that 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. 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: 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.018.co.il/ http://www.xfone.com/
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