In Collaboration With Airspan Networks, XFONE 018 to Offer Competitive Voice Over the Internet Services in Israel
PETACH TIKVA, Israel, June 13 /PRNewswire-FirstCall/ -- XFONE, Inc. (AMEX:XFN) ("XFONE" or "the Company"), an international diversified communications services company, today announced that its Israel-based subsidiary, XFONE 018, has been granted, on May 31, 2006, permission by the Israeli Ministry of Communications to commence experimental deployment of Voice over Broadband (VoB) services.
In collaboration with Airspan Networks, Inc., a leading worldwide provider of broadband wireless access networks, including WiMAX standard systems, XFONE 018 plans to begin marketing new pricing plans to its customers, cutting international call prices.
Rafael Dick, Managing Director of XFONE 018, noted, "By offering our customers long distance carrier services delivered over a broadband network, the savings can be substantial. As a result, we have a unique opportunity to further extend our competitive cost differentiation in Israel and build even greater value for our Company, our customers and our shareholders." About XFONE 018 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 much lower than the competitors' 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. Currently, XFONE 018 is one of only six companies that have been granted international long distance carrier licenses in Israel.
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 telephone services; prepaid and postpaid calling cards; cellular services reselling opportunities; and email and fax broadcasting services. The Company serves customers across Europe, Asia, North America, 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:
At XFONE, Inc. Alon Mualem, Chief Financial Officer,
011-972-39254446 or via email at
Or
Elite Financial Communications Group
Dodi Handy, 407-585-1080 or via email at DATASOURCE: XFONE, Inc.
CONTACT: Alon Mualem, Chief Financial Officer of XFONE, Inc., 011-972-39254446, or ; or Dodi Handy of Elite Financial Communications Group, +1-407-585-1080, or Web site: http://www.xfone.com/ http://www.018.co.il/
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