JACKSON, Mississippi and PETACH TIKVA, Israel, August 30
/PRNewswire-FirstCall/ -- XFONE, Inc. (AMEX:XFN) (TASE:XFN) an international diversified communications services company today announced that the Ministry of Communications of the State of Israel granted its subsidiary, Xfone 018, a license to operate in Israel as an ISP, thus enabling it to provide Internet access, Email and EDI (electronic data interchange) services.
Guy Nissenson, President and CEO of XFONE, Inc., stated, "This is a very exciting development, as we believe the provision of Internet services will provide us with a strong growth engine for our Israeli business. Xfone 018 is in a strong position to tap its already existing large Israeli customer base to provide Internet services in addition to their telephony needs, and believe we will be able to grow significant market share quickly." "By ultimately providing Internet services as well as Voice over Broadband capabilities and long-distance telephony on our 018 service platform, we intend to become a one-stop shop for all our Israeli customers communication needs," continued Nissenson. "We believe that the achievement of this license provides us with the platform to enhance our competitive cost differentiation, while at the same time increase our margins and promote even stronger future revenue growth from our Israel operations." 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:
XFONE, Inc. Alon Mualem, Chief Financial Officer, +972-39254446
or via email at Or GK Investor Relations
Kenny Green/Ehud Helft, +1-866-704-6710 or
via email at / DATASOURCE: XFONE Inc.
CONTACT: XFONE, Inc., Alon Mualem, Chief Financial Officer, +972-39254446 or via email at or GK Investor Relations, Kenny Green/Ehud Helft, +1-866-704-6710 or via email at
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