JACKSON, Mississippi, September 21 /PRNewswire-FirstCall/ -- Xfone, Inc. (AMEX:XFNAMEX:TASE:AMEX:XFN), an international diversified communications services company, today announced that its wholly-owned UK subsidiary, Swiftnet Limited, reports a substantial growth in network traffic as an additional 20,000 customers started to use its services in the last month. The company is taking steps to increase its network capacity in order to deal with the resulting peak growth in call volumes.
Mr. John Burton, Managing Director of Swiftnet, Xfone, Inc.'s UK subsidiary, said, "The recent growth is being driven primarily through our 'Text & Talk' service. This has attracted new customers as a result of highly attractive pricing that our channel partner Auracall Limited has been able to achieve as part of our on-going cost reduction programs. This service enables mobile customers to make low-cost international calls by paying through a Premium Rate text message. This cost saving service has been particularly well adopted in the market, in particular by Polish immigrants, which have recently arrived in the UK, calling home. With the enlargement of the European Union and free labor markets, the UK continues to see large numbers of immigrant workers, and this growth is expected to accelerate." Mr. Guy Nissenson, President and CEO of Xfone, Inc., commented, "Our innovative customer offerings have differentiated our service against the competition and we are seeing the results in our traffic growth. We expect this will have a positive effect on the revenues from our UK subsidiary. " 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.
For the company's website, please visit: http://www.xfone.com/ 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. DATASOURCE: Xfone Inc CONTACT: Company Contact, Alon Mualem, XFONE, Inc., Chief Financial Officer Tel: +972-39254446 Email: ; International IR Contact, Kenny Green / Ehud Helft, GK Investor Relations Tel: +1-866-704-6710, E-mail: /
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