XFONE'S Israel '018' International Long Distance Calling Service Continues Rapid Growth Trend
February 01 2005 - 8:00AM
PR Newswire (US)
XFONE'S Israel '018' International Long Distance Calling Service
Continues Rapid Growth Trend At End of Company's First Full Month
of Operation, Call Minutes Now on Pace to Exceed Two Million Per
Month ... and Growing LONDON and TEL AVIV, Israel, Feb. 1
/PRNewswire-FirstCall/ -- XFONE Communication Ltd., the majority
owned Israel-based subsidiary of XFONE, Inc. (OTC:XFNE) (BULLETIN
BOARD: XFNE) , today reported that following its first full month
of international long distance carrier operations (January 2005) in
Israel, the Company is on pace to exceed two million call minutes
per month, which equates to an annualized run-rate of approximately
8.5 million New Israeli Shekels (approximately U.S. $2 million) in
revenue. XFONE further noted that the Company is currently
registering approximately 100 new customers each day. There are
only six companies who have been granted international long
distance carrier licenses in the state of Israel. Commenting on the
rapid market acceptance of "018", XFONE, Inc.'s President and CEO
Guy Nissenson noted, "The early success we are experiencing in
Israel supports our strong belief that XFONE Communication Ltd.
will contribute measurably to XFONE, Inc.'s growth in 2005 and
beyond. Based on these initial results, it appears that we are well
on pace in the direction to our goal of achieving a significant
share of the total international long distance market in Israel by
the end of 2006. Perhaps most noteworthy, however, is the fact that
these results also reflect that XFONE Communication is moving in
the direction of its goal of achieving positive cash flow and
subsequent profitability ahead of our goal date." 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. "Considering that
XFONE does not require people to formally register to use our '018'
international long distance calling services, we are pleased to see
such a robust number of users electing to register with us to make
XFONE their default carrier," stated Rafi Dick, Managing Director
of XFONE Communication Ltd. "It is evident that we are experiencing
very positive response to our national sales and marketing
initiatives, which have concentrated on reaching five key market
segments." 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
changing technology and evolving 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/
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