XFONE Announces Agreement Between Story Telecom and e-pay
February 28 2005 - 10:28AM
PR Newswire (US)
XFONE Announces Agreement Between Story Telecom and e-pay Company's
U.K. Operations Expands Prepaid Phone Services Through e-pay's
Network; LONDON, Feb. 28 /PRNewswire-FirstCall/ -- XFONE, Inc.
today announced that the Company's strategic partner, Story
Telecom, Inc., a leading marketer and distributor of prepaid phone
services in the United Kingdom, has signed an agreement with e-pay
U.K. to offer prepaid phone cards to consumers through e- pay's
established network of point-of-sale (POS) terminals located
throughout the country. XFONE provides Story Telecom with all
switching and system support for its prepaid telephony products.
"This new venture with Story Telecom is a prime example of how we
are working with our retail network to greatly expand service
offerings at the POS terminal level," stated Andrew Dellow, Sales
Director at e-pay U.K. "Story Telecom's products will provide
e-pay's retailers with increased revenue opportunities while also
empowering them to better serve their customers. We plan to offer
the widest possible range of Story Telecom's products, including
standard prepaid service for both landline and mobile phone
customers," added Dellow. Nir Davison, CEO of Story Telecom, noted,
"We are very pleased to be partnering with e-pay, one of the
largest electronic transaction providers in the world. Their
impressive U.K. installed retail base provides us with a
significant and immediate opportunity to capture a greater share of
the prepaid phone card market. When added to our existing
distribution network, Story Telecom becomes one of the largest
electronic suppliers of prepaid phone cards in the U.K. with more
than 25,000 points of presence." 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. About Story Telecom, Inc. Story Telecom, Inc. specializes
in prepaid telecommunications services for mobile customers and
possesses a significant share of the prepaid telephony market in
the United Kingdom. Story Telecom currently has a network of 100
plus distributors, 250,000 registered mobile users and more than
35,000 retail points of presence within the United Kingdom.
Collectively offering over 30 different prepaid card products,
Story Telecom provides consumers with a wide range of tariffs on
all targeted international mobile and landline call destinations.
About e-pay Limited e-pay, a subsidiary of Euronet Worldwide Inc.,
is the largest electronic payments processor of prepaid mobile
airtime top-up services in the U.K. and Australia. Founded in 1999,
e-pay focuses on cash-based recharge, or the "top-up" market, for
processing electronic purchases of prepaid mobile airtime and
long-distance phone cards. About Euronet Worldwide Euronet
Worldwide is an industry leader in providing secure electronic
financial transaction solutions. Through its prepaid
subsidiaries-e-pay, PaySpot, transact and Movilcarga-Euronet is the
world's largest provider of electronic distribution service, or
top-up services, for prepaid mobile airtime. The company has
processing centers located in the U.S., Europe and Asia, and
processes more than 20 million electronic top-up transactions per
month at more than 175,000 points of sale across 85,000 retailers
in ten countries. Euronet also operates the largest independent
pan-European ATM network, and the largest shared ATM network in
India. With corporate headquarters in Leawood, Kansas, USA, Euronet
serves clients in more than 65 countries. For more information,
visit the company's website at http://www.euronetworldwide.com/.
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 of Elite
Financial Communications Group, +1-407-585-1080, or Web site:
http://www.xfone.com/
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