XFONE's Israel '018' International Long Distance Calling Service Continues to Win New Customers and Increase Market Share
April 04 2005 - 12:58PM
PR Newswire (US)
XFONE's Israel '018' International Long Distance Calling Service
Continues to Win New Customers and Increase Market Share Monthly
Call Minutes Up Approximately 33%; On Pace to Exceed Four Million;
Customers Up 100% to Approximately 60,000 LONDON and TEL AVIV,
Israel, April 4 /PRNewswire-FirstCall/ -- XFONE 018 Ltd. (until
March 2005 previously named Xfone Communication Ltd.), the majority
owned Israel-based subsidiary of XFONE, Inc. (OTC:XFNE) (BULLETIN
BOARD: XFNE) , today reported that its "018" international long
distance carrier operations in Israel have continued to show strong
growth, with call minutes increasing nearly 33% from February 2005
to March 2005. Based on these results, XFONE 018 is on pace to
exceed four million call minutes per month -- up from approximately
three million in the prior month. As of March 31, 2005, XFONE 018
has logged 60,000 registered and unregistered customers since first
launching operations in mid-December 2004, reflecting a 100%
increase in the number of new customers since February 2005. XFONE,
Inc.'s President and CEO Guy Nissenson noted, "I'm pleased to
report that XFONE 018 continues to win new customers and
systematically increase our share of the international long
distance calling market in Israel. Although we have only been
operational in Israel for three and one- half months, the rate at
which we are growing on a month-over-month basis is well exceeding
our original forecasts. With our recently announced contract signed
March 7, 2005, to serve the international long distance calling
needs of the more than 7 million international passengers who fly
in and out of Tel Aviv's Ben Gurion Airport, Israel's largest
international airport, XFONE 018 is quickly gaining broad market
awareness. Aside from the revenue opportunity that this agreement
represents for us, we believe that the marketing exposure we will
receive will be enormous. Being selected to serve the international
long distance calling need for the millions of international
travelers that pass each year through Israel's largest airport is a
strong endorsement of '018' and the numerous benefits our services
offer." Continuing, Mr. Nissenson added, "Month over month, XFONE
018 intends to leverage its increasing popularity to grow market
share and build 018 into one of the leading international long
distance providers in Israel." 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 sometimes as much as 50% less than
the most competitive carrier 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. There are
only six companies that have been granted international long
distance carrier licenses in the State of Israel. About XFONE, Inc.
A U.S.-domiciled corporation, XFONE, Inc. is an international voice
and data communications services provider with operations in the
United Kingdom, the United States 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. This press release contains
forward-looking statements. The words or phrases "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." XFONE's financial and operational 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 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: 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, 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.
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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