Subsequent Month-Over-Month Growth of XFONE '018' Continues to Outpace Original Expectations
May 02 2005 - 10:47AM
PR Newswire (US)
Subsequent Month-Over-Month Growth of XFONE '018' Continues to
Outpace Original Expectations Customers Up Approximately 25%;
Monthly Call Minutes Up Approximately 7% LONDON and TEL AVIV,
Israel, May 2 /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 outpace original
ramp- up expectations. As of April 30, 2005, XFONE 018 had logged
approximately 75,000 registered and unregistered customers since
first launching operations in mid-December 2004, which reflects a
25% increase in the number of new customers from March 2005 to
April 2005. In addition, from March 2005 to April 2005, call
minutes increased by more than 7%, despite the impact of reduced
usage of international communication services by Ultra Orthodox and
business customers due to the seven-day Jewish holiday of Passover
in the last week of April. Beginning in January of 2005, XFONE,
Inc. began reporting monthly results of XFONE 018 to provide
Company shareholders with heightened insight into the growth of its
new Israel-based subsidiary and to help shareholders carefully
track and assess the subsidiary's operational progress. Guy
Nissenson, President and Chief Executive Officer of XFONE, Inc.,
noted, "We knew when we launched XFONE 018 that our overriding
value proposition -- combining low cost with outstanding quality of
service -- would ultimately win us a meaningful share of the
sizable long distance calling market in Israel. What has both
surprised and delighted us is the rapid rate at which long distance
calling customers are selecting '018' as their preferred provider.
As a result, XFONE 018 continues to outpace our initial growth
expectations on a month-over-month basis." 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. XFONE 018
is one of 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. 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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