Expetel Commuications Provides Savings to Louisiana Residents
August 22, 2002
JACKSON - eXpeTel Communications, a regional competitive local telephone company, announced today that it has been offering its local and long distance program to residents in Shreveport, Monroe and Alexandria, Louisiana and will open its offering in the New Orleans area in the upcoming weeks.
"We are very pleased with the positive and welcoming response from the people of the state of Louisiana," said Ted Parsons, executive vice president of eXpeTel. "It is very rewarding when the public understands that there is a true alternative to the incumbent monopoly regional bell operating companies, and then takes advantage of the savings associated through competition," Parsons continued.
eXpeTel provides low cost local and long distance telephone services to businesses and residential consumers throughout the southeastern United States. The company operates through an interconnection agreement with BellSouth, its primary competitor, and piggybacks its service on the Bell company's lines. The arrangement is allowed because of changes six years ago in federal telecommunications laws to promote competition in the local telephone service markets.
Competition in the local telephone service market was the focus of the Telecommunications Act of 1996, and eXpeTel states that competition has been slow to come in the local telephone service markets, especially in the residential, consumer markets. Parsons states that early entrants in the competitive local exchange markets spent billions of dollars building their own networks and focused primarily on business customers in the large metropolitan cities across the country. "Somehow the consumer was left behind and continues to pay high prices for the telephone services that they need," Parsons said.
According to Wade Spooner eXpeTel's President and CEO, the switch to eXpeTel is simple and easy. When a Bell customer switches their local telephone service to eXpeTel, the change is internal within the Bell system. "A records-change takes place internally with the Bell company and the consumer should not see any disruption of service. That's why this program is so great for the consumer," Spooner added.
eXpeTel is continuing with its expansion efforts throughout
the southeastern United States and says it should receive
approval in the remaining states of North Carolina, South
Carolina, Kentucky and Tennessee by year-end 2002. eXpeTel
states that they are on a mission to provide as many residential
consumers with the savings that they deserve and have
the right to expect, without hindering quality and network
reliability that they are accustomed to. If you have interest
in savings on your telephone service, the company has
a toll free number 1-800-310-4481 or visit them on the
web at www.expetel.com.
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 telephony services; prepaid and postpaid calling cards; cellular services; Internet services; messaging services (Email/Fax Broadcast, Email2Fax and Cyber-Number); and reselling opportunities. The Company serves customers worldwide. For the Company’s website, please visit: 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 U.S. Securities and Exchange Commission.
| For More Information,
Please Contact: |
| U.S. IR Contact |
Israel IR Contact |
Xfone Contact |
John Nesbett/Jennifer Belodeau
Institutional Marketing Services (IMS)
Phone: 1-203-972-9200
E-mail: jnesbett@institutionalms.com
|
Zvi Rabin
Kwan Communications
Tel: (Israel) +972 50 560 0140
E-mail: zvi@kwan.co.il |
Niv Krikov
Chief Financial Officer
Phone: + 972.39254446 (Israel)
E-mail: niv@xfone.com |
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