XFONE Announces the Completion of Fiber-To-The Premise Build-Out in Levelland, Texas
April 8, 2010
Lubbock, TX – April 8, 2010 – XFONE, Inc. (NYSE Amex and TASE: XFN) ("XFONE" or "the Company") has announced today the completion of the build-out of its Fiber-To-The-Premise (FTTP) network in Levelland, Texas. The Levelland network adds 6,200 passings to the Company’s FTTP footprint.
Mr. Guy Nissenson, the Company’s President and CEO, commented, “We are very pleased to have the opportunity to provide this community with access to high speed broadband services. We started signing up Levelland customers in August 2009 as portions of the network were operational, and officially kicked off our marketing activities in November 2009. Since then, we have seen a strong response to our voice, video and data triple play service. We will continue to work diligently to secure sales and complete installations in pursuit of our goal to reach 69% of the Levelland market.”
“The Levelland project was financed through a low cost federal loan and this build out will serve as the blueprint for our future projects in new markets. We’re very excited to have completed a significant step in the expansion of our FTTP network.”
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 |
Company Contact |
John Nesbett/Jennifer Belodeau
Institutional Marketing Services (IMS)
Tel: 1.203.972.9200
E-mail: jnesbett@institutionalms.com
|
Niv Krikov, CFO
Tel: 1.806.771.1181
E-mail: niv@xfone.com |
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