XFONE Begins Phase Three Of Fiber-To-The-Premise Buildout In Levelland, Texas
LUBBOCK, Texas--(BUSINESS WIRE)--XFONE, Inc. (NYSE Alternext and TASE: XFN) ("XFONE" or "the Company") announced that it's wholly owned subsidiary, NTS Communications, Inc. has begun work on the final portion of a three-phase buildout of its Fiber-to-the-Premise ("FTTP") network for Levelland and Smyer,Texas. Phase Three includes the construction of a distribution plant in Levelland as well as completion of the installation of a fiber network connecting Lubbock, where the Company currently offers FTTP service, to the central point of presence in Levelland.
By the end of November 2008, the Company expects to complete Phase Two of the buildout, comprised of connecting fiber from the existing core fiber network in the center of Lubbock to the intercity fiber route which was completed in late July 2007.
Guy Nissenson, President and CEO of Xfone commented, "We are very pleased with the progress we have achieved in the buildout of our fiber network. Our FTTP business demonstrated sequential revenue growth of 4% from the first to the second quarter of 2008 which we believe can be attributed to customer recognition of the advantages of our voice, video and data triple play offering. Our experience with this build out, from the economical Rural Utilities Service financing to the construction of the network itself, provides an excellent model for our future expansion."
About XFONE, Inc.
A U.S.-domiciled corporation, XFONE 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; video; 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.
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 U.S. Securities and Exchange Commission.
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