XFONE USA Acquires Assets of EBI Comm, Inc., a Mississippi-Based Internet Service Provider
01 Februar 2006 - 2:15PM
PR Newswire (US)
JACKSON, Miss., Feb. 1 /PRNewswire-FirstCall/ -- XFONE USA,
formerly eXpeTel Communications and now the wholly-owned subsidiary
of XFONE, Inc. (AMEX:XFN), an international diversified
communications services company, today announced that it has
purchased the assets of EBI Comm, Inc., a privately-held Internet
Service Provider providing a full range of Internet access options
for both commercial and residential customers in north Mississippi.
Based in Columbus, Mississippi, EBI Comm's services include
Dial-up, DSL, T1 Dedicated Access and Web Hosting. Its customer
base, currently numbering approximately 1,500 Internet users, is
largely concentrated in the Golden Triangle area, which includes
Columbus, West Point and Starkville, Mississippi. Based on its
historical financial results, EBI Comm is expected to contribute
approximately $300,000 in annual revenue to XFONE in 2006.
"Throughout the U.S. Gulf region, XFONE USA is widely recognized
for its proven commitment to delivering world class service to its
customers," stated Gene Imes, founder and President of EBI Comm.
"EBI Comm is pleased to be able to transition its customers over to
this industry leader." Charles W. Green, II, EBI Comm's Chief
Operating Officer, commented "EBI Comm's goal was to offer quality
services by providing dial-up and high speed Internet access to its
Mississippi-based customers. We are proud to have made this goal a
reality. EBI Comm is grateful to have found a Mississippi-based
company that shares the same goal. We are confident in XFONE USA
and are proud to have made this transition happen in a continued
effort to support our valued customers." The acquisition was
structured as an asset purchase, providing for XFONE USA to pay EBI
Comm total consideration equal to 50% of the monthly collected
revenue from the customer base during the first 12 months following
completion of the asset purchase. Acquired assets include the
customer base and customer lists, trademarks and all related
intellectual property, fixed assets and all account receivables.
Details of this transaction may be found in the related Form 8-K
filed with the U.S. Securities and Exchange Commission. XFONE USA
President Wade Spooner added, "We are delighted to welcome EBI
Comm's customers to XFONE USA's growing family and look forward to
providing them with a comprehensive range of voice, video and data
communications products and services." About XFONE USA, Inc.
Headquartered in Jackson, Mississippi, XFONE USA is a fully
integrated communications company providing residential and
business customers with high quality local, long distance and
data/Internet solutions throughout the Southeastern United States.
Combined with telephony services, XFONE USA also provides CATV and
high speed Internet services to planned communities and
multi-dwelling apartment communities, utilizing integrated
multi-media offerings - combining digital voice, data and video
services over broadband technologies - all on one single itemized
bill. 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 telephone services; prepaid
and postpaid calling cards; cellular services; VoIP services;
reselling opportunities; and email and fax broadcasting services.
The Company serves customers across Europe, Australia, North
America, South America, Asia and Africa. 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 Securities and Exchange Commission. For
More Information, Please Contact: At XFONE, Inc. Alon Mualem, Chief
Financial Officer, 011-972-39254446 or via email at Or Elite
Financial Communications Group Dodi Handy, 407-585-1080 or via
email at At XFONE USA Ted Parsons, Executive Vice President/CMO
601-420-6461 or via email at First Call Analyst: FCMN Contact:
DATASOURCE: XFONE, Inc. CONTACT: Alon Mualem, Chief Financial
Officer of XFONE, Inc., +1-011-972-39254446, or ; or Dodi Handy of
Elite Financial Communications Group, +1-407-585-1080, or ; or Ted
Parsons, Executive Vice President, CMO, of XFONE USA,
+1-601-420-6461, or Web site: http://www.xfone.com/
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