XFN Xfone Common Stock

LONDON, July 6 /PRNewswire-FirstCall/ -- XFONE, Inc. (AMEX:XFN), an international diversified communications services company, today announced that it has successfully closed on the acquisition of Equitalk.co.uk Limited, a privately held telephone company based in the United Kingdom, in a restricted stock and warrant transaction valued at $1.65 million. Operating under the auspice of Swiftnet, Equitalk will operate as a wholly-owned subsidiary of XFONE, Inc. "We are very pleased to finalize this transaction and officially welcome Equitalk to XFONE's growing global enterprise," stated Guy Nissenson, President & Chief Executive Officer of XFONE, Inc. "I'm also delighted to confirm that John Mark Burton has assumed the post of Managing Director of Swiftnet and is wasting little time in executing planned strategies to move Equitalk and Swiftnet forward. In keeping with our universal branding strategy, the Swiftnet brand will be renamed to XFONE U.K." Founded in December 1999 by John Mark Burton and James Ruane, Equitalk, a VC-financed company, was the U.K.'s first fully automated e-telco. It provides both residential and business customers with low-cost IDA and CPS voice services, broadband and teleconferencing. Anyone with a British Telecom (BT) line can use Equitalk to cut their BT phone bill. Customers simply register online, and are not required to switch from BT for line rental. Serving thousands of customers each day, Equitalk achieved approximately $2.1 million in revenues in 2005. About XFONE, Inc. A U.S.-domiciled corporation, XFONE, Inc. is a 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; reselling opportunities; and email and fax broadcasting services. The Company serves customers across Europe, Asia, North America, South America, Australia 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 DATASOURCE: XFONE, Inc. CONTACT: Alon Mualem, Chief Financial Officer of XFONE, Inc., 011-972-39254446, or ; or Dodi Handy of Elite Financial Communications Group, +1-407-585-1080, or Web site: http://www.xfone.com/

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