XFONE, Inc. to Dual List on the Tel Aviv Stock Exchange
19 Juli 2006 - 3:30PM
PR Newswire (US)
JACKSON, Miss., July 19 /PRNewswire-FirstCall/ -- XFONE, Inc.
(AMEX:XFN) ("XFONE" or "the Company"), an international diversified
communications services company, today announced that the Israel
Securities Authority and the Tel Aviv Stock Exchange ("TASE") have
approved the dual listing of the Company on the TASE. Trading on
TASE is expected to commence on July 24, 2006. XFONE's shares of
common stock will continue to be listed on the American Stock
Exchange ("AMEX") trading under ticker symbol "XFN", and will
continue to be subject to all the rules and regulations of the AMEX
and the U.S. Securities and Exchange Commission. "In light of the
growing success of XFONE's international business operations, and
particularly that of our Israel-based subsidiary, XFONE 018, we
felt the time was right to pursue a dual listing on the TASE to
help promote a broader and more convenient international,
institutional investment and increased market support of XFONE,"
stated Guy Nissenson, President and Chief Executive Officer of
XFONE, Inc. Continuing, Mr. Nissenson added, "Additional advantages
of the dual listing include longer trading hours and lower trading
costs. We strongly believe that the dual listing will enhance
XFONE's market exposure and provide a larger global investment
audience." "We are delighted to welcome XFONE to the TASE,"
commented Ronit Harel Ben-Ze'ev, Senior Vice President and Head of
the Economics Department at the Tel Aviv Stock Exchange. Ms. Harel
Ben-Ze'ev added, "Nearly 35 companies whose shares are traded on
the New York Stock Exchange (NYSE), the NASDAQ, or the London Stock
Exchange (LSE) Main Market have already dual listed in the TASE.
Dual listing exposes these companies to the Israeli investment
community." 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 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 shall not constitute an
offer to sell or a solicitation of an offer to buy the Company's
securities. 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/
Copyright
Xfone (AMEX:XFN)
Historical Stock Chart
Von Jun 2024 bis Jul 2024
Xfone (AMEX:XFN)
Historical Stock Chart
Von Jul 2023 bis Jul 2024