XFONE, Inc. Names Alon Mualem as Chief Financial Officer
June 08 2005 - 3:50PM
PR Newswire (US)
XFONE, Inc. Names Alon Mualem as Chief Financial Officer LONDON,
June 8 /PRNewswire-FirstCall/ -- XFONE, Inc. (AMEX:XFN), a provider
of international voice and data communications services, today
announced that Mr. Alon Mualem has been appointed as its Chief
Financial Officer, effective immediately. In addition, Mr. Mualem
has also been appointed as the Chief Financial Officer of XFONE
Inc.'s Israeli subsidiary, XFONE 018 Ltd. Mr. Mualem brings with
him a wealth of knowledge and over 13 years' experience in the
financial and public arenas. Prior to joining XFONE, Inc., Mr.
Mualem held the CFO responsibilities at CheckM8, Ltd., a high-tech
Internet advertising firm located in Israel. He also held other
senior executive positions at RADVISION Ltd., a company currently
trading on the Nasdaq exchange and at RAD Data Communication Ltd.
In addition, Mr. Mualem worked with a public accounting firm, based
in Israel, which is an affiliate with the international public
accounting firm, KPMG. Guy Nissenson, XFONE, Inc.'s Chief Executive
Officer, stated, "Alon's financial and international background
will provide XFONE, Inc. and XFONE 018 with an invaluable skill set
to truly enhance our Company's growth strategy. We are very pleased
to officially welcome him aboard." Mr. Mualem, an Israeli-licensed
CPA, is a graduate of Tel Aviv University and holds a B.A. degree
in Economics and Accounting. Mr. Mualem is also a frequent
financial accounting lecturer at the Academic Business College.
About XFONE, Inc. A U.S.-domiciled corporation, XFONE, Inc. is an
international voice 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 in 75 countries 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: Elite Financial Communications
Group Stephanie Noiseux, 407-585-1080 DATASOURCE: XFONE, Inc.
CONTACT: Stephanie Noiseux, Elite Financial Communications Group,
+1-407-585-1080, or , for XFONE, Inc. Web site:
http://www.xfone.com/
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