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XFONE, Inc. Names Gilad Amozeg as Executive Vice President.


JACKSON, Miss. -- XFONE, Inc. (AMEX AMEX

See: American Stock Exchange
, TASE TASE Tel Aviv Stock Exchange
TASE The All Seeing Eye
TASE Tactical Air Support Element
TASE Thrust Assessment Support Environment
TASE Telecontrol Application Service Elements (IEC communications protocol) 
: XFN XFN XHTML Friends Network
XFN X/Open Federated Naming
XFN Xinhua Financial Network/News
XFN X11 Federated Naming
), an international diversified communications services company, today announced the appointment of Gilad Amozeg as Executive Vice President. In this role, Mr. Amozeg will focus on strategic planning, mergers and acquisitions and investor relations.

Guy Nissenson, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  of XFONE, Inc. commented, "We are very pleased to welcome Gilad Amozeg to our management team. His international business experience, diverse professional background and expertise in finance, operations and marketing make him well suited to join our team."

Most recently Mr. Amozeg was Chief Executive Officer of ad notam LLC (Logical Link Control) See "LANs" under data link protocol.

LLC - Logical Link Control
, a German manufacturer of mirror televisions, where he established the company's operations in the United States. Before that, he served as the Senior Associate, Mergers & Acquisitions at Zellermayer & Pelossof, a leading law firm in Israel. While there he led the takeover and restructuring of Israel's leading investment vehicle, Gmul Investment Company and was subsequently appointed to the company's Board of Directors where he assisted their IPO (Initial Public Offering) The first time a company offers shares of stock to the public. While not a computer term per se, many founders, employees and insiders of computer companies have found this acronym more exciting than any tech term they ever heard.  on the Tel Aviv stock exchange Tel Aviv Stock Exchange

Israel's only stock exchange.
. Prior to that, Mr. Amozeg was an associate attorney within Israel's Ministry of Finance, specializing in issues related to the Pension Fund industry.

Mr. Amozeg earned an LL.B degree (cum laude) in Corporate Law and Corporate Finance from the Hebrew University of Jerusalem Hebrew University of Jerusalem

Independent university in Jerusalem, Israel, founded in 1925. The foremost university in Israel, it attracts many Jewish students from abroad; Arab students also attend.
, where he also received a LL.M LL.M Legum Magister (Master of Laws)  (magna cum laude) degree in Taxation. He holds an MBA MBA
abbr.
Master of Business Administration

Noun 1. MBA - a master's degree in business
Master in Business, Master in Business Administration
 degree in Finance with a concentration in Private Equity: Buyouts from The Wharton School at The University of Pennsylvania (body, education) University of Pennsylvania - The home of ENIAC and Machiavelli.

http://upenn.edu/.

Address: Philadelphia, PA, USA.
 in the United States.

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 telephony services; 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 across Europe, Asia, North America, South America, Australia and Africa. For the company's website, please visit: www.xfone.com

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." The Company'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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Publication:Business Wire
Date:Jan 30, 2007
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