SAN DIEGO, March 8, 2011 – InfoSonics Corporation (NASDAQ: IFON) today announced the launch of its new verykool® s700 Android powered smartphone.
“We are excited to release our first internally designed smartphone based on the Android platform,” said Joseph Ram, the company’s president and chief executive officer. “The s700 features a 3.5” capacitive screen and optional dual SIM (3G/2G) capability. In addition to the main 2MP rear-facing camera, we added a secondary front-facing VGA camera for video calling. The phone has Wi-Fi and Bluetooth 2.1 connectivity, and we optimized the battery to last approximately 1.5 days for the average user. From a software perspective, we believe our custom designed user interface is very intuitive, and we endowed the s700 with a number of attractive features including native push e-mail, GPS navigation, access to the Android marketplace and other instant messaging and social networking applications. And, we added some extra features like an E-compass, a 3-way gyroscope and a status LED which instantly signals a new message or missed call.”
The Company noted the following additional details of the s700:
- Video recording and playback
- Android version 2.2
- Built-in FM radio and MP3 music player
- SMS/MMS messaging
- Can be used as a 3G USB tethering device
- T-Flash memory expandable to 32GB (2GB embedded)
- 1400 mAh Li-ion battery with kill app for battery savings
- Speakerphone, 72 polyphonic ringtones, 3.5mm audio jack and stereo headset included
The verykool® s700 is available now. To learn more about the device, visit our verykool® website at http://www.verykool.net/Phones/s700.
About InfoSonics Corporation
InfoSonics is a designer, manufacturer and provider of wireless handsets and related products to OEMs, carriers and distributors in Latin America, Europe, Africa and Asia Pacific. The Company designs, develops, manufactures, markets, sells and provides after-sales support for its own proprietary line of products under the verykool® and other private label brands. Additional information can be found on our corporate website at www.infosonics.com and www.verykool.net.
Except for the factual statements made herein, the information contained in this news release consists of forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve risks, uncertainties and assumptions that are difficult to predict. Words and expressions reflecting optimism, satisfaction or disappointment with current prospects, as well as words such as “believes,” “hopes,” “intends,” “estimates,” “expects,” “projects,” “plans,” “anticipates” and variations thereof, or the use of future tense, identify forward-looking statements, but their absence does not mean that a statement is not forward-looking. Such forward-looking statements are not guarantees of performance and our actual results could differ materially from those contained in such statements. Factors that could cause or contribute to such differences include, without limitation: (1) customer acceptance of the new s700 handset; (2) our ability to continue to differentiate our products, including the s700, from the competition; (3) extended general economic downturn in world markets; (4) inability to secure adequate supply of competitive products on a timely basis and on commercially reasonable terms; (5) inability to attract new sources of profitable business from expansion of products or services or risks associated with entry into new markets, including geographies, products and services; (6) significant changes in supplier terms and relationships or shortages in product supply; and (7) rapid product improvement and technological changes leading to changes in consumer demand for multimedia wireless handset products and features. Reference is also made to other factors detailed from time to time in our periodic reports filed with the Securities and Exchange Commission. These forward-looking statements speak only as of the date of this release and we undertake no obligation to publicly update any forward-looking statements to reflect new information, events or circumstances after the date of this release.
Vernon A. LoForti
Chief Financial Officer