SAN DIEGO, May 31, 2012 – InfoSonics Corporation (NASDAQ: IFON) today announced the launch of its new verykool® i674 and i675 handsets.
“We are excited to release our newly designed model that has both a 2.8” capacitive touch screen and a QWERTY keypad,” said Joseph Ram, the company’s president and chief executive officer. “This is our third product in a category we refer to as ‘smart feature phones,’ which also includes our previously released i725 and i285. These phones have many of the capabilities and feel of a smartphone, but without the high cost. They have a graphical user interface, high quality touch screen, full internet navigation, e-mail and direct access to popular social media networks. We are also planning to add a dedicated application store in the near future. This new verykool® model has a superior mechanical design with a thickness of only 11 mm and an appealing finish. It will be offered in two versions. The i674 is a dual SIM version for the emerging markets within Asia, Africa, Eastern Europe and the retail channel in Latin America. The i675 is a single SIM version for operators mainly in Latin America.”
The Company noted the following additional details of the i674 and i675 handsets:
- EDGE quad band (850/900/1800/1900)
- Video recording and playback
- Built-in FM radio and MP3 music player
- Bluetooth, modem and USB data port
- 2MP camera
- T-Flash memory expandable to 32GB (40MB embedded)
- 1000 mAh Li-ion battery
- Speakerphone, 64 polyphonic ringtones, 3.5mm audio jack and stereo headset included
The verykool® i674 and i675 are available now. To learn more about the device, visit our verykool® website at http://www.verykool.net/Products/i674.
About InfoSonics Corporation
InfoSonics is a 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 i674 and i675 handsets; (2) our ability to continue to differentiate our products, including the i674 and i675, 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