SAN DIEGO, August 2, 2012 – InfoSonics Corporation (NASDAQ: IFON) today announced the launch of its new verykool® s728 Smartphone.
“We have heard from consumers in a number of our target markets that they would like to make the transition from feature phones to smartphones, but are rebuffed by the complexity and price points of many of the products on the market today. We designed our new Android 2.3.5 powered verykool® s728 as a compact, entry-level smartphone to fill this very need,” said Joseph Ram, the company’s president and chief executive officer. “The s728 is only about 4 inches tall, 2.2 inches wide and 0.5 inches thick and fits perfectly in the palm of your hand. It is a great 3G starter smartphone with a 2.8 inch capacitive touch screen, dual cameras, Bluetooth, Wi-Fi, push e-mail and many other features. Combined with an attractive price, we hope the s728 will appeal to consumers shopping for their first smartphone.”
The Company noted the following additional details of the s728:
- 3G HSDPA dual band (850/1900) and 2G GSM quad band (850/900/1800/1900)
- Connectivity includes WAP, GPS and USB port
- SMS and MMS messaging plus push e-mail
- Predictive text input
- 3.2 megapixel camera with front-facing VGA camera
- Built-in FM radio, MP3 music player and video recorder
- G-Sensor, eCompass, Play Store (for application downloads)
- Speakerphone, 3.5mm audio jack and stereo headset included
The verykool® s728 is available now and comes in two versions: a single SIM version for operator customers and a dual SIM version for the open market. To learn more about the device, visit our verykool® website at http://www.verykool.net/Products/s728/.
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 at 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 s728 handset; (2) our ability to continue to differentiate our products, including the s728, 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.
Note: Android is a trademark of Google, Inc.
Vernon A. LoForti
Chief Financial Officer