SAN DIEGO, October 17, 2013 – InfoSonics Corporation (NASDAQ: IFON) today announced the launch of its new verykool® s400 Smartphone. The s400, nicknamed Ruby, is an affordable smartphone that is powered by a 1.2 GHz dual core processor and the Android 4.2 (Jelly Bean) operating system.
“We continue to refresh our product portfolio with faster processors, newer software and better features,” said Joseph Ram, InfoSonics president and chief executive officer. “The new s400 features a 1.2 GHz dual core processor, Android 4.2, a 4.0‑inch TFT LCD capacitive touch screen, 5-megapixel rear camera and VGA front‑facing camera. We expect this model will fill the place of older 3.5-inch products as customers prefer larger screens to improve the user experience. At the $110 price point, the s400 is a great value for the consumer.”
The Company noted the following additional details of the s400:
- 3G UMTSW/HSPA+ tri band (850/1900/2100); 2G quad band (850/900/1800/1900)
- Connectivity includes Wi-Fi, Wi-Fi hotspot, Modem Tethering, Bluetooth, GPS and USB port
- SMS and MMS messaging plus push e-mail, IM and SNS
- Built-in FM radio, audio/video player and recorder
- 1400 mAh Li-Ion battery
- 4GB internal memory; supports up to 32GB micro SD card
- Speakerphone, proximity/light/gravity sensors, and 3.5mm audio jack with stereo headset included
The verykool® s400 is available now and comes in two versions: a single SIM version for operator customers and a dual SIM (unlocked) version for the open market. Its suggested retail price is $109.99 (U.S.) and would likely be free of charge with the carrier subsidy on most post-paid plans. To learn more about the device, visit our verykool® website at http://www.verykool.net/Products/s400.
About InfoSonics Corporation
InfoSonics is a San Diego-based designer, manufacturer and provider of wireless handsets and related products to OEMs, carriers, distributors and consumers in the United States, Latin America, Europe, Africa and Asia Pacific. The company is committed to delivering quality products with innovative industrial designs that appeal to consumers and offer exceptional value. InfoSonics sells and supports its own 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 s400 handset; (2) our ability to continue to differentiate our products, including the s400, from the competition; (3) significant changes in supplier terms and relationships or shortages in component or product supply; (4) extended general economic downturn in world markets; (5) inability to secure adequate supply of competitive products on a timely basis and on commercially reasonable terms; (6) 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; 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.
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