SAN DIEGO, July 26, 2010 – InfoSonics Corporation (NASDAQ: IFON) one of the premier providers and developer of wireless handset solutions serving Latin America and other markets, today announced the appointment of Vernon A. LoForti as the company’s chief financial officer. LoForti will oversee all finance, administrative, information technology, investor relations and legal aspects of InfoSonics.
“I am excited to join InfoSonics, a company with a long heritage of success and with great potential for the future, said LoForti. “I look forward to working with the company’s talented and dedicated team to leverage our new proprietary platform of mobile phones and expand our presence in Latin America.”
“I am confident, based on his personality and depth of experience, that Vern is well suited to help InfoSonics leverage its core assets, attain its corporate goals and bring our company to the next level,” said Joseph Ram, InfoSonics president and chief executive officer. “Vern is an experienced public company financial executive and has had strategic and operational experience in a multi-national high‑tech company. I look forward to working with Vern as a business partner in our quest to further develop our business model and to his contribution to the company’s future strategic direction.”
About Infosonics Corporation
InfoSonics is a provider of wireless handsets and related products to carriers and distributors in Latin America and Asia Pacific. The Company distributes products supplied by OEMs and also 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. Risks that contribute to the uncertain nature of the forward-looking statements in this release include continued acceptance and follow-on orders from current customers, the ability of the Company to attract new customers for its products, changing customer preferences, competition and unforeseen issues with supply chain, technology and development schedules. In addition, there are many other risks not listed here that may affect the future business of the Company, as well as the forward-looking statements contained herein. To learn more about the risks and uncertainties inherent in our business, we refer you to the risk factors set forth in our periodic reports filed with the Securities and Exchange Commission. All forward-looking statements in this press release 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.
Vernon A. LoForti
Chief Financial Officer