SAN DIEGO, February 25, 2012 – InfoSonics Corporation (NASDAQ: IFON) today announced the launch of its new verykool® s350 Smartphone.
“Our development goal for the new verykool® s350 was to deliver an entry-level smartphone at an attractive enough price point that it could serve as a replacement for existing 2G feature phones,” said Joseph Ram, the company’s president and chief executive officer. “We know there are many budget conscious consumers in our target markets who would love to have a smartphone, but are rebuffed by the price points of many of the products on the market today. We believe we have achieved our goal with the s350 and can now deliver an affordable product to fill this need. The s350 runs the Android 2.3 operating system, is powered by a 1GHz processor and has a 3.5 inch TFT LCD capacitive touch screen. It is compact at 4.4 inches tall, 2.4 inches wide and 0.4 inches thick and comes with Bluetooth, Wi-Fi, Wi-Fi hotspots, push e-mail and many other features. We are excited to deliver this product to market with an unsubsidized suggested retail price of $89.00 (US).”
The Company noted the following additional details of the s350:
- 2G GSM + Edge quad band (850/900/1800/1900)
- Connectivity includes WAP, USB port and modem tethering
- SMS and MMS messaging
- Predictive text input
- 2 megapixel camera
- Built-in FM radio, MP3 music player and video recorder
- Speakerphone, 3.5mm audio jack and stereo headset included
The verykool® s350 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/s350.
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 s350 handset; (2) our ability to continue to differentiate our products, including the s350, 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