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INFOSONICS EXTENDS ITS DISTRIBUTION AGREEMENT WITH SAMSUNG THROUGH 2008
SAN DIEGO, CA, October 12, 2005 - InfoSonics Corporation (AMEX: IFO), one of the largest distributors of wireless handsets in the United States and Latin America, today announced it has extended its distribution agreement with Samsung Telecommunications America through August 2008. Under the agreement, InfoSonics will continue to provide distribution solutions to carriers, retailers and agents in the United States for a variety of Samsung wireless telecommunication devices and related accessories.
“Over the past several years, Samsung has significantly grown its market presence in the United States, and InfoSonics has contributed to that success,” stated Joseph Ram, President and CEO of InfoSonics. “We look forward to continuing to provide Samsung with our full range of distribution and value added services to support their growth and to assist them in bringing new innovative products to the marketplace.”
About InfoSonics Corporation
InfoSonics is one of the largest distributors of wireless handsets and accessories in the United States and Latin America . For the wireless telecommunications industry, InfoSonics provides flexible and cost effective solutions, including purchasing, marketing, selling, warehousing, order assembly, programming, packing, shipping, and delivery. InfoSonics supports the manufacturers in moving their products to agents, resellers, distributors, independent dealers, retailers and wireless network operators in the U.S. and Latin America . For additional information, please visit http://www.infosonics.com .
The forward-looking statements contained herein are subject to certain risks and uncertainties that could cause actual results to differ materially from those reflected in the forward-looking statements. Some of these uncertainties and risks include, but are not limited to, the demand for our products, our ability to obtain our products from our suppliers, our ability to maintain commercially feasible margins given significant competition, and other factors. In addition, references to past operating results should not be considered to be indicative of future performance. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect management's analysis only as of the date hereof. InfoSonics undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof. Readers should carefully review the risks described in other documents that InfoSonics files from time to time with the Securities and Exchange Commission ("SEC"), including our Forms 10-K and 10-Q.
Contacts:
Jeffrey A. Klausner
Chief Financial Officer
ir@InfoSonics.com
858-373-1600
John Mills or Allyson Pooley
Integrated Corporate Relations
jmills@icrinc.com or apooley@icrinc.com
310-954-1100
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