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SAN DIEGO, CA, October 30, 2006 –InfoSonics Corporation (NASDAQ: IFON), one of the fastest growing distributors of wireless handsets serving Latin America and the United States, today announced that it will release financial results for its third quarter, ended September 30, 2006, on Thursday, November 9, 2006. The Company also announced that Joseph Ram, President & Chief Executive Officer, and Jeff Klausner, Chief Financial Officer, will host an investor conference call to discuss the results.
The conference call is scheduled for 1:30 p.m. PST (4:30 p.m. EST) on November 9, 2006. Investors interested in participating in the call can dial 866-356-3377 from the U.S. and enter passcode 95733652. International callers can dial 617-597-5392. There will also be a simultaneous webcast available at www.infosonics.com. A digital replay will be available by telephone for two weeks and may be accessed by dialing 888-286-8010 from the U.S., or 617-801-6888 for international callers, and entering passcode 78190614.
About InfoSonics Corporation
InfoSonics is one of the fastest growing distributors of wireless handsets and accessories, providing end-to-end handset and wireless terminal solutions for network operators in both the United States and Latin America. These solutions include product approval and certification, light assembly, logistics services, marketing campaigns, warranty services, and end user support. For more information, please visit http://www.infosonics.com.
Statements contained in this press release may be "forward-looking" statements." These statements may use forward-looking terms, such as "anticipates," "believes," "could," "estimates," "may," "should," "will," their negatives or other variations on these terms, or similar terms. The matters in this release that are forward-looking statements, including without limitation, statements about future net sales, sales levels, operating income and margins, wireless handset sales, stock-based compensation expense, gain (loss) in value of derivatives, cost synergies, operating efficiencies, profitability, market share and rates of return, are based on current management expectations that involve certain risks and uncertainties, which, if realized, in whole or in part, could cause such expectations to fail to be achieved and have a material adverse effect on our business, financial condition or results of operations. Some of these risks and uncertainties, include, without limitation: (1) intense competition, regionally and internationally, including competition from alternative business models, such as manufacturer-to-carrier sales, which may lead to reduced prices, lower sales or reduced sales growth, lower gross margins, extended payment terms with customers, increased capital investment and interest costs, bad debt risks and product supply shortages; (2) inability to secure or maintain adequate supply of competitive products on a timely basis or on commercially reasonable terms from suppliers; (3) foreign exchange rate fluctuations, devaluation of a foreign currency, adverse governmental controls or actions, political or economic instability, or disruption of a foreign market, and other related risks of our international operations; (4) the ability 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; (5) an interruption or failure of our information systems or subversion of access or other system controls may result in a significant loss of business, assets, or competitive information; (6) an extended general economic downturn; (7) loss of business from one or more significant customers; (8) customer and geographical sales and accounts receivable concentration risk, including in Latin America; (9) rapid product improvement and technological change resulting in inventory obsolescence; (10) future terrorist or military actions; (11) the loss of a key executive officer or other key employees; (12) changes in consumer demand for multimedia wireless handset products and features; (13) failure to adequately adapt to industry changes, including consolidation of the wireless handset carrier market, and to manage potential growth and/or contractions; (14) future periodic assessments required by current or new accounting standards such as those relating to long-lived assets, goodwill and other intangible assets and expensing of stock options and valuing gain or loss on fair value of derivatives; and (15) seasonal buying patterns; (16) the impact, if any, of changes in EITF 00-19 or SFAS 133 guidance as it relates to warrants and registration rights; and (17) any uninsured damages, legal fees and costs relating to current and future pending and threatened litigation. Our actual results could differ materially from those anticipated in our forward-looking statements. InfoSonics does not intend to update any forward-looking statements. For a further discussion of significant factors to consider in connection with forward-looking statements concerning InfoSonics, see "Item 1A. Risk Factors" of InfoSonics’ Annual Report on Form 10-K for the year ended December 31, 2005 and "Part II. Item 1A. Risk Factors" of InfoSonics’ Quarterly Report on Form 10-Q for the quarter ended March 31, 2005.
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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