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INFOSONICS EXTENDS ITS DISTRIBUTION AGREEMENT WITH SAMSUNG LATIN AMERICA THROUGH DECEMBER 2006
SAN DIEGO, CA, November 10 , 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 Electronics Latinoamerica (“SELA”) through December 2006. Under the agreement, InfoSonics will continue to provide distribution solutions to carriers, for a variety of Samsung wireless telecommunication devices and related accessories. SELA’s sales area covers Central America, the Caribbean, Ecuador and Venezuela.
“Over the past year, InfoSonics has built a successful partnership with SELA, and we are excited to continue the relationship,” stated Joseph Ram, President and CEO of InfoSonics. “InfoSonics’ strong in-country presence, distribution and value added services, combined with SELA’s product line-up, position this partnership for continued success in the region.”
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 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 Form 10-K for the year ended December 31st 2004 and our Forms 10-Q for the quarter ended June, 30 2005 and prior periods.
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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