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SAMSUNG APPOINTS INFOSONICS TO DISTRIBUTE
CELLPHONES IN CENTRAL AMERICA, THE CARIBBEAN, VENEZULA
AND ECUADOR
SAN DIEGO, CA, December 27, 2004- InfoSonics
Corporation (AMEX: IFO), one of the largest distributors
of wireless handsets in the United States and Latin America,
today announced it has been appointed as an authorized
distributor for Samsung Electronics Latin America. Under
the agreement, InfoSonics will offer distribution solutions
and services in Central America, the Caribbean, Venezuela
and Ecuador for a variety of Samsung wireless telecommunication
devices and accessories to carriers, retailers and agents.
“This agreement will assist our
growth effort in Latin America, in addition to strengthening
our overall global relationship with Samsung, which began
in 1997” stated Joseph Ram, President and CEO of
InfoSonics. “We have had very good success with
the Samsung brand in the United States, and look forward
to providing turnkey fulfillment services of Samsung products
in Latin America and the Caribbean. In our experience,
Samsung’s high-quality, well engineered product
offerings are well received by consumers and we are pleased
with Samsung’s continued confidence in InfoSonics’
proven distribution capabilities.”
“With InfoSonics’
commitment to growth, as well as their resources, skill
and regional coverage, this agreement will help expand
our success with our customers in the region,” stated
Javier Romeu, Director and General Manager of Samsung
Electronics Latin America Telecommunication Division.
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 distribution
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.
About Samsung Electronics
Samsung Electronics is a global leader in the
technology of mobile telecommunication, and it researches,
markets and sells wireless handsets and telecommunications
products throughout the Americas and the World. Based
on the research done by Interbrand Inc., USA, Samsung
Electronics is the fastest growing brand from 6.4billion
USD (2001) to 8.3billion USD (2002) in Brand equity. For
additional information regarding Samsung Latin America,
please visit: http://www.samsung-latin.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 products from
our suppliers, our ability to maintain commercially feasible
margins given significant competition, and other factors.
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 the final prospectus
filed June 18, 2004, in connection with our initial public
offering.
Company Contact:
Jeffrey A. Klausner, Chief Financial Officer
858-373-1600
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