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INFOSONICS ADDS KIRK WALDRON TO
BOARD OF DIRECTORS
SAN DIEGO, January 21, 2005- InfoSonics
Corporation (AMEX: IFO), one of the largest distributors
of wireless handsets in the United States and Latin America,
today announced the addition of Kirk Waldron to its board
of directors. He currently serves as interim president
and CFO for SMTEK International, Inc. (Nasdaq: SMTI);
an electronics manufacturing services provider serving
original equipment manufacturers (OEMs) in the medical,
industrial instrumentation, telecommunications, security,
financial services automation, aerospace and defense industries.
"Kirk will provide an added level of public company
financial and operational experience and expertise to
the InfoSonics board," said Joseph Ram, president
and CEO of InfoSonics. "We welcome him to the board
and look forward to working with Kirk for the continued
success of the organization.”
Prior to joining SMTEK, Waldron served as CEO, president
and CFO for two other public companies, and is also a
CPA. Mr. Waldron brings an extensive amount of operating,
management, accounting and corporate governance experience.
Mr. Waldron also serves on the board of directors of the
Ventura County Chapter of the American Red Cross.
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.
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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