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INFOSONICS TO
DISTRIBUTE SAMSUNG IN ARGENTINA
SAN DIEGO, CA, January 26, 2005- InfoSonics Corporation
(AMEX: IFO), one of the largest distributors of wireless
handsets in the United States and Latin America, today
announced that it has acquired a company with the distribution
rights for Samsung cellular phones and accessories. The
wholly owned subsidiary will be distributing Samsung cellular
phones and accessories in Argentina through Jan 2007.
The sales in Argentina will be handled on an agency basis
by MultiRadio S.A., a local Argentine company with more
than 25 years experience selling wireless communication
equipment.
“This acquisition will allow
InfoSonics instant entry into the Argentinean market,
and is a fantastic opportunity for us to increase our
reach in South America” said Joseph Ram, President
and CEO of InfoSonics. “Our global Samsung relationship
which began in 1997 continues to strengthen as we expand
into different Latin American regions. Argentina, with
a population of almost 38 million people, offers many
opportunities for both new subscribers and equipment upgrades,
and we plan to work hand in hand with Samsung Argentina
to develop this market together.
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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