This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

InfoSonics Appoints Vernon LoForti As Chief Financial Officer

SAN DIEGO, July 26 /PRNewswire-FirstCall/ -- InfoSonics Corporation (Nasdaq: IFON), one of the premier providers and developer of wireless handset solutions serving Latin America and other markets, today announced the appointment of Vernon A. LoForti as the company's chief financial officer.  LoForti will oversee all finance, administrative, information technology, investor relations and legal aspects of InfoSonics.

LoForti, age 57, previously served in a number of executive positions at Overland Storage, Inc., a global supplier of data protection appliances.  He joined Overland in 1995 and served first as the company's Vice President, Chief Financial Officer and Secretary, and led its initial public offering in 1997.  From August 2007 to January 2009, LoForti served as President, Chief Executive Officer and a member of Overland's Board of Directors.  From February 2009 to September 2009, he served as President.  From August 1992 to December 1995, LoForti was the Chief Financial Officer for Priority Pharmacy, a privately held pharmacy company.  From 1981 to 1992, he was Vice President of Finance for Intermark, Inc., a publicly held conglomerate.  LoForti began his career in public accounting with Price Waterhouse and holds a Bachelor of Science in Accounting from Brigham Young University.

"I am excited to join InfoSonics, a company with a long heritage of success and with great potential for the future," said LoForti.  "I look forward to working with the company's talented and dedicated team to leverage our new proprietary platform of mobile phones and expand our presence in Latin America."

"I am confident, based on his personality and depth of experience, that Vern is well suited to help InfoSonics leverage its core assets, attain its corporate goals and bring our company to the next level," said Joseph Ram, InfoSonics president and chief executive officer.  "Vern is an experienced public company financial executive and has had strategic and operational experience in a multi-national hightech company.  I look forward to working with Vern as a business partner in our quest to further develop our business model and to his contribution to the company's future strategic direction."

About InfoSonics Corporation

InfoSonics is one of the premier providers and distributors of wireless handsets and accessories serving Latin America.  For the wireless telecommunications industry, InfoSonics provides flexible and costeffective solutions, including product assembly, 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 Latin America. For additional information, please visit www.infosonics.com.

SOURCE InfoSonics Corporation

Copyright 2009 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
IFON $2.56 0.00%
AAPL $132.65 0.00%
FB $81.91 0.00%
GOOG $555.37 0.00%
TSLA $231.55 0.00%

Markets

DOW 18,037.97 -42.17 -0.23%
S&P 500 2,108.92 -8.77 -0.41%
NASDAQ 5,060.2460 -31.8390 -0.63%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs