InfoSonics Ships Its R80 Rugged, 'Survival' Phone To Customer In India
SAN DIEGO, Jan. 5, 2011 /PRNewswire/ -- InfoSonics Corporation (Nasdaq: IFON) today announced that it shipped its new rugged verykool® R80 handset in late December to its first customer in India. This represents the second shipment of the R80 "survival " phone to the Asia Pacific region, the first being made to a customer in China less than three months ago.
"We are extremely pleased to be able to report this second shipment of our R80 rugged handset to a major customer in India," said Joseph Ram, InfoSonics' president and chief executive officer. "Although it is still early, we believe that the R80 could be a significant product for us, and it is helping to open doors to new markets. The R80 is a full-featured, ruggedized, multimedia phone with a great feel and industrial design that we believe will be appealing to customers throughout Asia Pacific, as well as in our core Latin American market. Finally, the R80 represents the first in a new series of products that we hope to introduce in 2011."
About InfoSonics Corporation
InfoSonics is a provider of wireless handsets and related products to carriers and distributors in Latin America and Asia Pacific. The Company distributes products supplied by OEMs and also designs, develops, manufactures, markets, sells and provides after-sales support for its own proprietary line of products under the verykool® and other private label brands. Additional information can be found on our corporate website at www.infosonics.com and at www.verykool.net.Except for the factual statements made herein, the information contained in this news release consists of forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve risks, uncertainties and assumptions that are difficult to predict. Words and expressions reflecting optimism, satisfaction or disappointment with current prospects, as well as words such as "believes," "hopes," "intends," "estimates," "expects," "projects," "plans," "anticipates" and variations thereof, or the use of future tense, identify forward-looking statements, but their absence does not mean that a statement is not forward-looking. Such forward-looking statements are not guarantees of performance and our actual results could differ materially from those contained in such statements. Risks that contribute to the uncertain nature of the forward-looking statements in this release include continued acceptance and follow-on orders from current customers, the ability of the Company to attract new customers for its products, changing customer preferences, competition and unforeseen issues with supply chain, technology and development schedules. In addition, there are many other risks not listed here that may affect the future business of the Company, as well as the forward-looking statements contained herein. To learn more about the risks and uncertainties inherent in our business, we refer you to the risk factors set forth in our periodic reports filed with the Securities and Exchange Commission. All forward-looking statements in this press release speak only as of the date of this release and we undertake no obligation to publicly update any forward-looking statements to reflect new information, events or circumstances. SOURCE InfoSonics Corporation
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