InfoSonics Strikes Distribution Agreement with Ingram Micro Mobility
SAN DIEGO, Dec. 18, 2013 /PRNewswire/ -- InfoSonics Corporation (NASDAQ: IFON) today announced that it had entered into a non-exclusive Distribution Agreement with Ingram Micro Mobility (formerly Brightpoint, Inc.), a wholly owned subsidiary of Ingram Micro Inc. (NYSE: IM).
"We are very pleased to enter into this agreement with Ingram Micro Mobility to distribute our verykool® phones in the United States," said Joseph Ram, InfoSonics president and chief executive officer. "We view this as a win-win scenario for both parties in which InfoSonics will gain access to Ingram Micro Mobility's vast distribution network to carriers, retail and on-line customer channels and Ingram Micro Mobility is able to expand its product offerings to include the verykool® family of competitively priced and innovative products."
About InfoSonics Corporation
InfoSonics is a San Diego-based designer, manufacturer and provider of wireless handsets and related products to OEMs, carriers, distributors and consumers in the United States, Latin America, Europe, Africa and Asia Pacific. The company is committed to delivering quality products with innovative industrial designs that appeal to consumers and offer exceptional value. InfoSonics sells and supports its own 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 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. Factors that could cause or contribute to such differences include, without limitation: (1) customer acceptance of our products in the U.S. market; (2) lack of orders from Ingram Micro Mobility, given that the Distribution Agreement contains no guarantees of purchase or volume commitment; (3) our ability to continue to differentiate our products from the competition; (4) significant changes in supplier terms and relationships or shortages in component or product supply; (5) extended general economic downturn in world markets; (6) inability to secure adequate supply of competitive products on a timely basis and on commercially reasonable terms; (7) inability to attract new sources of profitable business from expansion of products or services or risks associated with entry into new markets, including geographies, products and services; and (8) rapid product improvement and technological changes leading to changes in consumer demand for multimedia wireless handset products and features. Reference is also made to other factors detailed from time to time in our periodic reports filed with the Securities and Exchange Commission. These forward-looking statements 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 after the date of this release.
Note: All trademarks and copyrights other than InfoSonics and verykool are property of their respective owners.
SOURCE InfoSonics Corporation