"The launch of our new R80 has a dual significance for InfoSonics," said Joseph Ram, the company's president and chief executive officer. "First, the R80 is the inaugural product that was developed entirely in-house by our verykool R&D center in Beijing, China. It represents the first in a stream of products on our roadmap and is a testament of our engineering capability. The R80 is a product integrating many unique features with a complex mechanical design. Secondly, delivery of the R80 to a new customer in Asia is a continuation of our stated expansion plan beyond our core Latin American market."
Describing the R80, Ram continued: "The design and capabilities of the R80 are part of our product differentiation plan as the mobile industry matures and commoditizes. The R80 is a quad band, GSMbased phone with GPRS class 12 technology that features enhanced water and shock resistance. In addition to its 2.4" QVGA TFT LCD front screen and 1" rear OLED screen, it also offers many rugged features that make the R80 the perfect "survival" phone. These include built-in GPS, altimeter, barometer, thermometer, E-compass, UV detector, pedometer, dual SIM redundancy and flashlight."
The Company noted that the R80 is also a full multimedia product incorporating:
- 2 megapixel camera and video camera with 3GP voice and video recording and playback
- FM radio and MP3 and MP4 capability
- Data capabilities with PC sync, USB modem, SMS and MMS messaging and e-mail
- 30MB internal memory, expandable to 32GB
- Speakerphone, 64 polyphonic ringtones, 3.5mm audio jack and stereo headset included
The verykool® R80 is available and shipping now. To learn more about the device, visit our verykool® website at http://www.verykool.net/Phones/r80.
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.
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) intense competition internationally, including competition from alternative business models, such as manufacturer-to-carrier sales, which may lead to reduced prices, lower sales, lower gross margins, extended payment terms with customers, increased capital investment and interest costs, bad debt risks and product supply shortages; (2) dependency on sales in Argentina which have been and will continue to be significantly reduced or eliminated as a result of the recently adopted import tariff in that country; (3) the ability of the Company's new China R&D group to develop new verykool® handsets and successfully introduce them into new emerging markets; (4) extended general economic downturn in world markets; (5) inability to secure adequate supply of competitive products on a timely basis and on commercially reasonable terms; (6) foreign exchange rate fluctuations, devaluation of a foreign currency, adverse governmental controls or actions, political or economic instability, or disruption of a foreign market, including, without limitation, the imposition, creation, increase or modification of tariffs, taxes, duties, levies and other charges and other related risks of our international operations, such as the recently adopted tax/duty change in Argentina on certain electronics (including cellular phones), which could significantly increase selling prices to our customers and end-users; (7) the ability 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; (8) an interruption or failure of our information systems or subversion of access or other system controls may result in a significant loss of business, assets or competitive information; (9) significant changes in supplier terms and relationships or shortages in product supply; (10) continued consolidation in the wireless handset carrier market; (11) loss of business from one or more significant customers; (12) customer and geographical accounts receivable concentration risk and other related risks; (13) rapid product improvement and technological change resulting in inventory obsolescence; (14) uncertain political and economic conditions internationally, including terrorist or military actions; (15) the loss of a key executive officer or other key employees and the integration of new employees; (16) changes in consumer demand for multimedia wireless handset products and features; (17) our failure to adequately adapt to industry changes and to manage potential growth and/or contractions; (18) seasonal buying patterns; (19) the resolution of any litigation for or against the Company; (20) the recent loss of the Company's bank line of credit and the ability of the company to have access to adequate capital to fund its operations; and (21) the ability of the Company to generate taxable income in future periods. 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.
SOURCE InfoSonics Corporation