InfoSonics Extends Its Exclusive Distribution Agreement With VK Mobile; Expands Territory to Include All of North America
06 Febbraio 2006 - 2:30PM
Business Wire
InfoSonics Corporation (AMEX:IFO), one of the largest distributors
of wireless handsets in the United States and Latin America, today
announced that it has extended its exclusive distribution agreement
with VK Mobile through April 2007. The original agreement, which
covers the United States, Latin America and the Caribbean, has been
expanded to include Canada to InfoSonics' geographic territory.
Pursuant to the agreement, InfoSonics will continue to distribute
the current and new VK Mobile cellular phones and accessories in
the territory. "The extension of this exclusive arrangement with VK
Mobile should enable us to build upon the initial success we have
had in working very closely with VK's management and executive
team," stated Joseph Ram, President and Chief Executive Officer of
InfoSonics. "The initial VK products have been well received by the
consumer both in the United States and Latin America. Our plan for
2006 is to build upon our experience and expertise and to
accelerate the introduction of new VK products including the newly
acclaimed VK 200, in addition to several other products. The new
product line features innovative designs, upgraded technology and
attractive pricing. The plan is to place these new and exciting
products with our current and potential new customer base
throughout North America and Latin America. About InfoSonics
Corporation InfoSonics is one of the largest distributors of
wireless handsets and accessories in the United States and Latin
America. InfoSonics provides end-to-end handset and wireless
terminal solutions for network operators in both the United States
and Latin America. These solutions include product approval and
certification, light assembly, logistics services, marketing
campaigns, warranty services and end user support. For more
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 our products
from our suppliers, our ability to maintain commercially feasible
margins given significant competition and other factors. In
addition, references to past operating results should not be
considered to be indicative of future performance. 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 our Form 10-K for the year ended December 31, 2004, and
our Forms 10-Q for the quarter ended September 30, 2005, and prior
periods.
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