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