InfoSonics Strikes Distribution Agreement with Ingram Micro Mobility
SAN DIEGO, Dec. 18, 2013
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 JosephRam,
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
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
Contact: Cynthia Guiang, CG Communications, firstname.lastname@example.org,
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