EXHIBIT 99.1
INFOSONICS
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5880 Pacific Center Blvd, San Diego, CA 92121 858-373-1600 www.infosonics.com
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INFOSONICS CORPORATION
Jeffrey A. Klausner, Chief Financial Officer
858-373-1600
INFOSONICS CORPORATION SIGNED EXCLUSIVE DISTRIBUTION
AGREEMENT WITH VK MOBILE FOR THE AMERICAS
SAN DIEGO, CA, November 22, 2004- InfoSonics Corporation (AMEX: IFO), one of the
largest distributors of wireless handsets in the United States and Latin
America, today announced that it has been appointed as the sole representative
of VK Mobile handsets in North, Central and South America. InfoSonics will carry
VK Corporation's full line of handsets and accessories, including both GSM and
CDMA offerings.
VK Corporation (KOSDAQ: 048760.KQ) is one of the four largest Korean handset
manufacturers. VK currently sells products in Asia and Europe for carriers such
as Vodaphone (U.K.), SK Telecom (Korea) and China Mobile (China). VK has
manufacturing facilities in both Korea and China producing GSM and CDMA
handsets. VK will offer a limited product line for the region during Q4 2004,
with a more extensive product offering in 2005. Products can be viewed at
www.infosonics.com
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"InfoSonics is proud to have the opportunity to represent VK in the Americas. We
believe that VK has the technological and product expertise while InfoSonics
provides sales, marketing and relationships in the region," stated Joseph Ram,
President and CEO of InfoSonics. "Our strategy has always been to expand our
product line and deliver innovative, high-value products to our retail and
carrier customers, and the VK products will be an important addition to our
line-up in the future."
"We look forward to InfoSonics being a critical component to our success in the
Americas for many years to come," said Danny Lee, President of VK Corporation.
"Partnering with such a reputable organization is beneficial not only because of
its expertise in these markets, but also because of its established
relationships with numerous carriers and retailers made sense. Both InfoSonics
and VK will benefit from the increased regional capabilities that this
partnership brings."
About InfoSonics Corporation
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InfoSonics is one of the largest distributors of wireless handsets and
accessories in the United States and Latin America. For the wireless
telecommunications industry, InfoSonics provides flexible and cost effective
solutions, including purchasing, marketing, selling, warehousing, order
assembly, programming, packing, shipping, and delivery. InfoSonics supports the
manufacturers in moving their products to agents, resellers, distributors,
independent dealers, retailers and wireless network operators in the U.S. and
Latin America. For additional information, please visit
http://www.infosonics.com.
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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. 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
the final prospectus filed June 18, 2004, in connection with the Company's
initial public offering.
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