InfoSonics Corporation (NASDAQ:IFON), one of the premier providers and
distributors of wireless handsets and accessories serving Latin America,
will announce its second quarter 2008 financial results after the close
of regular market trading on Thursday, August 14, 2008. The Company will
also hold a conference call to discuss the results at 1:30 p.m. PT (4:30
p.m. ET).
What: InfoSonics 2008 Second Quarter Financial Results Conference
Call
When: Thursday, August 14th at 1:30 p.m. PT (4:30 p.m. ET)
Webcast: A live and archived web cast of the conference call can
be accessed from the homepage of the InfoSonics' website at http://www.infosonics.com
or at http://phx.corporate-ir.net/playerlink.zhtml?c=176160&s=wm&e=1913782.
Dial In: To access the live conference call, dial (888) 713-4215
and enter the passcode 17779793. International callers can dial (617)
213-4867 to access the call.
Replay: An audio replay of the conference call can be accessed by
dialing (888) 286-8010 from the U.S. or (617) 801-6888 internationally
and entering the passcode 48283456. The replay will be available
starting two hours after the call and remain in effect for one week
through Thursday, August 21st at 11:59 p.m. PT.
About InfoSonics Corporation
InfoSonics is one of the premier providers and distributors of wireless
handsets and accessories serving Latin America. For the wireless
telecommunications industry, InfoSonics provides flexible and cost
effective solutions, including product assembly, purchasing, marketing,
selling, warehousing, order assembly, programming, packing, shipping,
and delivery. InfoSonics supports manufacturers in moving their products
to agents, resellers, distributors, independent dealers, retailers and
wireless network operators in Latin America. For additional information,
please visit www.infosonics.com.
Cautionary Statement for the Purpose of the Safe Harbor Provisions
of the Private Securities Litigation Reform Act of 1995
The matters in this press release that are forward-looking
statements, including without limitation to statements about future
revenues, sales levels, operating income and margins, wireless handset
sales, stock-based compensation expense, gain (loss) in value of
derivatives, cost synergies, operating efficiencies, profitability,
market share and rates of return, are based on current management
expectations that involve certain risks which, if realized, in whole or
in part, could cause such expectations to fail to be achieved and have a
material adverse effect on InfoSonics’
business, financial condition and results of operations, including,
without limitation: (1) intense competition, regionally and
internationally, including competition from alternative business models,
such as manufacturer-to-carrier sales, which may lead to reduced prices,
lower sales or reduced sales growth, lower gross margins, extended
payment terms with customers, increased capital investment and interest
costs, bad debt risks and product supply shortages; (2) inability to
secure adequate supply of competitive products on a timely basis and on
commercially reasonable terms; (3) foreign exchange rate fluctuations,
devaluation of a foreign currency, adverse governmental controls or
actions, political or economic instability, or disruption of a foreign
market, and other related risks of our international operations; (4) 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; (5) 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; (6) significant changes in supplier terms and
relationships; (7) termination of a supply or services agreement with a
major supplier or product supply shortages; (8) continued consolidation
in the wireless handset carrier market; (9) extended general economic
downturn; (10) loss of business from one or more significant customers;
(11) customer and geographical accounts receivable concentration risk;
(12) rapid product improvement and technological change resulting in
inventory obsolescence; (13) future terrorist or military actions; (14)
the loss of a key executive officer or other key employees; (15) changes
in consumer demand for multimedia wireless handset products and
features; (16) our failure to adequately adapt to industry changes and
to manage potential growth and/or contractions; (17) future periodic
assessments required by current or new accounting standards such as
those relating to long-lived assets, goodwill and other intangible
assets and expensing of stock options and valuing gain or loss on fair
value of derivatives may result in additional non-cash income or
expenses; (18) seasonal buying patterns; (19) dependency on Latin
American sales; (20) uncertain political and economic conditions
internationally; (21) the impact, if any, of changes in EITF 00-19 or
SFAS 133 guidance as it relates to warrants and registration rights and
SFAS 123R as it relates to stock options; (22) the resolution of any
litigation against the company; (23) the ability of the Company to
successfully introduce and sell its verykool®
products and the related inventory risk of such products and (24) the
ability of the Company to generate taxable income in future periods in
order to utilize and realize any quarterly tax benefits recorded. Our
actual results could differ materially from those anticipated in our
forward looking statements.
InfoSonics has instituted in the past and continues to institute
changes to its strategies, operations and processes to address these
risk factors and to mitigate their impact on InfoSonics’
results of operations and financial condition. However, no assurances
can be given that InfoSonics will be successful in these efforts. For a
further discussion of significant factors to consider in connection with
forward-looking statements concerning InfoSonics, reference is made to
Item 1A Risk Factors of InfoSonics’ Annual
Report on Form 10-K for the year ended December 31, 2007, and Quarterly
Reports on Form 10-Q for the period ended March 31, 2008; other risks or
uncertainties may be detailed from time to time in InfoSonics’
future SEC filings. InfoSonics does not intend to update any
forward-looking statements.
InfoSonics Corporation
Jeffrey A. Klausner, Chief Financial Officer
858-373-1600
ir@infosonics.com
or
MKR
Group, Inc.
Mary Magnani, 415-829-7879
ifon@mkr-group.com
