Cenuco (AMEX:ICU)
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Cenuco Signs Distribution Agreement With InfoSonics
BOCA RATON, Fla., July 13 /PRNewswire-FirstCall/ -- Cenuco, Inc., (AMEX:ICU)
announced today that it has signed a distribution agreement with InfoSonics
Corporation, (AMEX:IFO) of San Diego, CA. The agreement provides for
InfoSonics to distribute Cenuco's complete line of wireless remote video
monitoring and data systems products in the United States and Latin America.
Steven Bettinger, president of Cenuco, said, "InfoSonics offers a strong
knowledge and creative solutions on cellular products and cost effective
measures for inventory management. Their proprietary information system is
state of the art, which offers customers extensive reporting on inventory
management, billing, and shipment documentation. Because InfoSonics' supports
carrier networks including Verizon, Cingular, T-Mobile, and Sprint as well as
regional U.S. and Latin American carriers, it offers Cenuco a huge universe of
potential customers."
Wireless data services are expected to grow 50% this year to $4.2 billion and
are anticipated to reach $5.5 billion by 2009. Projections suggest that
wireless mobile video services, such as those provided by Cenuco, will account
for almost 15% of that wireless data revenue. By comparison, voice services
may reach $97 billion this year, but that represents a growth rate of only 1%
over last year. In addition, cellular carriers need a new revenue source as
their minute pricing wars continue.
Joseph Ram, Chief Executive Officer of InfoSonics, said, "Cenuco's wireless
video monitoring solutions allows users to view real-time streaming video of
security cameras at their home or place of business from anywhere they receive
a cellular connection, regardless of the carrier or user's location. Their
systems are also delivered with a password protected PC desktop client, which
allows for single click access to any remote camera, management of user
accounts, and review previously recorded archived video. This total package of
services and technology is currently unique in the marketplace, and both sides
will benefit from this agreement."
"By offering this new service to our carrier clients, InfoSonics is increasing
their package of services and providing them with a new revenue stream. This
will help our clients to attract and retain customers. It also keeps us at the
forefront of new product offerings which we anticipate to be a key component of
our success in the coming years," Ram added.
About Cenuco
Founded in 1993, Cenuco, Inc. is a pioneer in wireless remote video monitoring
and data systems for the security, government and retail markets. The Company
specializes in the development and integration of next-generation wireless
video and data technologies for specific industry, government and individual
consumer needs. Cenuco's technologies are patent pending and are also available
through Federal GSA contract number GS-04F-0025N. Please visit
http://www.cenuco.com/ for additional information.
About InfoSonics
InfoSonics is one of the largest distributors of wireless handsets and
accessories in the United States and Mexico, and also distributes products in
other portions of North, Central and South 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 manufactures in moving their products to agents, resellers, distributors,
independent dealers and retailers and wireless network operators in the U.S.
and Latin America. For additional information, please visit
http://www.infosonics.com/.
Certain statements contained herein may constitute forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933, 21E of the
Exchange Act of 1934 and/or the Private Securities Litigation Reform Act of
1995. Such statements include, without limitation, statements regarding
business plans, future regulatory environment and approval, and the Company's
ability to comply with the rules and policies of independent regulatory
agencies. Although the Company believes the statements contained herein to be
accurate as of the date they were made, it can give no assurance that such
expectations will prove to be correct. The Company undertakes no obligation to
update these forward-looking statements
DATASOURCE: Cenuco, Inc.
CONTACT: Steve M. Bettinger, President of Cenuco, Inc., +1-561-997-2602;
Cheryl Schneider, VP ? Investor Relations, Margarerit Drgos, VP ? Media
Relations, or Jeff Myhre, VP ? Editorial, all of Porter, Le Vay & Rose, Inc.,
+1-212-564-4700
Web site: http://www.cenuco.com/
http://www.infosonics.com/