Citigroup Inc. Spx Lasers (AMEX:IFO)
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InfoSonics Corporation (AMEX:IFO), one of the fastest
growing distributors of wireless handsets in the United States and
Latin America, today announced the appointment of Timmy Monico as Vice
President of North America. Mr. Monico will lead the Company's efforts
in further building strong customer and vendor relationships in North
America.
Mr. Monico brings more than 25 years of experience in cellular
sales in the United States. Before joining InfoSonics he spent more
than 25 years with CellStar Corporation. His most recent position was
Vice President of North America Sales, in which he was instrumental in
building and maintaining business in the regional carrier channel in
the United States.
In announcing the appointment, Joseph Ram, President and Chief
Executive Officer of InfoSonics, stated, "We are extremely pleased to
have Timmy join the InfoSonics team of seasoned industry
professionals. We value his knowledge and long-term relationships with
carriers and vendors. His personality and energy are a perfect fit
with our culture. We believe that Timmy's expertise combined with
InfoSonics' vision and resources should allow him to help us reach the
next phase of growth and success."
"I am very excited to be joining a management team with a proven
record of success," stated Mr. Monico. "I believe in InfoSonics'
growth strategy and trust that my experience and relationships in the
U.S. will provide support to the Company."
About InfoSonics Corporation
InfoSonics is one of the fastest growing distributors of wireless
handsets and accessories in the United States and Latin America.
InfoSonics provides end-to-end handset and wireless terminal solutions
for network operators in both the United States and Latin America.
These solutions include product approval and certification, light
assembly, logistics services, marketing campaigns, warranty services
and end user support. For more information please visit
http://www.infosonics.com.
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, maintain commercially feasible margins,
implement our geographical sales expansion, obtain and maintain
adequate capital, expand and maintain supplier and carrier
relationships, and other factors. In addition, references to past
operating results should not be considered to be indicative of future
performance. 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 our Form 10-K for the year ended
December 31, 2005.