InfoSonics Corporation Requests Delisting from Berlin-Bremen Stock Exchange
10 Março 2006 - 12:27PM
Business Wire
InfoSonics Corporation (AMEX:IFO), one of the fastest growing
distributors of wireless handsets in the United States and Latin
America, today announced that it has sent a formal demand letter to
the Berlin-Bremen Stock Exchange (the "BBSE") requesting that the
BBSE delist the Corporation's common stock. InfoSonics has never
applied for a listing on the BBSE, nor did it authorize the listing
of its shares on the BBSE, and has no intention of doing so.
Furthermore, InfoSonics did not authorize or direct any German
broker to act as a market maker for the Corporation's common stock.
InfoSonics is working with its attorneys to have its common stock
delisted from the BBSE and address any impact the unauthorized
listing had on its stock. InfoSonics will investigate the available
remedies within applicable securities laws. Commenting on the
delisting, Chief Financial Officer, Jeffrey Klausner said, "We have
worked hard to build InfoSonics to our current levels of success
and are working diligently to have the Berlin Exchange remove the
unauthorized listing of our shares." 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 when and in the quantity requested, our ability
to maintain commercially feasible margins given significant
competition, 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, 2004 and our Forms 10-Q for the
quarter ended September 30, 2005 and prior periods.
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