SAN DIEGO, July 26 /PRNewswire-FirstCall/ -- InfoSonics
Corporation (Nasdaq: IFON), one of the premier providers and
developer of wireless handset solutions serving Latin America and other markets, today
announced the appointment of Vernon A. LoForti as the
company's chief financial officer. LoForti will oversee all
finance, administrative, information technology, investor relations
and legal aspects of InfoSonics.
LoForti, age 57, previously served in a number of executive
positions at Overland Storage, Inc., a global supplier of data
protection appliances. He joined Overland in 1995 and served
first as the company's Vice President, Chief Financial Officer and
Secretary, and led its initial public offering in 1997. From
August 2007 to January 2009, LoForti served as President, Chief
Executive Officer and a member of Overland's Board of Directors.
From February 2009 to
September 2009, he served as
President. From August 1992 to
December 1995, LoForti was the Chief
Financial Officer for Priority Pharmacy, a privately held pharmacy
company. From 1981 to 1992, he was Vice President of Finance
for Intermark, Inc., a publicly held conglomerate. LoForti
began his career in public accounting with Price Waterhouse and
holds a Bachelor of Science in Accounting from Brigham Young University.
"I am excited to join InfoSonics, a company with a long heritage
of success and with great potential for the future," said LoForti.
"I look forward to working with the company's talented and
dedicated team to leverage our new proprietary platform of mobile
phones and expand our presence in Latin
America."
"I am confident, based on his personality and depth of
experience, that Vern is well suited to help InfoSonics leverage
its core assets, attain its corporate goals and bring our company
to the next level," said Joseph Ram,
InfoSonics president and chief executive officer. "Vern is an
experienced public company financial executive and has had
strategic and operational experience in a multi-national hightech
company. I look forward to working with Vern as a business
partner in our quest to further develop our business model and to
his contribution to the company's future strategic direction."
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 costeffective 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.
SOURCE InfoSonics Corporation