SAN DIEGO-InfoSonics Corp., which distributes and provisions handsets for companies in the United States and Latin America, said it has extended its distribution agreement with Samsung Telecommunications America through Aug. 2008.
Under the contract extension, InfoSonics will continue to provide distribution solutions to carriers, retailers and agents in the United States for a variety of Samsung devices and accessories. Financial terms of the extension were not released.
InfoSonics announced last month that it’s Miami facility had been certified as a level-three service center for Samsung products sold in Latin America.
InfoSonics also announced it has obtained a new $20 million credit facility with Wells Fargo HSBC Trade Bank N.A. The credit facility replaces the prior $15 million bank line that was through a different lending institution.
