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InfoSonics Completes Merger With Cooltech, Analysts Review and Target

NEW YORK, NY / ACCESSWIRE / April 16, 2018 / Traders News Source, a leading independent equity research and corporate access firm focused on small and mid-cap public companies is issuing a comprehensive report with no obligation on InfoSonics Corporation (NASDAQ: IFON), a provider of wireless handsets, tablets, and related products to carriers, distributors, and retailers primarily in Latin America. The company is one of a limited number of partners under the Apple Premium Reseller and Apple Authorized Reseller Mono-Brand programs in Latin America and the United States.

On March 12th, the company announced the successful completion of the merger with Cooltech Holding Corp. effective March 12, 2018. Cooltech is now a wholly-owned subsidiary of InfoSonics and the Company's common stock will continue to trade on the NASDAQ Capital Market under the stock ticker symbol IFON.

Get all the merger details and an analyst review with target price here READ MORE.

Copy and paste to your browser may be required to view the report – http://bit.ly/2GZvgO5-IFON-Analyst.

The company recently announced the opening of its newest OneClick store located in the El Solar Shopping district in Buenos Aires, Argentina. This represents OneClick's sixth store in the country, and the Company plans to open seven more new stores in the coming year in different cities across Argentina.

As per management, Following the merger with Cooltech, InfoSonics is now focused on, among other things, becoming the largest authorized reseller of Apple products and services in the Americas. Also, it plans to extend the reach of its distribution business by leveraging its relationships with suppliers of other recognizable brands of accessories and audio, consumer electronics and computing devices.

Read about the IFON expansion plans and review the latest quarter's financials READ MORE.

Copy and paste to your browser may be required to view the report – http://bit.ly/2GZvgO5-IFON-Analyst.


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SOURCE: Traders News Source