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Telecom Watch: LoForti Named CFO At InfoSonics

July 27, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — InfoSonics Corp. (NASDAQ: IFON), a developer of wireless handset solutions serving Latin America and other markets, has appointed Vernon A. LoForti as the company's chief financial officer. LoForti previously served in a number of executive positions at Overland Storage, Inc. (NASDAQ: OVRN), a supplier of data protection appliances.

LoForti joined Overland in 1995 and served first as the company's VP, CFO 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. From February 2009 to September 2009, he served as president.

From August 1992 to December 1995, LoForti was the CFO for Priority Pharmacy, a privately held pharmacy company. From 1981 to 1992, he was VP of finance for Intermark, Inc., a conglomerate.

In his new role, LoForti will oversee all finance, administrative, information technology, investor relations and legal aspects of InfoSonics.

California-based InfoSonics provides solutions including product assembly, purchasing, marketing, selling, warehousing, order assembly, programming, packing, shipping and delivery for the wireless telecommunications industry.

InfoSonics supports manufacturers in moving their products to agents, resellers, distributors, independent dealers, retailers and wireless network operators in Latin America.

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