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PHILADELPHIA, June 15 /PRNewswire/ -- On behalf of investors in InfoSonics Corporation ("InfoSonics") (AMEX:IFO), Berger & Montague, P.C. filed suit on Tuesday. The suit is pending in the U.S. District Court for the Southern District of California. The suit seeks recovery on behalf of investors who purchased the publicly traded securities of InfoSonics during the period May 9, 2006 - June 9, 2006 (the "Class Period"). According to the Complaint, InfoSonics and its top officers defrauded persons investing in InfoSonics securities, violating the federal securities laws. On May 8, 2006, defendants reported inflated results for the quarter ended March 2006, by improperly accounting for warrants issued in connection with a January 2006 private placement. By means of this improper accounting, defendants falsely reported net income of $1.738 million for the March 2006 quarter. On Monday of this week, InfoSonics belatedly admitted that the March 2006 reported results were false. InfoSonics disclosed that it would need to restate the March 2006 quarter results. As restated, net income for the quarter would be $1.173 million, a decrease of 32.5%. In response to this disclosure, InfoSonics stock plunged on very high volume. The Complaint further alleges that defendants engaged in massive insider trading between May 11 and June 7, 2006. Indeed, some of this insider trading continued even after InfoSonics determined on June 5, 2006 that it would need to restate the March 2006 quarter results. If you purchased InfoSonics securities during the Class Period of May 9, 2006 - June 9, 2006, you may, no later than August 14, 2006, move to be appointed as a Lead Plaintiff. A Lead Plaintiff is a representative party who acts on behalf of other class members in directing the litigation. The Private Securities Litigation Reform Act of 1995 directs Courts to assume that the class member(s) with the "largest financial interest" in the outcome of the case will best serve the class in this capacity. Courts have discretion in determining which class member(s) have the "largest financial interest," and have appointed Lead Plaintiffs with substantial losses in both absolute terms and as a percentage of their net worth. If you have sustained substantial losses in InfoSonics securities during the Class Period, please contact Berger & Montague, P.C. at for a more thorough explanation of the Lead Plaintiff selection process and the litigation. The law firm of Berger & Montague, P.C. consists of over 60 attorneys, all of whom represent plaintiffs in complex litigation. The Berger firm has extensive experience representing institutions and other investor plaintiffs in class action securities litigation, playing lead roles in major cases over the past 30 years that have resulted in recoveries of billions of dollars to investors. The firm has represented investors as lead counsel in such leading securities actions as Rite Aid, Sotheby's, Waste Management, Sunbeam, Boston Chicken and IKON Office Solutions. The standing of Berger & Montague, P.C. in successfully conducting major securities and antitrust litigation has been recognized by numerous courts. For example: "In short, it would be hard to equal the skill class counsel demonstrated here." In Re: Rite Aid Corporation Securities Litigation, MDL Docket No. 1360, Master File No. 99-1349 (E. D. Pa.) ($334 million settlement). "Class counsel did a remarkable job in representing the class interests." In Re: IKON Office Solutions Securities Litigation, Civil Action No. 98-4286 (E. D. Pa.) (partial settlement for $111 million). ". . . [Y]ou have acted the way lawyers at their best ought to act. And I have had a lot of cases . . . In 15 years now as a judge and I cannot recall a significant case where I felt people were better represented than they are here . . . I would say this has been the best representation that I have seen." In Re: Waste Management, Inc. Securities Litigation, Civil Action No. 97-C7709 (N.D. Ill.) (settled for $220 million). If you purchased InfoSonics securities during the Class Period, or have any questions concerning this notice or your rights with respect to this matter, please contact: Todd S. Collins, Esquire Kimberly A. Walker, Investor Relations Manager Berger & Montague, P.C. 1622 Locust Street Philadelphia, PA 19103 Phone: 888-891-2289 or 215-875-3000 DATASOURCE: Berger & Montague, P.C. CONTACT: Todd S. Collins, Esquire or Kimberly A. Walker, Investor Relations Manager, both of Berger & Montague, P.C., +1-888-891-2289 or +1-215-875-3000 Web site: http://www.bergermontague.com/

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