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Walletex Launches Into the U.S. Market With Wallet Flash(TM)

13 December 2005

Walletex today announced the launch of Wallet Flash 1.1, the world's first credit card-sized wallet flash drive (WFD), in the United States. The company also announced the deliveries of Wallet Flash units to its first customers.
(Photo: http://www.newscom.com/cgi-bin/prnh/20051212/DCMFNS1 )
As a leading developer and supplier of innovative, wallet-friendly consumer electronics, Walletex has drawn on its expertise in manufacturing and marketing super slim devices to enable consumers to embrace technology without sacrificing convenience.
Wallet Flash 1.1 was recognized as a CES Innovations 2006 Design and Engineering Showcase Honoree in the Personal Electronics Category and will be on display at the International CES show to be held in Las Vegas Jan. 5-8, 2006, at booth 70050-O.
"The USB flash drive has become an ideal personal storage solution and Wallet Flash provides a stylish and convenient method to stay connected," said Alon Atsmon, CEO of Walletex. "The vision of Walletex is to drive the ascent of wallet-friendly devices that are practical, robust and reliable."
The market for USB flash drives has seen the fastest adoption rates among consumer electronics creating vast potential for new designs. Wallet Flash provides the user with several major advantages over other flash drives, including:
* Fits easily into wallet so it will not get lost, forgotten or misplaced;
* Double-sided connector fits quickly and easily into hard-to-reach USB
ports;
* Waterproof and heat tolerant; and
* Unique design for private labeling, branding and other promotional
opportunities.
The Wallet Flash design offers a unique form factor providing companies the ability to use its credit card shape to design high-end promotional gifts. NextNine, a leading global technology provider of automated remote service and support solutions for business-critical systems, recently purchased Wallet Flash for its upcoming customer conference. "Wallet Flash is the perfect business gift because it combines the functionality of a disk on key with the advantage of substantial advertising space," said Diana Moses, senior product marketing manager at NextNine.
Wallet Flash is currently available with USB 2.0 and USB 1.1 compatible connectivity and in storage capacities ranging from 128MB to 1GB. The suggested retail price ranges from $29 to $156. Walletex is actively expanding its sales channels both online and in traditional retail outlets in the United States later next year. Currently, consumers can purchase the Wallet Flash product by going to http://www.walletex.com. Businesses interested in purchasing the Wallet Flash product for promotional gift purposes can contact 212-461-4861.
For more information please visit http://www.walletex.com.
About Walletex
Walletex is a leading developer and supplier of innovative, wallet- friendly consumer electronics. Research and development is based in Israel, production headquarters in China. The company is headed by a team of seasoned executives, with proven track records in manufacturing and marketing super- slim consumer electronics.

Source: prnewswire