Cingular Wireless has officially announced that the LG CU500 cellular phone is going to be available for consumers for the price of $99.99 with 2 years contract agreement and $50 dollars mail-in-rebate. The LG CU500 cellular phone supports HSDPA (High Speed Downlink Packet Access) which means you can download and play on-demand videos, shows, news, movie trailers through Cingular’s Network.

The features and specifications of the LG CU500 cellular phone are not that impressive. This LG cellular phone comes equipped with 262K colors, 1.3-MP camera, microSD expansion slot and Bluetooth.

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