The EZ Reader Pocket Pro is a budget e-reader, priced at 230$. It offers a 5" display, supports over 20 open file formats, has text-to-speech feature.

Astak EZ Reader Pocket Pro photo

The EZ Reader has 512Mb memory, an SD expansion slot, MP3 player, 400Mhz processor and weights 170 grams. It is now shipping, for 230$.

E Ink display info: 
5", 8-level grayscale E ink screen
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