Last week we shared with you about a new budget-friendly tablet, called the "My Tablet 7," that was hitting the ground running to compete directly with the Amazon Kindle Fire, by debuting at a $150 price point. We now know the name of the company that is developing it because they released an official press release for the launch of the new device. The company is called Xtex and their new "My Tablet 7" Ice Cream Sandwich tablet packs in some significant value for the price. Click on the previous story link or read the press release below for a recap on the specs of this "super-bang-for-your-buck" tablet. Thinking about picking one up? Let us know in the My Tablet Forum!