A gadget on the rise is an eBook reader with many appealing brands in various models out in the market. However, pricing constraints make this gadget unaffordable for consumers with most brands having a price tag of $250.

Now you might want to consider buying a new eBook reader costing $149.95. ECTACO has announced the release of jetBook-Lite dubbed as the cheapest eReader on the market. It may not be as sophisticated as its $250 counterparts but you can definitely live without 3G wireless connectivity and colored screens, don’t you?

For a $149.95 price tag, this device practically supports all formats including eReader DRM, ePub, Mobi, PRC, RTF, .txt, .pdf, .fb2, .jpg, .gif, .png, and .bmp. It is also capable of supporting books from Barnes & Noble. This eReader with a 5-inch screen has a built-in dictionary with several language settings. This gadget with an approximate 23-hours of run time is very promising indeed.