By Staff Writer (media@latinospost.com) | First Posted: Jun 30, 2015 06:49 AM EDT

There are rumors that the Samsung Galaxy S5 Neo will be launching very soon.

Winfuture revealed that the Galaxy S5 Neo (SM-G903F) is currently being offered for pre-orders by a number of retail stores in the Czech Republic.

Phone Arena reported that the device is a midrange smartphone that will feature a Samsung octa-core Exynos 7580 SoC, and will include eight Cortex A-53 cores and have a maximum clock speed of 1.6GHz. The device will also house a Mali-T720 GPU, 2GB of RAM and 16GB of expandable memory. The S5 Neo is said to have a 5.1-inch Super AMOLED screen with a resolution of 1080 x 1920. It will reportedly have a 16-megapixel rear camera and a 2800mAh battery. The product will most likely run on the Android 5.1 Lollipop out of the box. The phone is available for pre-orders in the Czech Republic at around $490. One retail store in the area listed its delivery date on July 3, 2015.

Sam Mobile stated that the hardware of the Galaxy S5 Neo makes it less powerful compared to the Snapdragon 801 and Samsung Exynos 5422 which were presented in 2014 in the original Samsung Galaxy S5. The display still features Full HD resolution and the phone design is still the same as the Galaxy S5. The perforated rear design is said to appear again. The front camera will be upgraded to 5 megapixels.

GSM Arena reported that the S5 Neo’s display will feature the TouchWiz user interface. The internal memory is expandable via microSD card. The main camera will also feature an LED flash and autofocus. Other nifty camera features include touch focus, geo-tagging, panorama and face and smile detection. The model is designed with a loudspeaker and 3.5mm jack. The phone also has Wi-Fi connectivity, Bluetooth, A-GPS, GLONASS, NFC and microUSB v2.0. Other features include an accelerometer, proximity sensor, compass and gyro. The device has SMS, MMS, email, push mail, IM and an HTML5 browser. There is also ANT+ Support, Dropbox with 50GB of cloud storage, active noise cancellation with dedicated mic, photo and video editor, document viewer, MP4, DivX, XviD, WMV,H.264 player and MP3, WAV, WMA, eAAC+, FLAC player. The product will available in either black or white.

Users should note that these are all speculations in the meantime. Samsung has yet to make an official announcement regarding the specifications and launch date. More details about the Samsung Galaxy S5 Neo are expected in the following days.