A company called ECTACO has unveiled what it claims to be the most affordable eBook reader available called the jetBook Lite. The device sells for $149 and supports most eBook formats. The device has been backed by Barnes & Noble for formats as well.

The jetBook Lite will now support DRM, ePub, Mobi, PRC, RTF, .txt, .pdf, .fb2, .jpg, .gif, .png, and .bmp. the device also supports multiple languages including English, Spanish, Russian, Polish, Chinese, and other languages.

The device has a TFT screen, universal power source, and built-in dictionaries. The manufacturer expects the device to land in retail stores later this month with availability in Europe in spring 2010. The device runs on normal AA batteries.