There’s a breakout from Verizon Wireless scheduled for this month. It’s a new smartphone for the mobile market.

The handset’s called Pantech Breakout and will be Verizon’s first 4G LTE smartphone to cost below $100. The device would be rolling out with features that you are likely to find on more expensive devices.

The smartphone brought to the market by Personal Communications Devices, LLC (PCD), will be sporting a 4-inch display with an 800 x 480-pixel resolution. There’s a virtual QWERTY keyboard featuring SWYPE technology.

Under the hood lies a 1GHz processor coupled with Android 2.3 Gingerbread. You get 8GB of storage and a 5-megapixel shooter capable of recording 720p HD video. There’s also a front-facing camera for video chats.

The Pantech Breakout is capable of sharing its 4G LTE connection with 10 other WiFi enabled devices. Users will be given access to Pantech widgets and they will be able to share media files between Digital Living Network Alliance (DLNA)-enabled devices by using the Net Media app on their Pantech Breakout.

Then there are the usuals like Wi-Fi connectivity 802.11 b/g/n and Bluetooth 3.0. The Pantech Breakout will be on shelves on September 22^nd.

You can buy the smartphone for $99.99 after a $50 mail-in rebate and with a new two-year contract.