It is over a month since LG shut down its smartphone business as it was struggling to make a profit. It was reported to be working on at least two smartphones when the decision was taken. These were LG Rollable and LG Velvet 2 Pro aka LG Rainbow and now, a new leak claims that these phones are available for purchase but exclusively to LG employees in South Korea.

Tron (@FrontTron) has tweeted details about LG Velvet 2 Pro which is also referred to as LG Universal (2nd Gen), LG Rainbow, and LM-V700N. The phone is said to have pressure-sensitive touch-sensor buttons for volume and power purposes. It has a notched display and LG is bundling the officially jelly case. There are only 3,000 units available for purchase and each buyer can purchase up to two units.

The available color options include Glossy Black, Glossy Beige, and dual-tone Bronze. The last variant has a glossy finish on the camera module and a matte finish on the rest of the back panel. LG is selling the LG Velvet 2 Pro for a price equivalent of just $170 which makes it dirt cheap. However, it has imposed a few terms and conditions for anyone looking to purchase the phone.

The first one is that reselling the LG Velvet 2 Pro is strictly prohibited. LG has further made it clear there will not be any software updates and after service will be available for around 6 months or until the spare parts last. The tweet also reveals that a number of LG employees are interested in buying the smartphone. It makes sense as it is one of the last smartphones to have been manufactured by LG.