ThinkFlood has introduced the latest addition to the RedEye family of products, the RedEye mini, a device that turns your iPhone or iPod touch into a full-featured universal remote. It delivers code database and a built-in channel guide, for less than $50, which includes an iPhone app.

“RedEye mini offers the power of RedEye, but in a convenient travel size,” the company says. “Use RedEye mini with your iPhone or iPod touch at home, work, with friends and family, or while on business or pleasure travel to control your TV, stereo, cable box, DVD player, and many other devices that receive standard (infrared) signals. The best part? You can pick up a mini this spring for less than $50,” ThinkFlood reveals. On its website, it proceeds with listing the key features of RedEye mini, which include the following.

Powerful - Harness activity-based control and a channel guide on your iPhone or iPod touch to interact with your gear from up to 30 feet away.

Portable - Complete with its own carrying case, RedEye mini is made for home or travel. No batteries required – RedEye mini plugs into your device’s headphone jack, leaving the charging connector open.

Affordable - Get advanced features at a fraction of the price of other advanced remotes. Bundled with an IR code database and interactive channel guide at no additional cost.

With the introduction of its new RedEye mini remote control solution, ThinkFlood saw an opportunity to spread the word by throwing in the chance to win an Apple iPad. “Now through the end of March, refer a friend to RedEye and you could win a new Apple iPad. Odds of winning are 1:100,” the company says. More contest details, including official rules, are available here. To learn more about RedEye mini, visit ThinkFlood here.