In addition, the new gold-colored "T1" smartphone is currently available for pre-order on the Trump Mobile website for $499, and is set to be released in September. In its press release on Monday, the Trump Organization said that it would be releasing the T1 Phone in August.

Lately, there have been murmurs about the Trump Organization wanting to enter the mobile phone market. Recently spotted trademarks suggested the organization was looking to launch both a phone and a mobile service. Those murmurs have now turned into a full-blown announcement as the group unveiled its new mobile venture.

On Monday, the Trump Organization — currently run by the president’s children while he serves in office — announced the launch of Trump Mobile.