Following the announcement of the Samsung Galaxy Tab 2 7.0's release date, Verizon is offering the current version of the tablet for $50 dollars with a two-year contract.

The Samsung Galaxy Tab 2 7.0 will be released on April. 22 and any original tablet purchased before that date on Verizon will be available at a discounted price of $50.

The Samsung Galaxy tab is normally priced at  $229.99 on Verizon's network, so buyers will be landing a significant deal on the current $50 sale price.

Samsung announced its new Galaxy Tab 2 at the Mobile World Congress in Barcelona, Spain, which will come in two different sizes. The 7-inch version will cost $250 and goes on sale on April 22. The 10-inch version will cost $400 and goes on sale on May 13.

The Galaxy Tab 2 Series, available in both 10.1 and 7.0 screen sizes, are powerful dual-core tablets running the latest version of Android -Ice Cream Sandwich, said Samsung in a press release. The devices feature an integrated IR blaster for universal remote capabilities, as well as an easily accessible memory card slot for convenient loading of multimedia files in a range of supported file formats.

The new tablet will be a new competitor against Apple's new iPad. While the iPad has been heralded for its revolutionary 2048 x 1536, 3.1 million-pixel Retina Display, many Apple enthusiasts are hoping for an iPad mini that comes with similar dimensions to the 7-inch version of the Galaxy Tab. The iPad doesn't have expandable memory or the infrared diode that will let the Samsung's models control a TV set or cable box.

The 7-inch version is currently available for pre-order and ships on April 22 and customers will be able to reserve the 10.1-inch version on May 4, with the launch date following on May 13.