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Author Topic: SOYO at .48 - amazing Wal-Mart & Honeywell deals
OldPro
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SOYO is focused on becoming leader in LCD TV’s and Computer Monitors.

Synopsis
• Company is set for a blowout year in 2007 on both earnings and revenue – must read and understand this info summary to know why.
• Keys components are incredible deals with Wal-Mart and Honeywell, rapidly expanding sales in red-hot sector, increasing margins, and big reductions in expenses.

Share Data:
* 49.0 million shares outstanding
* 18.7 million shares in float
* Officers and Directors own 26.3 mil or 53.5%
* Urmston Capital owns 2.5 mil restricted class B preferred

Financial Data:
April 3, 2007 Company Reported Annual Results:

**2006 Net Sales: $56,758,688
**2006 Net Income: $462,049
**2006 Net Income Per Share: $.01

• Operating income from continuing operations for the year ended December 31, 2006 of $1,519,271 compared to operating income from continuing operations of $514,920 for year ended December 31, 2005, an increase of 295%.
• Net revenues for the year ended December 31, 2006 were $56,758,688, an increase of $18,495,656 or 48% over revenues of $38,263,032 for the year ended December 31, 2005.

......................................2006........................2005
Revenue:....................$56.8 million............$38.3
Operating Income:.... $1.5 million.............$0.514
EPS:...........................$0.01........................$0.00

4th Quarter 2006 Highlights
• Net revenues for the quarter ended December 31, 2006 were $24,417,902, an increase of $7,845,131 or 47.3% over revenues of $16,572,771 for the quarter ended December 31, 2005.
• Gross margin was 12.4% for the quarter ended December 31, 2006, compared to 11.5% for the quarter ended December 31, 2005. Gross margin for the year ended December 31, 2006 was 16.3% compared to 12.4% for the year ended December 31, 2005.

--Financing: Company relies on cash flow from operations for financing and has secured $12 mil asset based credit facility to fund future growth – no need for dilution to assist in funding current or future operations.

Relationship with Mixed Martial Arts (MMA):
- MMA is the fastest growing sport in the world.
- SOYO has significantly increased its advertising targeting the male 18-35 year old demographic. Research shows in-content advertising targeting the MMA and specifically the UFC's loyal fan base to be very effective.
- SOYO sponsors several fighters, including one of the greatest heavyweights in UFC history, Adrei Arlovski.
- Goal is promotion of SOYO brand name and name recognition – trying to become the next Sony.

THE AMAZING HONEYWELL DEAL:
Step 1: THE DEAL BETWEEN SOYO AND HONEYWELL
Honeywell licenses brand name for flat-panel televisions
By Bob Sechler
March 5, 2007
Honeywell International Inc. (HON: NYSE: 47.34) may be best known for its thermostats and aircraft engines, but flat-panel televisions soon will bear the company's name as well.
Honeywell-branded TVs are expected to go on sale this year under a licensing deal between the Morris Township, N.J., conglomerate and SOYO Group Inc., a small electronics manufacturer

The deal marks Honeywell's first foray into the consumer-electronics sector, although Honeywell has an active brand-licensing program for portable home air filters and other products.
SOYO will design and distribute the liquid-crystal-display TVs and pay Honeywell royalties. In addition, the deal eventually may result in Honeywell-branded computer monitors and displays, although executives of the two companies declined to elaborate.

They wouldn't release sales forecasts or other financial details, beyond saying that the six-and-a-half-year agreement will provide a minimum of $3.84 million in royalties for Honeywell.
The sum is inconsequential compared with Honeywell's $31.4 billion in 2006 sales. But company executives are intrigued by the market regardless.
"We're always looking for opportunities to expand the brand," said Loria Yeadon, chief executive of Honeywell Intellectual Properties Inc. "We think consumers will appreciate having Honeywell-branded (electronics) because they know that there's quality" in the name.
Yeadon said she isn't concerned that the move could be a stretch for the Honeywell brand. The company is well known as a technology innovator, she said, and many of its patents are already used in various consumer devices.

STEP 2: LAWSUIT
Honeywell sues myriad of LCD TV makers for anti-flicker technology
March 23, 2007 by Darren Murph
* If you think LG has a mess on its hands, it's suddenly not alone, as six other manufacturers touching one point or another in the LCD TV supply chain are now facing a patent lawsuit from Honeywell. In what smells awfully like another patent instance of patent trolling, Honeywell is suing Acer, AU Optronics, BenQ, Chunghwa Picture Tubes, Renesas Technology, and Denmos Technology as it claims that a patented "method of stopping liquid-crystal displays from flickering" has been unrightfully used. The firm has reportedly "sustained damages and will continue to sustain damages in the future," which they feel should translate into receiving incredible amounts of cash in order to resolve the situation. Reportedly, five of the six outfits under the lawsuit said that they "had not been informed" about the issue just yet, but we doubt it'll be too much longer before it floats to their respective legal departments.
http://www.engadgethd.com/2007/03/23/honeywell-sues-myriad-of-lcd-tv-makers-for- anti-flicker-technol....

LAWSUIT CONTINUED
March 23, 2007
Honeywell sues LCD TV companies over display tech
Honeywell has filed a lawsuit in Texas against several LCD TV producers, according to the Taipei Times. The American company claims that key manufacturers -- including ASUS, BenQ, and assembly firms such as AU Optronics -- have violated a patent it holds in the US relating to anti-flicker compensation. The infringment has caused "irreparable harm" to Honeywell's business, the suit reads.

If successful, the court action could severely damage the TV industry by forcing many sets off the market until the feature is changed or removed. AU Optronics in particular would suffer, says the newspaper, as it produces the screens used by larger companies such as LG and Samsung. None of the affected companies have been fully notified of the suit.
http://www.electronista.com/articles/07/03/23/honeywell.sues.lcd.makers/

FOLLOW-UP WITH SOYO
Excerpt from April 2007 company e-mail to shareholder:
--“I can’t disclose expected revenues. Just know that we did not enter into the deal to spend 3.8 million over 6 years nor is Honeywell looking just to make the $3.8 MM. “
--“We are working closely with Honeywell to deliver an amazing product our consumers will be proud to own. This is all we can say at this point.”

POINTS TO PONDER:
*Honeywell is obviously implementing strategic timing by setting up LCD TV deal with SOYO and then filing lawsuit against LCD manufacturers. Honeywell has years of LCD experience and massive research and development facilities.
*When a company the size of Honeywell picks a fight with the LCD TV industry, and enters the LCD market, it’s big NEWS. Announcement of Honeywell LCD TV’s should make Headlines in topical publications.
*Note that SOYO has not even had a press release on the Honeywell deal – only information available is from the SEC filing and news articles.
*Honeywell spends millions on research and development each year and SOYO is now a direct beneficiary of these efforts. SOYO does not spend on R & D, instead they rely on companies they have relationships with, such as Honeywell, to provide them with the latest developments.
*SOYO is a profitable, fundamentally sound company even without the deal.
*Honeywell has a market cap of $41 billion.
*SOYO has a market cap of around $24 million.

AND MORE – ACQUISITION TARGET?
From April 9, 2007 release by Honeywell:
“Honeywell has said it is targeting about $1 billion in acquisitions this year…”
Is SOYO on the list???

Wal-Mart NEWS::
SOYO's New Prive Brand LCD TVs to be Made Available At Wal-Mart Canada Retail Stores
April 23, 2007
SOYO today announced its new Prive brand of LCD TVs, which will be targeted at value minded consumers, will be made available in all of Wal-Mart's 278 retail stores in Canada. The new Prive brand will include a 26" and 32" LCD flat panel display and retail prices begin at CDN469 for the 26". Ming Chok, CEO of SOYO, said, "Wal-Mart has an aggressive plan to build its Consumer Electronics division and we are very happy to be a part of that. Initially we had products on Walmart.com and Sam's Club Canada. Prive will mark our first time actually being a part of Wal-Mart's in store Modulars."

Wal-Mart has committed to the line with a 12-month forecast. SOYO is now officially a direct vendor to Wal-Mart Canada which will allow SOYO to present its other products to Wal-Mart buyers more directly. Initially, Wal-Mart Canada will be the only location carrying Prive LCD TVs.

OldPro Ratings:
• Revenue = A+ (huge revenue and growth for stock in this range – with over $50 mil in sales and growing rapidly)
• EPS = B (profitable and margins improving – lowering expenses. Sacrificed some level of EPS for the rapid growth early on (viable strategy) – payoff time is here.
• Outlook = A++ (strong growth projected – see Rockability)
• Rockability = A++ (incredible deal with Honeywell to make tier 1 LCD TVs + value LCD TV’s in Wal-Mart = ability to become one of the top LCD TV and computer monitor sellers in the world!)

Notes:
- Sells products in Wal-Mart, Best Buy, Circuit City, Staples, Micro Center, Target.com, Walmart.com, eCost.com, Fry's Electronics, PC Mall, Office Depot, and others – and importantly, through their own direct to consumer eStores.
- 36 employees and hires consultants/others on as needed basis, including outside sales reps. They can do so much with only 36 employees since they are mainly a distributor of products made to specifications in Taiwan and China.
- Primary customers are in North America but also have broad customer base in Latin America and sales in UK, Europe, Asia, and South Africa.
- Focus products are LCD TV’s and LCD computer monitors
- Last 3 years EPS has progressed from (-0.10) in 2004, to (-0.01) in 2005, to a profit of +0.01 in 2006. Strong trend with first profitable year in 2006.
- Revenue increased dramatically from 2005 to 2006, from $ 38.2 mil to $56.8 mil, a 48.3% increase.

Non-Reoccurring Expenses
- Sales, General & Administrative Expenses set to decrease and should result in increase in EPS – had several expenses in 2006 that will not reoccur in 2007.
- Hired outside sales reps in 2006 and since terminated – cost was $232,436.
- G & A: Had consultant expenses of over $600,000 in 2006 to secure the $12 mil UCB financing – terminated services with the consultants.
- Had legal fees and settlement charges in 2006 of $600,000 which should not be repeated in 2007.
- Total non-reoccurring expenses = $1.4 mil

Other Beneficial Factors
- Improved accounting with various measures and purchase of software that should reduce expenses.
- Taxes: Have substantial federal tax loss carryforward - greater than $4.2 mil from previous years (e.g., 2004 - 2005). Did not use any in 2006. Can use in 2007 and following years to offset taxable income and reduce taxes paid, thereby providing for a greater profit in upcoming quarters and full-year 2007 and beyond. It’s one of the benefits of a coming with historic losses now turning profitable. Considering federal tax on their profits could be 34%, it is significant that they can avoid paying federal taxes for a few years.
- 13 employees left the company in 2006 resulting in reduced expenses from paying these salaries as well as forfeiture in stock options.

Issues:
-Shares have been slightly increasing each year due to issuance for various matters – in fact, #1 major expense was the accounting of stock-based compensation to employees in 2005 but not expensed until 2006 - some stock options were forfeited before being vested (which is good).
-Appear to have 2 remaining outstanding legal proceedings, although the major legal cases were settled in 2006 and remaining 2 are said to have “no material adverse effect on the company”.
-Class B preferred owned by Urmston Capital are an issue, but only to the degree the stock price remains below $1.00 on Dec. 31, 2008 when settlement must occur if not already done.
-Company is affected by energy prices due mainly to transportation costs of shipping products from overseas.

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moe77sco
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Is this Company just a distributor??
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OldPro
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no - more than a distributor. has deals with companies in china and taiwan to manufacture products to their specifictions and under their brand names. Has vast distibution network setup and is expanding.

Deal with Honeywell puts SOYO the only company to directly benefit from Honeywell's multi-million dollar annual research.

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moe77sco
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Why is this Co. only at .48 ?????????
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OldPro
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because it's undiscovered and yet to have that breakout quarter. but it's setting up for breakouts - in stock price, earnings and revenue - IMO.
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stocktrader22
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You may be right..

--------------------
Disclaimer: Not accountable for anything I say

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OldPro
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news on Honeywell-SOYO TVs should be any day now. They sealed the deal in February and said they would be introducing the new "amazing" LCD TVs "soon".

Soon is here IMO - but of course "soon" is the most commonly used word by company's to say when something will occur.

Soon.

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OldPro
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maybe later this week
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OldPro
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slow and steady rise - now at .52 and waiting on Honeywell news and 10Q - although the Wal-Mart news was enough to move it, believe it just got everyones attention - Honeywell news will move it up.
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moe77sco
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Question??? Why is Walmart selling SOYO TVs only in Canada and not USA.
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moe77sco
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quote:
Originally posted by OldPro:
news on Honeywell-SOYO TVs should be any day now. They sealed the deal in February and said they would be introducing the new "amazing" LCD TVs "soon".

Soon is here IMO - but of course "soon" is the most commonly used word by company's to say when something will occur.

Soon.

How do you know that Honeywell and SOYO are teaming up and where did you get that info?????
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OldPro
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honeywell SOYO deal - the beauty of it is they have not released a PR/NWS on it yet - so it's kind of secret. But for the very few who follow the stock - it was in an 8K released on Feb. 8th, below:

Item 1.01 Entering Into a Multi-year Licensing Agreement with Significant
Minimum Royalty Payments

(a) SOYO Group Inc. has signed a license agreement with Honeywell
International Properties Inc. and Honeywell International Inc., effective
January 1st 2007, under which SOYO will supply and market certain consumer
electronics products under the Honeywell Brand. Negotiations were concluded
between the parties, and the final agreement was signed by authorized Honeywell
Executives in January 2007. The agreement has been counter-signed by SOYO Group
Inc.'s CEO on February 8th, 2007 and is now in effect.

(b) The agreement is for a minimum period of 6.5 (six point five) years and
calls for the payment of MINIMUM royalties by SOYO to Honeywell totaling
$3,840,000 (Three Million, Eight Hundred and Forty Thousand Dollars U.S.). Sales
levels in excess of minimum agreed targets will result in associated increases
in the royalty payments due.

(c) SOYO Group, Inc. will update shareholders regarding product launch
dates and other relevant information through its web site www.soyo.com or
through future press releases.

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moe77sco
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High volume so far today.
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moe77sco
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SOYO is king... You idiots don't you see that.
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T e x
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nice people skills... [Roll Eyes]

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Nashoba Holba Chepulechi
Adventures in microcapitalism...

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Golf57
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moe- Yes, SOYO will be king soon but, I'm not an idiot.
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OldPro
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next week should bring earnings and fair chance for honeywell NEWS
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Golf57
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SOYO Group Reports First Quarter 2007 Results
Tuesday May 15, 5:00 pm ET
Revenue Increases 27 Percent to $14,691,027


Net Income $460 K vs. loss of $99 K year ago

ONTARIO, Calif., May 15, 2007 (PRIME NEWSWIRE) -- SOYO Group, Inc. (OTC BB:SOYO.OB - News), a provider of LCD TV's, LCD Monitors, Portable Storage, Bluetooth and Home Theater Furniture, announced today first quarter results for the period ended March 31, 2007.

ADVERTISEMENT


The Company reported first quarter revenue of $14,691,027, an increase of 27% compared to $11,548,187 for the same period in fiscal 2006.

2007 first quarter pre-tax net income was $523,512, versus a loss $99,027 in the first quarter of 2006.

The Company earned $0.01 per basic and diluted share. Ming Chok, CEO, said, ``We are pleased to announce double digit sales growth this quarter. We have recently promoted one of our top sales executives to Director of Sales, and the results are starting to show. We've begun shipping the Prive series during the second quarter, and we continue towards our goal to begin shipping products under our recently announced venture with Honeywell. We hope to see the double digit sales increases continue.''

The Company was able to leverage its' $12 million credit line to purchase additional inventory, which was critical to the sales increase. Additionally, the Company opened several new key accounts during the quarter with national retail chains. The company increased its marketing efforts specifically in Mixed Martial Arts and various sports sponsorships.

About SOYO Group

SOYO Group, Inc. is a provider of consumer electronics such as, LCD Monitors, LCD Televisions, Bluetooth, Portable Storage, Home Theater Furniture and broadband telecommunications products and services. Headquartered in Ontario, California, with additional sales offices in South America, SOYO Group sells its products through an extensive network of authorized distributors, resellers, system integrators, VARs, retailers, mail-order catalogs and e-tailers. Products are sold under the SOYO, Go Video, Dragon, Onyx, Dymond, Honeywell, Le Vello, and Prive brand names. For more information, please visit http://www.soyogroup.com.

``Safe Harbor'' Statement

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OldPro
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SOYO NEWS - great 1st quarter:

SOYO Group Reports First Quarter 2007 Results
Tuesday , May 15, 2007 17:00ET

Net Income $460 K vs. loss of $99 K year ago

ONTARIO, Calif., May 15, 2007 (PRIME NEWSWIRE) -- SOYO Group, Inc. (OTCBB:SOYO), a provider of LCD TV's, LCD Monitors, Portable Storage, Bluetooth and Home Theater Furniture, announced today first quarter results for the period ended March 31, 2007.

The Company reported first quarter revenue of $14,691,027, an increase of 27% compared to $11,548,187 for the same period in fiscal 2006.

2007 first quarter pre-tax net income was $523,512, versus a loss $99,027 in the first quarter of 2006.

The Company earned $0.01 per basic and diluted share. Ming Chok, CEO, said, "We are pleased to announce double digit sales growth this quarter. We have recently promoted one of our top sales executives to Director of Sales, and the results are starting to show. We've begun shipping the Prive series during the second quarter, and we continue towards our goal to begin shipping products under our recently announced venture with Honeywell. We hope to see the double digit sales increases continue."

The Company was able to leverage its' $12 million credit line to purchase additional inventory, which was critical to the sales increase. Additionally, the Company opened several new key accounts during the quarter with national retail chains. The company increased its marketing efforts specifically in Mixed Martial Arts and various sports sponsorships.

About SOYO Group

SOYO Group, Inc. is a provider of consumer electronics such as, LCD Monitors, LCD Televisions, Bluetooth, Portable Storage, Home Theater Furniture and broadband telecommunications products and services. Headquartered in Ontario, California, with additional sales offices in South America, SOYO Group sells its products through an extensive network of authorized distributors, resellers, system integrators, VARs, retailers, mail-order catalogs and e-tailers. Products are sold under the SOYO, Go Video, Dragon, Onyx, Dymond, Honeywell, Le Vello, and Prive brand names. For more information, please visit http://www.soyogroup.com.

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OldPro
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golf beat me to it - Honeywell NEWS is next for this profitable fast growing company.
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OldPro
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all set up for the honeywell news
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Golf57
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I agree oldpro.
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ityab0y
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just bought this as an impulse
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Mad Texan
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I am an ex-honeywell employee (10 years) and they will market this to no end. At 50 cents a share, this is a no-brainer to me. Bought a ton between 50 and 55 cents and will hold for dollars. Please bring it down below 50 cents again so I can load the truck.

Happy Trading Y'All....

The Mad Texan

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The Mad Texan
Right now someone has an appointment with the world's worst doctor.

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Golf57
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Yahoo!My Yahoo!Mail Make Y! your home pageYahoo! SearchSearch:Welcome, moe77sco

Press Release Source: SOYO Group Inc.
Successful Launch of the SOYO Brand Limited Edition Pitbull Series LCD HDTV Leads to Charity Donation
Thursday May 31, 5:51 pm ET
Proceeds From Pitbull Series Sales to be Donated to Ryan Bennett Memorial Fund


ONTARIO, Calif., May 31, 2007 (PRIME NEWSWIRE) -- SOYO Group Inc. (OTC BB:SOYO.OB - News), announced today, due to the overwhelming and positive response to the launch of the first ever, limited edition Pitbull Series LCD HDTV, both SOYO and former UFC heavyweight champ Andrei ``The Pitbull'' Arlovski will make donations to the Ryan Bennet Memorial Fund.
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Ed O'Brien, Director of Marketing at SOYO says, ``The idea behind the Pitbull Series line was to offer MMA and UFC fans a piece of sports memorabilia from one of the most well respected athletes in the sport. Philanthropy is a core value at SOYO and because of the relationship we have developed with both Arlovski and mixed martial arts, it only makes sense to target a charity that hits home.''

O'Brien goes on to say, ``SOYO will be donating a signed Pitbull Series 42'' LCD HDTV to be auctioned off on eBay this month. The money raised from the sale of the TV will go directly to the memorial fund and help Ryan's family.``

The former champ, Andrei Arlovski says, ``Having my own series of TV's is a very cool idea. I try and find charities to send autographs and help donate when I can. I will give the Ryan Bennet Memorial 50% of the money I get from the sale of these TV's.''

About The Pitbull Series LCD HDTV

Available in 32, 37, 42 inch sizes, the marketing breakthrough features custom startup screens and special edition Arlovski merchandise. A limited number of televisions will be signed by Arlovski and will be delivered randomly.

Offering an introductory price of $699 for the 32`` LCD HD model; the SOYO brand television will be available on SOYO.com, myspace.com/Arlovski, http://www.arlovski.tv as well as select retailers nationwide.

About The Ryan Bennett Memorial Fund

The Ryan Bennett Memorial Fund was created on behalf of Ryan Bennett, an avid MMA fan who was tragically killed in a car accident in Fillmore, Utah last year. In the vehicle on that faithful day was Ryan's family, they all survived the accident but aside from the loss of their father they have had to recover from serious injuries. The organization is run by his friends, and donations are being used to help his wife and four children recover from their own serious injuries and care for each other during their time of need. In addition, SOYO Group Inc. will donate a LCD HDTV, autographed by Arlovski, to be auctioned off by Randy Harris to the highest bidder in a continued effort to help support the Bennett family. For more information on this organization or to donate, please visit http://www.ryanbennett.org

About Arlovski

With a MMA record of 13 wins, 5 losses, the former heavyweight champion stands 6'4 and weighs a lean 240 pounds. Originally from Minsk, Belarus he now resides in Chicago, IL. Known as ``The Pit Bull'' for his aggressive and exciting style of fighting, Arlovski is one of the most well-known and respected athletes in the sport today. Additional photos, videos and biographical content can be found on http://www.arlovski.tv and myspace.com/Arlovski.

About SOYO Group Inc.

SOYO Group Inc. is a provider of consumer electronics such as, LCD Monitors, LCD Televisions, Bluetooth, Portable Storage, LCD Furniture and broadband telecommunications products and services. Headquartered in Ontario, California, with additional sales offices in South America, SOYO Group sells its products through an extensive network of authorized distributors, resellers, system integrators, VARs, retailers, mail-order catalogs and e-tailors. Products are sold under the SOYO, Go Video, Dragon, Onyx, Dymond, Honeywell, Levello, and Prive brand names. For more information, please visit http://www.soyogroup.com.

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cfeist
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This stock moves slower than a dead pig. The volume today was 150 wtf are you kidding me?
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lol.. who bought for 75$ + commission.
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Press Release Source: SOYO Group Inc.

SOYO's CEO Addresses Lack of Effective Shareholder Communication
Tuesday June 26, 8:00 am ET
Addresses Accomplishments and Goals for Near Term


ONTARIO, Calif., June 26, 2007 (PRIME NEWSWIRE) -- SOYO Group Inc. (OTC BB:SOYO.OB - News), an innovative provider of computer, consumer electronics and broadband telecommunications products, addressed their current lack of effective shareholder communication, as well as recent accomplishments and goals for the near term.
Ming Chok, CEO of SOYO commented, ``SOYO has long suffered from what can only be categorized as poor communication. For that, I am sorry. In recent months we have completed some very important steps in building and improving our business. I want to give you some key milestones that we have met, and also assure you that we have begun the necessary steps to start open communications. We are also setting some near term goals for you to gauge SOYO and its team by.''

Recent Accomplishments:


-- We have licensed the Honeywell brand name for use on all types of
Consumer Electronics including TVs.
-- Increased our sales 27% from Q1 2006 to Q1 2007
-- We are currently selling Prive branded LCD TV's which are in-stock
at Wal-Mart Canada.
-- Developed new internal forecasting system to increase inventory
turns.
-- We have hired a public and investor relations professional to
begin the communications process.
-- Our products have started to appear in major Home Theater
Publications.
-- We have begun our sales expansion into Mexico and hired a
Manufactures Representative for Mexico.
-- Considerable brand awareness for SOYO through our sponsorship in
Mixed Martial Arts marketing.
-- Instituted an Employee Stock Option plan that puts our employees'
goals more in line with our shareholders.
-- Received Microsoft Vista Certification for our Citrine Wide Screen
LCD Monitors line.

Financial Highlights:


-- We have increased shareholder equity by $6 million from 2004 to
2006.
-- Increased borrowing capabilities beyond previously announced
credit limits, based on commitments from major retailers.
-- EPS has progressed from (-.10) in 2004 to (-.01) in 2005 to +.01
in 2006.

Goals For Near Term:


-- Launch of Honeywell Products
-- A consistent communication platform created and used more
regularly.
-- A revised Website.
-- A revised IR section accessible on our website.
-- Plan for getting off the OTCBB and onto a more formal exchange.
-- Investor and Corporate fact sheets available monthly.
-- More communications about where we are going and the steps we will
take to get there, including a full "State of the Union" type
Shareholder Update
-- Launch of Le Vello website
-- Launch of Prive website
-- Launch of Honeywell Consumer Electronics Website
-- Add one additional National Retailer for our LCD Monitors.
-- Expand product line and presence into Mexico.
-- Launch Extended Warranty program
-- Continued double digit sales growth through the year 2009.

ADVERTISEMENT


In closing Ming Chok said, ``We felt it was important to tell you, our investors, that we acknowledge that we have not done the job you expect of us in communicating our value proposition. This is not something we take lightly. We appreciate the support and trust you have in our team and this is an important step to rebuild communications.''

About SOYO Group

SOYO Group Inc. is an innovative provider of consumer electronics such as, LCD Monitors, LCD Televisions, Bluetooth, Portable Storage, LCD Furniture and broadband telecommunications products and services. Headquartered in Ontario, California, with additional sales offices in South America, SOYO Group sells its products through an extensive network of authorized distributors, resellers, system integrators, VARs, retailers, mail-order catalogs and e-tailers. Products are sold under the SOYO, Dragon, Onyx, Dymond, Honeywell, Le Vello, and Prive brand names. For more information, please visit http://www.soyogroup.com.

``Safe Harbor'' Statement

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OldPro
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Goals For Near Term:

-- Launch of Honeywell Products
-- A consistent communication platform created and used more
regularly.
-- A revised Website.
-- A revised IR section accessible on our website.
-- Plan for getting off the OTCBB and onto a more formal exchange.
-- Investor and Corporate fact sheets available monthly.
-- More communications about where we are going and the steps we will
take to get there, including a full "State of the Union" type
Shareholder Update
-- Launch of Le Vello website
-- Launch of Prive website
-- Launch of Honeywell Consumer Electronics Website
-- Add one additional National Retailer for our LCD Monitors.
-- Expand product line and presence into Mexico.
-- Launch Extended Warranty program
-- Continued double digit sales growth through the year 2009.

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OldPro
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SOYO chart is cup with handle formation indicating a potential breakout coming soon.
Posts: 74 | From: Midwest | Registered: Dec 2003  |  IP: Logged | Report this post to a Moderator
OldPro
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chart set up for breakout - Honeywell product launch may be the catalyst. Company has formed the Honeywell Consumer Electronic Division
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