BOOM, BABY!!!!
SOYO Reaches Key 2007 Milestone by Adding Major Retailer for
Their Monitor Line Sales for SOYO’s LCD Monitors up 475% with 2007 Revenues of over $46 million YTD
ONTARIO, Calif., September 26, 2007 (PRIME NEWSWIRE) -- SOYO Inc. (OTCBB:SOYO), an innovative provider of computer and consumer electronics products, today announced that sales for their LCD monitors have increased 475%, with 2007 revenues exceeding $46 million YTD through September 25, 2007 compared to the same period in 2006. This increase is mainly due to the company reaching their goal of adding a national retailer to carry their LCD monitors.
With the addition of the national retailer, which has over 900 stores nationwide, SOYO has been able to increase the availability of their LCD monitors. Due to this increase
SOYO’s monitors are now ranked eleventh overall in the category of LCD Monitor Manufactures with market share at retail. This has recently been reported by a major independent marketing research firm. The same major independent marketing research firm also ranked SOYO’s 24 inch wide screen LCD monitor number one in the 24 inch category, with over 50% of market share, beating out major name brand competitors for the time period ending August 25, 2007. Along with the 24 inch monitor, SOYO’s 17 and 19 inch wide LCD monitors are being heavily promoted in the retailer’s circulars, which reach approximately 40 million homes nationwide on a weekly basis.
Ming Chok, CEO of SOYO said, “We are excited to be working with such well-respected retailers. Our LCD monitors are gaining a lot of momentum heading into the fourth quarter. We offer a large selection of LCD monitors, with over fourteen models to
choose from. Our LCD monitors continue to ship to Canada, South America, Mexico as well as across the US, with volumes that are outpacing forecasts. I am very pleased with the diversification of sales that we’ve had this year.”
