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SOYO to Unveil Honeywell Brand LCD HDTVs and Monitors At CEDIA Expo 2008
Last update: 7:34 p.m. EDT Sept. 2, 2008
ONTARIO, Calif., Sep 2, 2008 (GlobeNewswire via COMTEX) -- SOYO Group Inc. ("SOYO" or "Company") (SOYO:soyo group inc com
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SOYO 0.67, -0.01, -1.5%) , today announced it will display and give in depth demonstrations of its Honeywell LCD televisions and monitors in the Honeywell Booth #310 at the CEDIA Expo 2008, held September 4-7 at the Colorado Convention Center in Denver, Colorado.
The Custom Electronic Design & Installation Association (CEDIA) Expo is considered to be the best, most important show in the industry, bringing together more than 500 exhibitors and approximately 30,000 attendees.
"This is a great opportunity to show off Honeywell brand products developed in collaboration with some of the most influential people in our industry," said SOYO Director and CEO, Ming Chok. "We are expecting a lot of interest this year, which should generate new sales opportunities." Among the new products that SOYO will demonstrate are the Honeywell Altura 42 inch MLX Series LCD FHDTVs and the 19 and 22 inch LCD monitors.
About CEDIA
The Custom Electronic Design & Installation Association (CEDIA) is an international trade association of companies that specialize in planning and installing electronic systems for the home. CEDIA promotes technologies and Training for media rooms, single or multi-room entertainment systems, home networking, environmental controls, total system integration, automation, accessories, education -- and more -- to integrate home systems for "on-demand," adaptive, connected living.
About SOYO Inc.
SOYO, Inc. is a leading global provider of computer, consumer electronics, and broadband telecommunications products and services. Headquartered in Ontario, Calif., with sales offices in Latin America. For more information about the company and its products, please call 909-292-2500 or visit our Web site at http://www.SOYO.com.
"Safe Harbor" Statement
This release contains certain statements that may be deemed "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to certain risks and uncertainties and actual results could differ materially from those expressed in any of the forward-looking statements. The words "plan," "confident that," "believe," "scheduled," "expect," or "intend to," and similar conditional expressions, are intended to identify forward-looking statements. Although the company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct. Factors that could cause results to differ include, but are not limited to, the availability of components and successful production of the company's products, successful performance of internal plans, the impact of competitive services and pricing, general economic risks and uncertainties, and various other information detailed from time to time in the company's filings with the United States Securities and Exchange Commission. The company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof. Please refer to the company's filings at www.sec.gov.
This news release was distributed by GlobeNewswire, www.globenewswire.com
SOURCE: SOYO Group Inc.
SOYO Group Inc.
Edward O'Brien, Director of Marketing
(909) 292-2521
edwardo@soyo.com
Segue Ventures LLC
Investor Relations
Craig Bird
(215)885-4981
chbird@segue.biz
News for 'SOYO' - (SOYO Inc. Updates Financial Guidance for 2008)
ONTARIO, Calif., Aug 27, 2008 (GlobeNewswire via COMTEX) -- SOYO Group Inc.
("SOYO" or "Company") (OTCBB:SOYO), today announced its earnings and business guidance for the remainder of 2008.
During its August 13th Earnings Call, SOYO's management adjusted its projected
2008 top line revenue projections slightly from $140 - $145 million to $135 - $150 million. Management also reduced its net income projections from $5 - $6 million and $0.11 - $0.12 earnings per share to $3.5 - $4 million and $0.06 to
$0.07 earnings per share. Management felt this was necessary due primarily to higher transportation costs and less desirable financing, compared to first quarter and a year ago.
Based on the expected rollout of new "Top Tier" brand products and other market conditions, SOYO anticipates an extraordinarily good fourth quarter in terms of top line revenue and profit. The company also believes revenue and profit growth for 2009 will remain healthy and more in line with its historical growth pattern on a quarter over quarter basis.
About SOYO Inc.
SOYO, Inc. is a leading global provider of computer, consumer electronics, and broadband telecommunications products and services. Headquartered in Ontario, Calif., with sales offices in Latin America. For more information about the company and its products, please call 909-292-2500 or visit our Web site at http://www.SOYO.com.
"Safe Harbor" Statement
This release contains certain statements that may be deemed "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to certain risks and uncertainties and actual results could differ materially from those expressed in any of the forward-looking statements. The words "plan," "confident that,"
"believe," "scheduled," "expect," or "intend to," and similar conditional expressions, are intended to identify forward-looking statements. Although the company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct. Factors that could cause results to differ include, but are not limited to, the availability of components and successful production of the company's products, successful performance of internal plans, the impact of competitive services and pricing, general economic risks and uncertainties, and various other information detailed from time to time in the company's filings with the United States Securities and Exchange Commission. The company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof. Please refer to the company's filings at www.sec.gov.
This news release was distributed by GlobeNewswire, www.globenewswire.com
SOURCE: SOYO Group Inc.
By Staff
CONTACT: SOYO Inc. Edward O'Brien, Director of Marketing (909) 292-2521 edwardo@soyo.com Segue Ventures LLC Investor Relations Craig Bird (215) 885-4981 chbird@segue.biz
(C) Copyright 2008 GlobeNewswire, Inc. All rights reserved.
-0-
this is my reconciliation post...
since had previously posted numerous times in 2007 and early 08 that would be one of the first to buy a Honeywell TV when they came out - I simply cannot wait any longer. In the market for a new TV and was waiting for the Honeywell model, but now only have about a week or so to buy a new one before the old one goes to another family member. May buy a SOYO - undecided as of now - shopping around.
Have the double screen SOYO monitors and a 27" SOYO TV in the kitchen and very happy with both and they both are working great. On the stock - company made me lots of money and still follow - just think a few actions by the company threaten the share structure and with other forms of financing slow in coming - dilution may be near. May get back in before Christmas though - TV's will be hot again this year IMO. good luck and really am disappointed that won't get a Honeywell.
notes from CC and 10Q:
revenue estimate for the year: 135-150 million
bottom line for the year: 3.5-4 million
paid 6 million debt through issuance of 5.9 million shares, shares have buy-back provision. it is planned to buy these back in the next 5 years.
bad debts "under control"
maybe closing 40 million loan with better conditions within the next 1-2 quarters
The Bizz 8-06-2008
Ontario company could be one step closer to getting on AMEX
Article Created: 08/05/2008 05:09:08 PM PDT
Soyo Group Inc. (OTCBB: SOYO.OB) is one step closer to possibly getting a spot on the American Stock Exchange.
But the Ontario-based consumer electronics distributor's stock must rise to $2 a share before the exchange will list the company. Shares closed at 77 cents Tuesday.
Shareholders gave approval at Soyo's annual meeting Monday for the company to issue 125million extra shares of common stock. It would more than double the company's outstanding shares.
Soyo is trying to attract investors. In the meantime, it's looking to acquire electronics companies that are struggling financially.
Votes being tallied from
Vineyard's shareholder meeting
An election inspector is tallying the votes from Vineyard National Bancorp's shareholder meeting on Tuesday.
Shareholders voted on who will fill seven seats on the Corona-based holding company's board of directors. The outcome is expected to be announced soon, but no date has been disclosed.
The holding company is parent of Vineyard Bank.
- matthew.wrye@inlandnewspapers.com
http://www.dailybulletin.com/ci_10106974
NEWS
ONTARIO, Calif., Jul 30, 2008 (PrimeNewswire via COMTEX) -- SOYO Inc.
(OTCBB:SOYO), today announced its 32 inch SOYO brand Plasma TV is now available
in hundreds of stores nationwide and online, including Rex TV Stores and nine
other sales outlets.
"Rex TV's national presence and excellent business execution were key reasons we
decided to go with them as our initial sales outlet," said Harvey Schneider,
Director of Sales for SOYO, "Our state-of-the-art 32 inch plasma TV will be a
lower cost alternative to the current LCD technology and solves the problem many
consumers have in finding a quality picture TV for small living spaces." SOYO
currently has 10 sales outlets carrying its 32 inch Plasma TV, including an
outlet in South America.
SOYO's management team believes the introduction of a lower cost, superior
quality TV is particularly advantageous in the current market, where consumers
are looking to buy quality products at a lower cost. SOYO demonstrated its
Plasma Technology at the Consumer Electronics Association in January 2008 and
received many accolades. The Company has also stated that it anticipates using
this technology in future products.
The Manufacturer's Suggested Retail Price (MSRP) is $799.99 USD, however the
estimated street price is around $499.99 USD. The TV includes a one-year limited
warranty.
The 32 inch plasma TV features a 1,800:1 contrast ratio, one HDMI input and
supports resolution of 480p and 720i. It also features two built-in speakers
that deliver enhanced stereo surround sound, advanced imaging technology that
includes Digital Noise Reduction, Digital Comb Filter and Blackness Enhancement
Technology and 500 nits of brightness for a crisp and vibrant picture.
About REX Stores Corporation
REX Stores Corporation, headquartered in Dayton Ohio, is a specialty retailer of
consumer electronic products and appliances in the United States. As of April
30, 2008, the Company operated 111 retail stores in 34 states.
About SOYO Inc.
SOYO Inc. is an innovative provider of consumer electronics and IT products such
as, LCD Monitors, LCD HD Televisions, Bluetooth Devices, Portable Storage, and
Home Theater Furniture products and services. Headquartered in Ontario,
California, with additional sales offices in Latin America, SOYO sells its
products through an extensive network of authorized retailers, distributors,
resellers, system integrators, VARs, and ecommerce web sites. Products are sold
under the SOYO, Dragon, Onyx, Dymond, Honeywell, Le Vello, and Prive brand
names. For more information, please visit http://www.soyo.com. For information
on the Honeywell Consumer Electronics product lines, please visit
www.honeywellce.com.
"Safe Harbor" Statement
This release contains certain statements that may be deemed "forward-looking
statements" within the meaning of the Private Securities Litigation Reform Act
of 1995. Such forward-looking statements are subject to certain risks and
uncertainties and actual results could differ materially from those expressed in
any of the forward-looking statements. The words "plan," "confident that,"
"believe," "scheduled," "expect," or "intend to," and similar conditional
expressions, are intended to identify forward-looking statements. Although the
company believes that the expectations reflected in its forward-looking
statements are reasonable, it can give no assurance that such expectations or
any of its forward-looking statements will prove to be correct. Factors that
could cause results to differ include, but are not limited to, the availability
of components and successful production of the company's products, successful
performance of internal plans, the impact of competitive services and pricing,
general economic risks and uncertainties, and various other information detailed
from time to time in the company's filings with the United States Securities and
Exchange Commission. The company undertakes no obligation to publicly revise
these forward-looking statements to reflect events or circumstances that arise
after the date hereof. Please refer to the company's filings at www.sec.gov.
This news release was distributed by PrimeNewswire, www.primenewswire.com
SOURCE: SOYO Group Inc.
By Staff
CONTACT: SOYO Group Inc. Edward O'Brien, Director of Marketing (909) 292-2500 edwardo@soyo.com Segue Ventures LLC Investor Relations Craig Bird (215) 885-4981 chbird@segue.biz
(C) Copyright 2008 PrimeNewswire, Inc. All rights reserved.
-0-
INDUSTRY KEYWORD: Computer & Peripherals
SUBJECT CODE: CONSUMER
ELECTRONICS
PRODUCT
Product Services Announcement
I'm not sure I knew that Dealigg.com was selling SOYO's. Only a matter of time before the Honeywell's i'm sure. Hoping for $2+ and Amex with this breakout.. LOL!
Dealigg's prices are really good..
http://www.dealigg.com/search.php?search=soyo&s_cat=0&s_store=0
This was a nice bottom call.
Closed at .85. Happy days are here again.
Harvey
I felt the earthquake down in San Diego earlier today..I hope not damage to anything at SOYO headquarters.. Maybe this quake was just an effect of the start of SOYO breaking the ground for a major breakout:)!
eating .81
I got one of the SOYO 600 and it's graet! The honeywell just looked to small. My experience is the small ones are lite weight and cold looking but don't work that well. You can hear the caller great but they can't hear you, this was the case on the Motorolla I had and a Jabra. the other thing I like a lot about the SOYO 600 is I can use my 4 pin mini USB cable to charge it from my notebook.
Worried!! I bought the Honeywell Airlite 700 wireless headset and was really disappointed with its performance. I have been a shareholder (100k shares) for over 5 years and I have the Honeywell 22" Altura monitor and it is awesome. This bluetooth headset is bad though. I want this company to produce great stuff and get worried when I see marginal product. I had 3 headsets at my office today and my computer guy and I went back and forth on the phones listening to each device. I also have a Motorola H700 (similar price) and it was much clearer and had better duplexing. My friend had a new BlueAnt Wireless
Z9i and it blew both of them out of the water for $67. I ordered one of those. The other thing I did not like about the Honeywell was when you put it in your ear, you feel plugged up. Try putting your finger in your ear and talking. It feels like you can hear inside your head. The BlueAnt and the Motorola don't sit right in your ear like Soyo's. I hope you guys get that I am not here to slam our products. I am buying them to see their quality when they come out. I am going to the meeting on 8/4 since I live in San Diego. I am going to question them about this product. We want great products, not hype. The difference on these 3 products is so immediatly noticible that it is sad for us. Let's hope they try harder on other stuff, because this product is not going to get any word of mouth marketing. This company's success could be huge and I stand to benefit with the shares I have. Kinda wish I had sold at 1.80 but thought we were on our way to the AMEX at 2.00. Hopefully we can get there someday. Ronnoc
SOYO $ 0.60..UP 40% THIS WEEK. HUGE NEWS EXPECTED NEXT WEEK ABOUT THE LAUNCH OF THE HONEYWELL ALTURA HDTVs
SOYO could gain 200, 300, or 400% if they announce that Best Buy, or Circuit City, or Fry's, or another major electronics chain will carry the Honeywell Altura HDTVs. These TV will range from 47" to a giant 82" HDTV having the highest resolution in the industry.
SOYO has a multi-year relationship with Honeywell whereby SOYO will develop the consumer electronics products for Honeywell. Initially SOYO will produce products compatible with its current core competencies: LCD monitors, HDTVs, portable storage devices, and Bluetooth.
The following link provides a comprehensive background of the SOYO - Honeywell relationship:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=23858842
The complete list of Honeywell-branded products that SOYO is allowed to design/manufacture/market is as follows:
LCD monitors and televisions, front and rear projectors, home audio and video DVD equipment (receivers, AMPS, tuners, VHS recorders, DVD players and recorders, clock radios, bookshelf systems, speakers, and audio intercoms),portable audio/video DVD equipment (boom boxes, portable CD/DVD players, MP3, MPEG, camcorders, and digital recorders), and accessories for television monitors and audio-visual products (cables, surge protectors, Bluetooth, antennas, headphones—wireless and wired, remote controls, and multimedia speakers), IPOD and PC accessories (including portable hard drives and flash drives), wall mounts, set-top boxes, and PC embedded boxes.
The company recently said that it may acquire inexpensive profitable companies having core competencies in other high-value products from the above list to expand its Honeywell offerings.
On July 15, 2008 SOYO announced that it hired a well known IR/PR company to help educate investors about the company's incredible value and potential.
The company also announced on July 15 that it will relocate its headquarters to a nearby facility almost twice as large as the existing one in anticipation of accelerated growth short and long term.
SOYO is extremely undervalued even with the recent gains and it's currently trading at a 4.5 forward PE, 0.2 P/S and 0.2 PEG.
Take a look at SOYO's incredible profitable growth of the last 3 years.
http://finance.yahoo.com/q/is?s=SOYO.OB&annual
SOYO expects to grow revenues over 30% and net income over 100% in 2008:
http://biz.yahoo.com/pz/080519/142959.html
Insiders own over 50% of the company. The float is about 14M shares. The CEO and CFO each returned to the company 600,000 shares in 2007 options to minimize dilution. They've also purchased 1.5M shares at $1.25/share in early April 2008 in a private transaction to help shore up the balance sheet. SOYO has increased revenues, net income, cash, and stockholders equity every year for the last 4 years.
The company expects to move to the AMEX in a few months after the stock climbs to $2. All other AMEX requirements have already been met.
SOYO is a rapidly growing and profitable global provider of Computer, Consumer Electronics, and Home Theater Furniture products and services. I strongly recommend that you begin your due diligence of this excellent company now.
Paul Resnik, the Chartered Financial Analyst from Dutton Associates has rated SOYO astrong speculative buy, with 12 month target price of $2.00/share. The current share price is just $0.45/share.
Company Overview
SOYO is a provider of consumer electronics and information technology products such as LCD monitors, LCD HD televisions,Bluetooth devices, portable storage, and home theater furniture products and services. Headquartered in Ontario, California, with additional sales offices in Latin America, SOYO sells its products through an extensive network of authorized retailers, distributors, resellers, system integrators, VARs, and e-commerce Web sites. Products are sold under the SOYO,Dragon, Onyx, Dymond, Honeywell, Le Vello, and Prive brand names.
SOYO's LCD monitors are available through the following retailers, online retailers and distribution channels: OfficeMax, OfficeDepot Canada, the Brick, Overstock.com, Overrunz, Deltron, Leader Tech,FuTech, icompy, IGM, DBL, Fry's Electronics, Arch Brook Laguna,ECost.com, Amazon.com, Target.com, Bell Micro, Star Computer Group, Jair, and Ceven Corp. SOYO's LCD TVs are available through the following retailers, online retailers and distribution channels: HHGregg Appliance and Electronics, Arch Brook Laguna, Overrunz, DBL, Target.com, Bell Micro, Star Computer Group, American TV, ECost.com, Overstock.com, Rex TV, SixthAvenue Electronics and Wal-Mart Canada.
I encourage you to look at the information on SOYO through the following links:
SOYO Website - http://www.soyo.com/
Dutton Associates (SOYO Analyst) - http://www.jmdutton.com/research/SOYO/index.html
SOYO News- http://finance.yahoo.com/q/h?s=SOYO.OB
Report to moderator Logged
SOYO Inc. Retains Segue Ventures LLC for Investor Relations and Public Relations
ONTARIO, Calif., July 15, 2008 (PRIME NEWSWIRE) -- SOYO Inc. (SOYO) (OTC BB:SOYO.OB - News) announced today that it has retained Segue Ventures, LLC (Segue) to provide investor and public relations services in order to bring greater investor and media awareness to the company.
ADVERTISEMENT
``At this stage in SOYO's growth we are excited to bring the responsibilities of investor relations to such a professional group,'' said SOYO Inc. Chairman and CEO Ming Chok. ``Hiring Segue will give us the chance to truly focus on our business. SOYO is making great progress and we are thrilled to be able to have our story presented more effectively and to a wider audience.''
Segue President Craig H. Bird stated, ``We are pleased to spearhead SOYO's efforts to bring their tremendous market value and business potential to the investment community. Their business growth is truly remarkable and we have a great opportunity to help the company grow to the next level in the investment community.''
About SOYO Inc.
SOYO, Inc. is a global provider of Computer, Consumer Electronics, and Home Theater Furniture products and services. SOYO sells its products under the following brand names: SOYO http://www.soyo.com, Honeywell http://www.honeywellce.com, Prive http://www.privedisplays.com, Le Vello http://www.levellofurniture.com and Dragon. Headquartered in Ontario, Calif., with sales offices in Latin America, SOYO sells its products through an extensive network of authorized retailers, distributors, and ecommerce companies. For more information about the company and its products, please call 909-292-2500 or visit our Web sites.
About Segue Ventures, LLC.
Segue Ventures is a business consulting and investor & media relations firm focused on providing micro and small-cap companies from around the world with effective services. Segue works with private and publicly listed companies to improve business planning and development, internal and external corporate communications and stock valuations. http://segue.biz/
``Safe Harbor'' Statement
This release contains certain statements that may be deemed ``forward-looking statements'' within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to certain risks and uncertainties and actual results could differ materially from those expressed in any of the forward-looking statements. The words ``plan,'' ``confident that,'' ``believe,'' ``scheduled,'' ``expect,'' or ``intend to,'' and similar conditional expressions, are intended to identify forward-looking statements. Although the company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct. Factors that could cause results to differ include, but are not limited to, the availability of components and successful production of the company's products, successful performance of internal plans, the impact of competitive services and pricing, general economic risks and uncertainties, and various other information detailed from time to time in the company's filings with the United States Securities and Exchange Commission. The company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof. Please refer to the company's filings at http://www.sec.gov.
Contact:
SOYO Inc.
Edward O'Brien, Director of Marketing
(909) 292-2500
edwardo@soyo.com
Segue Ventures LLC
Investor Relations
Craig Bird
+1-215-885-4981
chbird@segue.biz
--------------------------------------------------------------------------------
Source: SOYO Group Inc.
- SOYO Relocates Corporate Headquarters -
New Facility Will Nearly Double SOYO's Office and Warehouse Space
ONTARIO, Calif., July 15, 2008 (PRIME NEWSWIRE) -- SOYO Inc. (OTC BB:SOYO.OB - News) today announced that it has signed a five-year agreement to lease a 74,731 square foot multi-purpose facility, which will nearly double its headquarters, operations and warehouse space. The new facility provides SOYO with the necessary infrastructure to continue its rapid growth for the next several years.
ADVERTISEMENT
``We wanted to remain within the City of Ontario due the good relationships we have established with the city, agencies and businesses, and due to the close proximity to major transportation corroders,'' said SOYO Inc. Chairman and CEO Ming Chok. ``Our new headquarters will allow us to operate more effectively and efficiently with our current and new product lines and brands. Our current facility is just not big enough to handle the growth of our new products. The Honeywell line and our new Le Vello line of home theater furniture require a lot more space.''
SOYO will begin moving to the new facility in September 2008 and is located approximately five miles from the current location. The current five-year lease expires in November 2008.
About SOYO Inc.
SOYO, Inc. is a global provider of Computer, Consumer Electronics, and Home Theater Furniture products and services. SOYO sells it products under the following brand names: SOYO http://www.soyo.com, Honeywell http://www.honeywellce.com, Prive http://www.privedisplays.com, Le Vello http://www.levellofurniture.com and Dragon. Headquartered in Ontario, Calif., with sales offices in Latin America, SOYO sells its products through an extensive network of authorized retailers, distributors, and e-commerce companies. For more information about the company and its products, please call 909-292-2500 or visit our Web sites.
``Safe Harbor'' Statement
This release contains certain statements that may be deemed ``forward-looking statements'' within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to certain risks and uncertainties and actual results could differ materially from those expressed in any of the forward-looking statements. The words ``plan,'' ``confident that,'' ``believe,'' ``scheduled,'' ``expect,'' or ``intend to,'' and similar conditional expressions, are intended to identify forward-looking statements. Although the company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct. Factors that could cause results to differ include, but are not limited to, the availability of components and successful production of the company's products, successful performance of internal plans, the impact of competitive services and pricing, general economic risks and uncertainties, and various other information detailed from time to time in the company's filings with the United States Securities and Exchange Commission. The company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof. Please refer to the company's filings at http://www.sec.gov.
Contact:
SOYO Inc.
Edward O'Brien, Director of Marketing
(909) 292-2500
edwardo@soyo.com
Segue Ventures LLC
Investor Relations
Craig Bird
+1-215-885-4981
chbird@segue.biz
Where is everyone?
Where's the SOYO Love?
Compare SOYO to many manufacturers who have come up with new ideas & put them on the market.
Nothing from SOYO. Why no innovations in over a year? Not that I know of.
SOYO looks like it's on a bottom.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=30669727
How about to switch gears...
They want to make an acquisition - growth.
"pullback" is quite the euphemism
BRLC chapter 11... SOYO's pullback may reflect the fear a bit eventho it is more solid than BRLC!
As of July 1st, its no longer legal to use any cell phone or similar device, that requires you to take your hands off the wheel of your vehicle while driving,in the state of California.
futrcash
"posts are imo...please confirm by doing "original" dd.
futrcash..."
The way I read it is they will only need to increase float if they do not get accepted to trade on the AMEX.
Somebody will have to explain the need to increase and already good sized float even more because of a move from the OTCBB to AMEX - does not compute (and significantly more shares for options- which has historically cut into EPS):
"We will hold our 2007 annual meeting on Monday, August 04, 2008 at 10:00am Pacific
Standard Time (PST) at the Sheraton Ontario Airport Hotel, 429 N. Vineyard Avenue,
Ontario, California 91764. We encourage all of our shareholders to attend our Annual
Meeting and meet our Management Team, and hear about some of the exciting things we
have coming up for the back half of 2008.
The first matter we are asking you to vote on is to increase the authorized shares of
common stock from the current 75 million to 200 million. If we do get accepted to trade
our shares on the AMEX, we will need to significantly increase our float, and plan to do
this through some type of offering. We also need the flexibility if we find a target that we
wish to acquire.
Second, we are asking you to vote to increase the number of shares available to the
Employee Stock Option Plan from the current 5 million to 15 million. We will need these
shares in the future as we continue to grow and hire more employees and industry
professionals.
Finally, we are asking you to vote to extend each director’s term of service for one year.
All directors assist the Company on a day to day basis and are involved with future
growth. We want to extend the term of their service until the next annual meeting, which
will take place in 2009.
In closing, I want to thank you again for your support.I look forward to keeping you
updated on our 2008 progress.
Respectfully,
Ming Chok
President and CEO"
http://www.investorshub.com/boards/board.asp?board_id=6982
FIND RAPID GROWTH!
would this puppy pull back to 52 weeks low level again?
it seems 2 small size LCD monitors and one "smaller" size HDTV LCD are viable alternatives in the market.
They are also selling 42" HDTV @$699.Very good value.
Looks as if SOYO's Honeywell line intends to be a 'Premium' offering.
Anyone know when or if they intend to roll out a lot of product?
With the soft economy here in the U.S.,I see consumer electronics prices slashed across the board.
Wonder if the Honeywell name would be recognizable in foreign markets such as Europe and South America?
Maybe Dubai,or Moscow?
I know that Trump and other rabid capitalists have moved shop over seas to those markets.
futrcash
Yes that is correct, Ashten quit to return to school. I spoke with her boss Edward Obrien, who confirmed that he is handling the IR/PR tell the position is filled. He told me I could contact him anytime at (909) 292-2521 or email him at edwardo@soyo.com.
Apparently, Ashten Giardine is no longer with the company. If you contact the company through their website, someone will respond.
Yep, the marketing department is out & selling.
Good to see.
This is the sticker on the outside that is used by Soyo to persuade someone to buy the monitor. They're getting $10 free, they might choose this monitor over another. In some people's minds they will subtract $10 from the cost of the monitor. Inside the box there will be more advertisements for ReelTime and consumers will look for their $10 coupon. Good for Soyo and good for RLTR.
The Honeywell box for Soyo's co-marketing program with ReelTime (RLTR). These are in circulation already. If you order from Soyo now you will receive one of these. This is exactly how NetFlix did their marketing when they were a startup.
http://www.inonespot.com/ihub/rltr/ReelTimeAndHoneywell.pdf
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Quote 03-19-08
"Yes, we must, indeed, all hang together, or most assuredly we shall all hang separately." ~Benjamin Franklin to John Hancock
I TRIED TO REACH ASHTEN (THE INVESTOR RELATIONS PERSON) BY PHONE AND BY E-MAIL OVER THE LAST WEEK AND HAVE HAD NO LUCK. SHE HAS RETURNED MY CALLS IN THE PAST-IS SHE STILL THERE? IS THERE A NEW INVESTOR RELATIONS PERSON? IS ANYONE ELSE WORRIED ABOUT THIS STOCK AND REVERSE SPLITS??
Press Release Source: SOYO Group Inc.
Dutton Associates Announces Investment Opinion: SOYO Group Rated Strong Speculative Buy in Update Report by Dutton Associates
Friday June 13, 1:00 pm ET
ROSEVILLE, Calif.--(BUSINESS WIRE)--Dutton Associates updates its coverage of SOYO Group Inc. (OTCBB: SOYO - News), reiterating its Strong Speculative Buy rating and 12-month price target of $2.00. The 14-page report by Dutton Associates senior analyst Paul J. Resnik, CFA, is available at www.jmdutton.com as well as from First Call, Bloomberg, Zacks, Reuters, and Knobias and other leading financial portals. SOYO has proven its ability to source and successfully distribute quality consumer electronics products using its own brand names, SOYO and Prive. Its products are now sold at major retailers and through Web sites throughout the United States, Canada and Latin America. The Company achieved a 95% gain in revenues in 2007 and moved from marginal profitability, posting a seven-fold increase in net income available to common shareholders. SOYO earned fully diluted earnings per share of $0.06 in 2007 (versus $0.01 in 2006). The Company has now begun the roll-out of a top-tier product line under the Honeywell brand name that we believe will support sustainable growth, profitability, and greater visibility for the Company.
About Dutton Associates
Dutton Associates is one of the largest independent investment research firms in the U.S. Its 27 senior analysts are primarily CFAs, and have expertise in many industries. Dutton Associates provides continuing analyst coverage of 110 enrolled companies, and its research, estimates, and ratings are carried in all the major databases serving institutions and online investors.
The current cost of enrollment in our one-year continuing research program is US $35,000 prepaid for 4 Research Reports, typically published quarterly, and requisite Research Notes. Dutton Associates received $35,000 from the Company for 4 Research Reports with coverage commencing on 1/7/08. The Firm does not accept any equity compensation. Our principals and analysts are prohibited from owning or trading in securities of covered companies. The views expressed in this research report accurately reflect the analyst's personal views about the subject securities or issuer. Neither the analyst's compensation nor the compensation received by us is in any way related to the specific ratings or views contained in this research report or note. Please read full disclosures and analyst background at www.jmdutton.com before investing.
Contact:
Dutton Associates, LLC
John M. Dutton, 916-960-0623
--------------------------------------------------------------------------------
Source: SOYO Group Inc.
Has anyone had luck contacting IR lately? I emailed the company over week ago regarding the proposed increase in Authorized share count but have not recieved response.
Tiger Direct has a SOYO 22 inch monitor on sale for $199.00
Regular price 229.00
Bottom right corner.
http://www.tigerdirect.com/email/wem1637.asp?cm_mmc=Email-_-Main-_-WEM1637-_-Components&SRCCODE=WEM1637CO
If you insist on measuring yourself, put the tape around your heart rather than your head.
Carol Trabelle
My favorite back in my bar days:http://www.onemorelevel.com/games.php?game=33
Very sad.200m is pretty lousy.Im putting my old SOYO funds into REPR.
I think it has something to do with a financing proposal. If they can get the money they need to push the Honeywell line into the market then I am all for it. Hopefully if it is for some type of financing that will have restrictions on the shares.
Our current cash flow situation is really holding the company back and is creating lower margins.
can't really see a need for it, unless they want to go on into an acquisition mode.
Still scratching my head trying to figure it out.
Any one read the shareholders meeting announcement? If so whats you input on the proposal to increase the outstanding shares from 75M to 200M.
Anyone else disappointed by Q1 earnings?
The troubling thing for me is the erosion of the gross margin. They've got a few things working against them like the fact that they've run out of carryforwards to offset taxes.
Another thing is the tough comps they've got going forward against the last two quarters of 2007.
If the Honeywell stuff sells good and has a substantially higher margin they ought to be able to pull it off.
I'm on the sidelines (been here for months now)
The SOYO Honeywell Airlite 700 Bluetooth Headset Given the 'Great Pick' Award in Its First Independent Third-Party Review
May 21, 2008 9:30:00 AM
2008 PrimeNewswire, Inc.
View Additional ProfilesONTARIO, Calif., May 21, 2008 (PRIME NEWSWIRE) -- SOYO Inc. (OTCBB:SOYO), today announced that the Honeywell Airlite(tm) 700 Bluetooth Headset has received its first independent third-party review from Mr. Rodney Reynolds at 3D Game Man, www.3dgameman.com.
The Airlite(tm) 700 received the "Great Pick" Award and was praised for its great range, long talk and standby times, clear reception as well as its small and lightweight design. The review states, "The Honeywell Airlite(tm) 700 Wireless Bluetooth Headset performs admirable well. If you require a wireless Bluetooth headset that has great range, battery life and speaker/microphone clarity, I recommend you check this product out. As a matter of fact, this headset is so comfortable, tiny and lightweight you'll forget you're even wearing it."
Harvey Schneider, Director of Sales for SOYO said, "The Airlite(tm) 700 is a great product that couples comfort with a sleek, lightweight design. We are happy to add this review to the other great reviews we've received on the other Honeywell products and we are pleased that the Airlite(tm) 700 is now available for purchase."
The MSRP for the Honeywell Airlite(tm) 700 is $79.99 USD. It is currently available through Micro Center stores and www.honeywellce.com.
To read the review in its entirety, please visit http://www.honeywellce.com/#News/Events/Reviews
About SOYO Inc.
SOYO Inc. is an innovative provider of consumer electronics and IT products such as, LCD Monitors, LCD HD Televisions, Bluetooth Devices, Portable Storage, and Home Theater Furniture products and services. Headquartered in Ontario, California, with additional sales offices in Latin America, SOYO sells its products through an extensive network of authorized retailers, distributors, resellers, system integrators, VARs, and ecommerce web sites. Products are sold under the SOYO, Dragon, Onyx, Dymond, Honeywell, Le Vello, and Prive brand names. For more information, please visit http://www.soyo.com. For information on the Honeywell Consumer Electronics product lines, please visit www.honeywellce.com.
"Safe Harbor" Statement
This release contains certain statements that may be deemed "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to certain risks and uncertainties and actual results could differ materially from those expressed in any of the forward-looking statements. The words "plan," "confident that," "believe," "scheduled," "expect," or "intend to," and similar conditional expressions, are intended to identify forward-looking statements. Although the company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct. Factors that could cause results to differ include, but are not limited to, the availability of components and successful production of the company's products, successful performance of internal plans, the impact of competitive services and pricing, general economic risks and uncertainties, and various other information detailed from time to time in the company's filings with the United States Securities and Exchange Commission. The company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof. Please refer to the company's filings at www.sec.gov.
CONTACT: SOYO Inc.
Ashten Giardine, Public Relations and Investor Relations
(909) 292-2504
ashteng@soyo.com
I just purchased the SOYO/Honeywell bluetooth headset online.
Press Release Source: SOYO Group Inc.
SOYO Announces the Honeywell Airlite 700 Bluetooth Headset is Now Available At Micro Center Stores
Tuesday May 20, 9:30 am ET
ONTARIO, Calif., May 20, 2008 (PRIME NEWSWIRE) -- SOYO Inc. (OTC BB:SOYO.OB - News), today announced that the Honeywell Airlite(tm) 700 Bluetooth Headset is now available at Micro Center stores. Micro Center is the first retailer to carry one of the Honeywell consumer electronics products. In addition, the Honeywell Airlite(tm) 700 is also available through Micro Center's website at http://www.microcenter.com.
Harvey Schneider, SOYO's Director of Sales said ``Micro Center is a key retailer for reaching U.S. consumers. They target a high-end demographic, which is exactly the kind of consumer SOYO wants to reach with the Honeywell branded products. With all the laws already in place that restrict cell phone use while driving, and more due to come this year, we expect demand for this type of device will spike dramatically. We feel the design, aesthetics, and performance of the Honeywell Airlite(tm) 700 well positions this product to take advantage of the upward trend for Bluetooth products.''
The Honeywell Airlite(tm) 700 Bluetooth Headset features Bluetooth 2.0 technology and EDR (Enhanced Data Rate) technology, with crystal clear communications for quality and reliability. Weighing only nine grams (.32 oz), the Honeywell Airlite(tm) 700 Bluetooth Headset has a lightweight, stylish design and features up to seven hours of talk time and up to 200 hours of standby time. The Bluetooth Headset can be worn on either the left ear or right ear and comes with two ear hooks and three sizes of soft ear caps to ensure the most comfortable fit. Additionally, the Honeywell Airlite(tm) 700 Bluetooth Headset features a multi-function button, which allows for easy one-touch control to answer calls and end calls as well as a flashing LED light to alert the user when to charge the device's battery. The MSRP for the Honeywell Airlite(tm) 700 is $79.99 USD.
About SOYO Inc.
SOYO Inc. is an innovative provider of consumer electronics and IT products such as, LCD Monitors, LCD HD Televisions, Bluetooth Devices, Portable Storage, and Home Theater Furniture products and services. Headquartered in Ontario, California, with additional sales offices in Latin America, SOYO sells its products through an extensive network of authorized retailers, distributors, resellers, system integrators, VARs, and ecommerce web sites. Products are sold under the SOYO, Dragon, Onyx, Dymond, Honeywell, Le Vello, and Prive brand names. For more information, please visit http://www.soyo.com. For information on the Honeywell Consumer Electronics product lines, please visit http://www.honeywellce.com.
About MICRO CENTER
Micro Center operates twenty-one large stores in major markets nationwide. Founded in 1979 in Columbus, Micro Center's is a destination retailer designed to satisfy the dedicated computer user. Uniquely focused on computers and computer-related products, Micro Center offers more computer and computer-related SKUs (more than 30,000 in stock) than any other retailer. With more square footage devoted exclusively to computers and computer-related items than any other retailer, Micro Center has more upscale atmospherics than big box consumer electronics stores, and selection, service and sales staff expertise modeled after Nordstrom and other service-oriented retailers. Stores also feature large Gaming departments with Nintendo Wii, Sony PS3, Microsoft XBOX 360 and PC Gaming displays on HDTVs, plus more than 2,000 games and nearly 350 different accessories per store. Readers of the leading U.S. consumer magazine have consistently rated Micro Center among the best stores at which to buy a PC since the publication began surveying satisfaction with computer stores in 2003. Consumers can also purchase online at http://www.microcenter.com. Micro Center store locations: CA -- Tustin and Santa Clara; CO -- Denver; GA -- Atlanta (2); IL -- Chicago (2); KS -- Kansas City; MA -- Boston; MD -- Rockville; MI -- Detroit; MN -- Minneapolis; NJ -- North Jersey; NY -- Westbury, LI; OH -- Cincinnati, Cleveland, Columbus; PA -- Philadelphia; TX -- Dallas, Houston; VA -- Fairfax.
``Safe Harbor'' Statement
This release contains certain statements that may be deemed ``forward-looking statements'' within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to certain risks and uncertainties and actual results could differ materially from those expressed in any of the forward-looking statements. The words ``plan,'' ``confident that,'' ``believe,'' ``scheduled,'' ``expect,'' or ``intend to,'' and similar conditional expressions, are intended to identify forward-looking statements. Although the company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct. Factors that could cause results to differ include, but are not limited to, the availability of components and successful production of the company's products, successful performance of internal plans, the impact of competitive services and pricing, general economic risks and uncertainties, and various other information detailed from time to time in the company's filings with the United States Securities and Exchange Commission. The company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof. Please refer to the company's filings at http://www.sec.gov.
Contact:
SOYO Inc.
Public Relations and Investor Relations
Ashten Giardine
(909) 292-2504
ashteng@soyo.com
--------------------------------------------------------------------------------
Source: SOYO Group Inc.
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