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Restricted and they probably got a lot for them. This is clearly happeing now.
Nice!!!
It would appear so. Maybe they were wiating until they had a final date on 2.2?
NEWS!
Thats a lot of outlets!
Looks like Soyo put this out. Are they finally shipping?
NEWS!!!! I can not believe I found it first!!!
SOYO Signs Agreement With ReelTime.com to Provide In-Box Media Content
SOYO HDTV & LCD Customers to Receive FreeTrial to ReelTime Streaming Video Service
ONTARIO, Calif., Oct 23, 2008 (GlobeNewswire via COMTEX) -- SOYO Group Inc. ("SOYO" or "Company") (OTCBB:SOYO), an innovative provider of computer and consumer electronics products, announced today that they signed an exclusive agreement (agreement) with ReelTime Rentals, Inc. to provide on-demand media content. The agreement requires SOYO to provide a 30-day free trial to ReelTime streaming video service with all of its LCD monitors and televisions. In return, ReelTime will provide revenue sharing compensation to SOYO for all future ReelTime.com subscribers generated from SOYO's marketing efforts.
"Combining our high-quality products with ReelTime's second generation streaming video will provide synergy to both our businesses," said SOYO Chairman and CEO, Ming Chok. "Part of our HDTV and monitor development and commercialization strategy includes taking advantage of the ongoing convergence of the media market, which includes cable and satellite content providers, the world wide internet and personal computers."
On-Demand Video services have grown significantly in recent years, and online digital media sourcing is expected to be the next big growth area. To address these markets, SOYO sells high definition televisions, monitors and other products under three brand names, Prive, SOYO and Honeywell.
"This partnership creates immense opportunity," said ReelTime CEO, Barry Henthorn. "We plan to target one million new consumers annually over the term of this agreement. SOYO HDTV and monitor customers can now experience our full-screen high-quality box office hit movies, in what we call 'Point, Click, and Watch' from the comfort of their own homes."
ReelTime's instant rental service is legal, safe and easy to use. ReelTime's proprietary method of delivering top-quality video is matched with cutting-edge encryption protocols to protect the intellectual property of the content owners and combat the threat of piracy. Customers enjoy lower prices and greater convenience than rental outlets or rent-by-mail services by shopping online from the comfort of your own home, and viewing your choices immediately.
SOYO's Retail Outlets
As part of its overall strategy, SOYO strives to have redundant retail outlets, with none having too large a demand on SOYO's total sales revenue. U.S. retailers that are currently selling or are expected to sell SOYO products include: 6th Ave Electronics; Amazon; American TV; Archbrook Laguna; Costco.com; DataVision; DBL Distributing; eCost.com; Fry's Electronics; J&R Electronics Inc.; Office Max; Overstock; Target.com; and Rex TV.
Canadian retailers that are currently selling or are expected to sell SOYO products include: Canadian Tire' Costco.com; Office Depot; and OverRunz.
Latin America retailers that are currently selling or are expected to sell SOYO products include: Ceven Corp; Deltron Computer; Excellent distributors; Icompy S.A.; Leader Tech S.A.; SAT International; and Star Computer, which sells products through the following retail outlets: XPC; Sistemas Comport; Prodecom; Intcomex; and Pimecor.
About the Agreement
According to the agreement, every customer who purchases a SOYO TV or LCD Monitor with the ReelTime sticker on the product package receives "ReelCash" (from ReelTime). "ReelCash" entitles the purchaser to a free one month subscription and one free rental of a premium title and access to over 700 movies and 1,700 TV shows through ReelTime's website. ReelTime shall issue to SOYO one million (1,000,000) shares of ReelTime Rentals, Inc. restricted common stock and provide revenue sharing compensation to SOYO for all future ReelTime.com subscribers generated from SOYO's marketing efforts.
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, the SOYO brand has become synonymous with quality, performance and value. For more information about the company and its products, please call 909-292-2500 or visit our Web site at http://www.SOYO.com.
About ReelTime Rentals, Inc.
ReelTime Rentals, Inc. (Pink Sheets:RLTR) is a leading global provider of online movie and television content with innovative Intelligent Rapid Delivery System (IRDS) technology that not only significantly reduces bandwidth distribution costs by up to 97%, from traditional sources, but also increases quality and resolution for consumers, all at the same time. With major content deals signed with Sony, Disney, Lightworks, ReelMMA.com/LG Sports Marketing and TMS Entertainment USA, ReelTime is quickly changing the larger online movie distribution paradigm. ReelTime Rentals, Inc. (www.ReelTime.com) is headquartered in Seattle, Washington.
"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.
This news release was distributed by GlobeNewswire, www.globenewswire.com
SOURCE: SOYO Group Inc.
By Staff
CONTACT: SOYO Group Inc.
Edward O'Brien, Director of Marketing
(909) 292-2521
edwardo@soyo.com
Segue Ventures LLC
Investor Relations
Craig Bird
(215)392-4981
chbird@segue.biz
(C) Copyright 2008 GlobeNewswire, Inc. All rights reserved.
-0-
INDUSTRY KEYWORD: Computer & Peripherals
SUBJECT CODE: ELECTRONICS
LICENSING AGREEMENTS
Product Services Announcement
Licensing Agreements
I was told tht RLTR never had any EXSA a og time ago. I would be surprised if the audit would show otherwise. ou are right though whatever it says is going to be the facts.
RLTR does have a JV with MMA. I guess we will see how that progresses. It is suposedly awaiting the 2.2 release and was once going to be the first site to use it. I have had no updates on timing and MF has still not gotten back to me.
RLTR never had any interest in EXSA ICT does. ICT has an interest in RLTR
Talk about a headless talking chicken. Just kidding you as you all ready slamed yourself for the ramble. I hope we get a nuggeta week for the next month or so.
They have been good regarding the audit to tell us what they are being told and what expectations are being set by the auditors without making promises.
The mere fact that they have enough governance to pass an audit sets them way apart from most. Posting it will let us and others know that this is actually the case.
Yes, like a combination of 2.2 release, more partner sites, and some oficial communication about this Jagran thing.
Looks like hey are doing it. This is going to get fun.
Keep in mind that this is a totally NEW management team with the exception of the inventor. Mark F told me that the management was changed for the better and that he was very confident in what was gong on. I have not spoken to him in a while and he did not answer any of my calls over the last few weeks. Not that I call him every day or anything but I would like to hear back.
What has he told you about BH?
Nice post. Audit, 2.2,revenue, and the hotel thing by years end? Sound like execution to anyone?
Slamball looks great!!
Funny picture.
Maybe that is because everyone here just wines. Looks like they executed without speaking. The company has not spoken about the India thing. Maybe they are executing? I do not bame them for just getting it done. No fanfare? SFTRADER were you in India and is this thing real?
Yes I agree that your post was the type that will keep people coming here. The disgruntled drama blabber and wining is just a bit too childish for my tastes and I suspect that is why many who are probable still in this stock shy away from the board.
Hang in there. If we get to xmas and nothing major happpens then I would probably become more pessimistic. I on the other hand do not think the reent silence is due to a lack of substantial progress but quite the opposite.
I will thank you.
Good luck to us all on that. I do think that it will happen and I continue to buy. Of course at these levels my share count is pretty good and I am not really worried. I have not been able to reach good Mark for a while nd I have tried several times. I would like to get his current perspective and would post it if he was comfortable.
Bev, thank you for confirming that there is an actual active investegation into the B&E and that it was not just something made up. I also got that you think that the evidence which I suppose that the Detective openly gave you in its entirety is not enough to nail him. Good luck to you both. I do not care about scapegoats MG or BH. I only want to see this thing do what I believe it is doing. So Steph and Good Mark now have no credibility because they openly do not support you or MG. So much that according to you they would falsify a police report that you have confirmed was made do to the fact that they are looking for a scaegoat. The way I see it the observations that they have been making while actively being involved with the company are more credible than public statements that must be (or should be) gaurded by management or the rantings of those who have repeatedly been unprofessional after termination.
J73 I do agree hat as hard as it is you have to choose between being a gossipy scum like the vermin (self included) that waste time on this board or an officer of the company. I have nothing against you and it ust be hard to keep working while unanswered attacks permiate but you should show the restraint and focus of your counterparts. I do appreciate the ocasional factual post by Rustang so if you insist on posting on this board as a known oficer of the company then you should restrain to very dry factual post as apposed to attacking thse who have obvious agendas. I do find you very credible and have really appreciated our few conversations but I do not think this helps the cause. Stay away from the low level BS and keep helping the company.
Yes agreed. Very unprofessional if not interferent.
No kidding. I can not find the news where did you guys see it.
It is a useless excersise because even without my endorsement this can not happen. But just to be clear I would vote what is now between three to four million shares including another 200k today to not spend time or energy distracting the group that is now making things happen. The good Mark/group and ICT should just about put the nail in any idea. Try to spend your time on something productive not disruptive.
MG thinks that he is the only one who tried to make a company. The truth is that they especially MG lied constantly to the people at Reeltime and they were fired for their actions. They continue to hold on to some rediculas notion that they could regain any stature with the company and fail to recognise that the people who do go spend time with the company support what is going on. I wish I knew mopre about what is going on but the one thing that is painfully clear is that MG has been consistently wrong and has been trying at every step to hurt all of the shareholders for selfish reasons. I have made it clear that I give him absolutrely no credibillty and now I must say that Bev has little more.
Mark F told me that between him, and others that they have definitively determined that without both BH and their friends and family voting that the share vote is locked up. He also told me that the current management is the one that they back 100%. His wife said something like that in a post.
They did get rid of all of the people that they thought should go. Most of the management has been replaced. By BETTER management. MC has done it before. Good mark has done it before. Those there now are very glad to be there and the only people who do not see it that way are the ones who did not make the cut.
We all ready look better than MCI, Lehman Bros. XO, and many others.
Alexa probably thinks that the overall usage on the internet is down if this is true.
Alexa rankings down for 2.0 companies across the board. I was talking to a techy guy know who told me that Alexa rankings were completely bogus now especially for 2.0 companies because the Alexa toolbar still does not work for Vista. He said tha as people switch to Vista they can not use Alexa. Is this true? Does anyone here have both Vista and the Alexa toolbar? I run XP so I can not verify. That would be pretty bad this late into MS Vista release to not have a toolbar. He told me it was an intentional sabatage by MS to thwart the competition.
I was pointing to the letter as I stated. Joe told me long ago that the 2.2 thing would happen then all of the partner sites would follow. They did not want to put up sites on the old system when the new one is so close to being ready.
It is clear that they are going after revenue. We will see if they get it but they do understand.
Thats not consistent with the shareholder letter.
Thank you for letting us know. Good luck to you and I hope to see you back in later.