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News for SOYO
ONTARIO, Calif., Aug 29, 2006 (BUSINESS WIRE) -- SOYO Group Inc. (SOYO), a leading global provider of large screen consumer electronics, computer peripheral devices, and broadband telecommunications products and services, announces a multi-million dollar agreement with GE Capital Solutions to provide both manufacturing and retailer finance options for SOYO's subsidiary, SOYO Inc. The agreement will enable SOYO Inc. to better meet the needs of their growing major customers, and will provide the company with increased access to production and delivery commitments.

SOYO Inc. and GE Capital Solutions will utilize an integrated solution enabling SOYO Inc. to efficiently obtain significant manufacturing commitments and deliveries of its products. "The ability to accept and deliver these customer orders will enhance our close relationships with our distributors as well as our large individual retail customers," said Nancy Chu, CFO of SOYO Inc. "We have consistently worked to build sales volume through internal cash flow and non-traditional accounts receivable financing. By working with GE, we have dramatically improved the quality of our credit transactions, in addition to reducing production cycle times. In the end, our customers will get more products in less time, and we can continue to grow our sales volume."

SOYO(TM) and GoVideo(TM) Large Screen Entertainment product lines will be the first to benefit from this extensive agreement. SOYO Inc. has experienced robust product demand in this sector, and will continue to focus on those products. SOYO Inc. has produced over 75% of its revenues from Large Screen Entertainment lines during the last four quarters. "We always want to compete in the most popular long replacement cycle consumer electronics markets. We can utilize our extensive manufacturing experience to build very good products at competitive prices, while building our brand awareness," said Ming Chok, CEO, SOYO Inc.