SOYO Group Inc (SOYO)

[Jitz]

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 [phone] [e-mail] Segue Ventures LLC Investor Relations Craig Bird [phone] [e-mail]




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INDUSTRY KEYWORD: Computer & Peripherals

SUBJECT CODE: CONSUMER

ELECTRONICS

PRODUCT

Product Services Announcement