SOYO Group Inc (SOYO)

[DailyX]

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.

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