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SOYO Group Receives Order from Office Depot for Slim Drives
Sep 12, 2005 8:30:00 AM
Copyright Business Wire 2005
ONTARIO, Calif.--(BUSINESS WIRE)--Sept. 12, 2005--

SOYO(R) Group Inc. (OTCBB: SOYO), a leading global provider of computer, consumer electronics and broadband telecommunications products, today announced it has further extended its retail distribution channel as Office Depot (NYSE: ODP) is launching SOYO's 20GB portable slim drives during the month of October. The product will be available during the fourth quarter of 2005 through more than 1,000 Office Depot stores nationwide.

Ming Chok, chief executive officer of SOYO, commented, "This is an important new relationship for us as Office Depot, with over 1,000 stores, is one of the world's largest office products retailers. Our products are perfectly suited for this retail customer base because Office Depot caters to both home users and small businesses. We will initially have our slim 20GB portable USB hard drive available in the fourth quarter. Our hope is that we will be able to extend this into our other product areas, including our VoIP and LCD lines. Our relationship with Office Depot will serve to further strengthen our already impressive sales and distribution networks as we continue to leverage the powerful SOYO brand name to grow our business."

About Office Depot

With annual sales approaching $14 billion, Office Depot provides more office products and services to more customers in more countries than any other company. Incorporated in 1986 and headquartered in Delray Beach, Fla., Office Depot conducts business in 23 countries and employs 47,000 people worldwide. The company operates under the Office Depot(R), Viking Office Products(R), Viking Direct(R), Guilbert(R) and Tech Depot(R) brand names.

Office Depot is a leader in every distribution channel -- from retail stores and contract delivery, to catalogs and e-commerce. With $3.1 billion in online sales in FY'04, the company is the world's No. 3 Internet retailer. As of June 25, 2005, Office Depot has 1,011 retail stores in North America, in addition to a national business-to-business delivery network supported by 22 delivery centers and more than 60 local sales offices. Internationally, the company conducts wholly owned operations in 14 countries through 76 retail stores and 26 distribution centers, and operates 153 retail stores under joint venture and license arrangements in another seven countries.

The company's common stock is listed on the New York Stock Exchange under the symbol ODP and is included in the S&P 500 Index. Additional press information can be found at: http://mediarelations.officedepot.com.

About SOYO Group Inc.

SOYO Group Inc. is a leading global provider of computer, consumer electronics, and broadband telecommunications products and services. Headquartered in Ontario, Calif., with sales offices in South America, SOYO Group sells its products through an extensive network of authorized distributors, resellers, system integrators, VARs, retailers, mail-order catalogs and e-tailers, including Walmart.com, eCost.com, Fry's, PC Mall and Tiger Direct, among others. For more information about the company and its products, please call 909-292-2500 or visit our Web site at http://www.soyogroup.com.

Safe Harbor Act Notice

This information contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the "act"). In particular, when used in the preceding discussion, the words "plan," "confident that," "believe," "scheduled," "expect," or "intend to," and similar conditional expressions are intended to identify forward-looking statements within the meaning of the act and are subject to the safe harbor created by the act. Such statements are subject to certain risks and uncertainties and actual results could differ materially from those expressed in any of the forward-looking statements. Such risks and uncertainties include, but are not limited to, market conditions, the availability of components and successful production of the company's products, general acceptance of the company's products and technologies, competitive factors, timing, and other risks described in the company's SEC reports and filings. Third-party statements contained herein and information contained on any third-party Web site are not endorsed by or adopted by SOYO, nor has their accuracy been verified by SOYO.

Source: SOYO Group



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