ONTARIO, Calif., Feb. 12, 2008 (PRIME NEWSWIRE) -- SOYO Inc. (OTCBB:SOYO), an innovative provider of computer and consumer electronics products, today reported that sales for their Le Vello Brand of Designer Home Theatre Furniture has increased 835% to $232,898 for the four month period ending January 2008, as compared to $27,876 for the four month period ending September 2007. This increase is due to adding one additional retailer in Canada and one additional retailer in the United States.
Harvey Schneider, Director of Sales for SOYO said, "We expect the increase in sales for the Le Vello Brand of Designer Home Theatre Furniture to continue in the year 2008. We are planning on adding distribution channels for the Le Vello brand and would like to continue expansion through the addition of other retailers in the U.S., Canada and Latin American markets."
The Le Vello Brand of Designer Home Theatre Furniture is currently available at the following retailers and online distribution channels: American TV, Office Depot Canada, Costco.com, Overstock.com and Yawaonline.com. For more information on the Le Vello Brand of Designer Home Theatre Furniture please visit www.levellofurniture.com.
About SOYO Inc.
SOYO Inc. is an innovative provider of consumer electronics such as, LCD Monitors, LCD Televisions, Bluetooth, Portable Storage, LCD Furniture and broadband telecommunications products and services. Headquartered in Ontario, California, with additional sales offices in South America, SOYO sells its products through an extensive network of authorized distributors, resellers, system integrators, VARs, retailers, mail-order catalogs and e-tailers. 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.