ONTARIO, Calif., Oct. 28, 2008 (GLOBE NEWSWIRE) -- SOYO Group Inc. ("SOYO" or "Company") (OTCBB:SOYO) today announced it will be operating from its new multi-use headquarters facility on Monday, November 3rd, 2008. The new facility nearly doubles its old warehouse and office capabilities, and provides SOYO a number of new amenities to operate more efficiently.
A photo accompanying this release is available at http://www.globenewswire.com/newsroom/prs/?pkgid=5567
The Company announced in July that it had signed a five-year agreement to lease the 74,731 square foot multi-purpose facility, which will serve as SOYO's world headquarters, operations and primary warehouse. The new facility is located at 1290 E. Elm Street, Ontario, CA 91761.
"This facility within the City of Ontario gives us a strategic advantage," said SOYO Inc. Chairman and CEO Ming Chok. "We will continue to benefit from our relationships with the city agencies, and businesses, and the close proximity to major transportation corroders."
"Our new headquarters, with the office upgrades, will help us operate more effectively and efficiently," Ming continued. "We are excited about our preparations to continue our growth in providing excellent products and services for many years."
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 http://www.sec.gov.
Photo is also available at NewsCom, www.newscom.com, and via AP PhotoExpress.
