ONTARIO, Calif., July 15, 2008 (PRIME NEWSWIRE) -- SOYO Inc. (OTCBB:SOYO) today announced that it has signed a five-year agreement to lease a 74,731 square foot multi-purpose facility, which will nearly double its headquarters, operations and warehouse space. The new facility provides SOYO with the necessary infrastructure to continue its rapid growth for the next several years.
"We wanted to remain within the City of Ontario due the good relationships we have established with the city, agencies and businesses, and due to the close proximity to major transportation corroders," said SOYO Inc. Chairman and CEO Ming Chok. "Our new headquarters will allow us to operate more effectively and efficiently with our current and new product lines and brands. Our current facility is just not big enough to handle the growth of our new products. The Honeywell line and our new Le Vello line of home theater furniture require a lot more space."
SOYO will begin moving to the new facility in September 2008 and is located approximately five miles from the current location. The current five-year lease expires in November 2008.
About SOYO Inc.
SOYO, Inc. is a global provider of Computer, Consumer Electronics, and Home Theater Furniture products and services. SOYO sells it products under the following brand names: SOYO www.soyo.com, Honeywell www.honeywellce.com, Prive www.privedisplays.com, Le Vello www.levellofurniture.com and Dragon. Headquartered in Ontario, Calif., with sales offices in Latin America, SOYO sells its products through an extensive network of authorized retailers, distributors, and e-commerce companies. For more information about the company and its products, please call 909-292-2500 or visit our Web sites.
"Safe Harbor" Statement
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