ONTARIO, Calif., July 30, 2008 (PRIME NEWSWIRE) -- SOYO Inc. (OTCBB:SOYO), today announced its 32 inch SOYO brand Plasma TV is now available in hundreds of stores nationwide and online, including Rex TV Stores and nine other sales outlets.
"Rex TV's national presence and excellent business execution were key reasons we decided to go with them as our initial sales outlet," said Harvey Schneider, Director of Sales for SOYO, "Our state-of-the-art 32 inch plasma TV will be a lower cost alternative to the current LCD technology and solves the problem many consumers have in finding a quality picture TV for small living spaces." SOYO currently has 10 sales outlets carrying its 32 inch Plasma TV, including an outlet in South America.
SOYO's management team believes the introduction of a lower cost, superior quality TV is particularly advantageous in the current market, where consumers are looking to buy quality products at a lower cost. SOYO demonstrated its Plasma Technology at the Consumer Electronics Association in January 2008 and received many accolades. The Company has also stated that it anticipates using this technology in future products.
The Manufacturer's Suggested Retail Price (MSRP) is $799.99 USD, however the estimated street price is around $499.99 USD. The TV includes a one-year limited warranty.
The 32 inch plasma TV features a 1,800:1 contrast ratio, one HDMI input and supports resolution of 480p and 720i. It also features two built-in speakers that deliver enhanced stereo surround sound, advanced imaging technology that includes Digital Noise Reduction, Digital Comb Filter and Blackness Enhancement Technology and 500 nits of brightness for a crisp and vibrant picture.
About REX Stores Corporation
REX Stores Corporation, headquartered in Dayton Ohio, is a specialty retailer of consumer electronic products and appliances in the United States. As of April 30, 2008, the Company operated 111 retail stores in 34 states.
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
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