ONTARIO, Calif., April 12, 2007 (PRIME NEWSWIRE) -- SOYO Group Inc (OTCBB:SOYO) today announced its new Prive brand of LCD TVs which will be targeted at value minded consumers. The new Prive brand will include a 26" and 32" LCD flat panel display and through initial indicators the company expects to sell approximately 15,000 Prive Brand LCD TVs in 2007. This product will be launched in Canada initially and has the potential to be expanded to other regions.
SOYO is targeting the retail price of the 26" at just $349 and the 32" at $549; at these price points they directly compete with the more bulky CRT or Tube TV. CRT Televisions are four to five times as thick as LCD TVs, do not easily offer wall mountable solutions and are essentially the dying breed of Televisions. Consumers, even value minded consumers, want the latest and greatest features. Prive LCDs are built on the philosophy that LCDs can be designed to alter your way of living and not your budget.
SOYO expects final quality control by first week of May and the new Prive brand of LCD TVs to be available in retail stores by the end of May 2007. Prive will feature high Definition Ready RF NTSC tuner, a native resolution of 1366 X 768, 8ms gray to gray response time and a dynamic contrast ratio of 1200:1. The LCD TVs standard features include a 4:3 and 16:9 aspect ratio and a 170 degree viewing angel, with a host of inputs including HDMI, VGA and Composite inputs. The Prive units are also equipped with two (2) 10-watt stereo speakers and are wall mountable.
Ed O'Brien, Director of Marketing said, "The Prive LCD also makes a great large screen for the Home Office Theater as well. With so many companies offering some form of streaming media, why not have an affordable solution for the enjoyment of these content delivery systems at your desktop?"
About SOYO Group Inc.
SOYO Group Inc. is a provider of computer, consumer electronics, and broadband telecommunications products and services. Headquartered in Ontario, California, with additional 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 Best Buy, Circuit City, Staples, Micro Center, Target.com, Walmart.com, eCost.com, Fry's Electronics, PC Mall, and Office Depot, among others. Products are sold under the Go Video, Dragon, Onyx, Dymond, Honeywell and SOYO brand names. For more information, please visit http://www.soyogroup.com.
The information in this news release includes certain forward-looking statements that are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including statements to the future financial performance of the company. 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 Securities Act of 1933, as amended. 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. 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, general acceptance of the company's products and technologies, successful performance of internal plans, product development and acceptance, 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.
Third-party statements contained herein and information contained on any third-party Web site are not endorsed by or adopted by the company, nor has their accuracy been verified by the company.