ONTARIO, Calif., Aug. 6, 2008 (PRIME NEWSWIRE) -- SOYO Inc. (OTCBB:SOYO) today announced that successfully hosted its first annual meeting of shareholders and passed all three resolutions. This meeting was a mandatory step to meeting listing requirements for the three major U.S. stock exchanges.
SOYO also hosted its first annual Open House, where investors were given a tour of the Company's facilities and demonstrations on many of its products. Among the new product lines shown were SOYO's new top-end line, including:
* 42 and 47 inch Full High Definition LCD TVs
* 60 Inch Plasma High Definition TV
* Widescreen LCD Monitors in 19, and 22 inch sizes
* 1.8 inch USB Compact SecureDrive Hard Drives in 80, 120 and
160 gigabyte sizes
* SecureDrive direct USB Hi-Speed Credit Card Size Hard Drive
in 60 and 80 gigabyte sizes
* SecuraDrive USB Hi-Speed Portable RFID Hard Drive with
Wireless Security Key featuring AES 128 bit data encryption
in 160, 250 and 320 gigabyte sizes
* Airlite 740 Bluetooth Wireless Headset; featuring Bluetooth
2.0 EDR & DSP technologies compatible with most mobile
phones, PCs and PDAs
* Airlite 900 Bluetooth Hands-Free Portable Speakerphone car
kit for cell phones featuring Ultra slim credit card size
and Bluetooth 2.0 EDR & DSP technologies that attaches to
a car's sun visor
The Company also displayed new products in its SOYO line, including:
* 32 inch Plasma High Definition TV
* High Definition LCD TVs in 19, 22, 32 inch sizes
* High Definition LCD TVs with Advanced Imaging Technology in
22, 32, 37, 42 and 47 inches
* SOYO's new Pearl series line of LCD Monitors now available
at Office Max stores
The Company did not discuss a rollout schedule, commercial agreements or any material information. Material events will be announced as they occur.
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 ecommerce companies. For more information about the company and its products, please call 909-292-2500 or visit our Web sites.
"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.