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SOYO Group Chooses Qiao Xing Universal Telephone To Partner in
New VoIP Phone Initiative
ONTARIO, Calif., Nov. 18 /Xinhua-PRNewswire/ -- SOYO Group, Inc. (OTC:SOYO)
(BULLETIN BOARD: SOYO) , a leading provider of computer motherboards, computer
peripheral devices, and consumer electronics, today announced its newly formed
strategic partnership with Qiao Xing Universal Telephone, Inc. (NASDAQ:XING),
one of China's leading telecommunications companies. Qiao Xing will supply
SOYO's Voice Over IP (VoIP) phone, with an initial order of 5,000 sets to be
delivered for the coming holiday sales season.
Mr. Ming Chok, CEO of SOYO Group said, 'Qiao Xing is one of China's largest
telecommunications companies with the scale and capacity to handle all of our
current and future product and market needs. The VoIP market, according to
Juniper Research, has been forecasted to exceed US$32 billion by 2009. This
represents approximately 12% of entire telephony market. We intend to leverage
our existing distribution channel as well as our unique product offering to
expand into this fast growing market.'
In a recent announcement, SOYO Group introduced its Z-Connect Voice over IP
Telephone and Router. Each delivers VoIP capabilities with zero set-up fees,
zero monthly fees, zero service contracts, zero software configurations, and
zero hidden charges.
Mr. Wu Ruilin, Chairman of Qiao Xing Universal said, 'We were honored when
such a well known international brand such as SOYO approached us with the
Z-Connect concept. We have a vested interest in seeing SOYO meet every
objective with this product offering. As a part of our recently announced VoIP
initiative we are very excited to partner with SOYO and their expansion into
VoIP market in U.S.'
About SOYO Group, Inc.
SOYO Group, Inc. (OTC:SOYO) (BULLETIN BOARD: SOYO) is a leading global
provider of computer, consumer electronics, networking and broadband
telecommunications products and services that meet the needs of all markets --
from the end-user to the enterprise. Headquartered in Ontario, Calif., with
sales offices in Sao Palo, Brazil, SOYO Group sells its products through an
extensive network of authorized distributors, resellers, system integrators,
VARs, retailers, mail-order catalogs and e-tailers. For more information about
the company and its products, please call (909) 292-2500 or visit our Web site
at http://www.soyousa.com/ .
Safe Harbor Act Notice:
This information contains forward-looking statements within the meaning of The
Private Securities Litigation Reform Act of 1995 (the "Act"). In particular,
when used in the preceding discussion, 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 Act and are subject to the safe harbor created by the Act. 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. Such risks and uncertainties include, but are not limited to,
market conditions, the availability of components and successful production of
the Company's products, general acceptance of the Company's products and
technologies, competitive factors, timing, and other risks described in the
Company's SEC reports and filings. Third party statements contained herein and
information contained on any third party website are not endorsed by or adopted
by SOYO, nor has their accuracy been verified by SOYO.
For more information, please contact:
Corporate Communications
SOYO Group, Inc.
Ms. Pat Harriman
Director of Marketing
Tel: +1-909-292-2543
Email:
Technical Media Relations
SierraTech Public Relations
Mr. Len Fernandes
Tel: +1-530-832-1613
Investor Relations
First Global Media
Mr. John D. Roskelley
President
Tel: +1-480-902-3110
Email:
DATASOURCE: SOYO Group, Inc.
CONTACT: Ms. Pat Harriman of SOYO Group, Inc., +1-909-292-2543 or
; Mr. Len Fernandes of SierraTech Public Relations,
+1-530-832-1613 for SOYO Group, Inc.; Mr. John D. Roskelley of First Global
Media, +1-480-902-3110, or for SOYO Group,
Inc.
Web Site: http://www.soyousa.com/