TARGET: $3+
The SOYO Group Inc. (SOYO.OB) is growing exponentially and profitably and it's still totally under the radar. SOYO is a provider of consumer electronics such as LCD Monitors, LCD Televisions, Bluetooth, Portable Storage, LCD Furniture and broadband telecommunications products and services. SOYO's market cap is only $30M and profitable. The float is only 12M shares
- SOYO's revenues are starting to grow exponentially and well on its way to $100M+/year according to company:
http://finance.yahoo.com/q/is?s=SOYO.OB
Ming Chok, CEO of SOYO commented today, ``SOYO has long suffered from what can only be categorized as poor communication. For that, I am sorry. In recent months we have completed some very important steps in building and improving our business. I want to give you some key milestones that we have met, and also assure you that we have begun the necessary steps to start open communications. We are also setting some near term goals for you to gauge SOYO and its team by.''
Recent Accomplishments:
-- We have licensed the Honeywell brand name for use on all types of Consumer Electronics including TVs.
-- We are currently selling Prive branded LCD TV's which are in-stock at Wal-Mart Canada.
-- Developed new internal forecasting system to increase inventory turns.
-- We have hired a public and investor relations professional to begin the communications process.
-- Our products have started to appear in major Home Theater Publications.
-- We have begun our sales expansion into Mexico and hired a Manufactures Representative for Mexico.
-- Considerable brand awareness for SOYO through our sponsorship in Mixed Martial Arts marketing.
-- Instituted an Employee Stock Option plan that puts our employees'goals more in line with our shareholders.
-- Received Microsoft Vista Certification for our Citrine Wide Screen LCD Monitors line.
Financial Highlights:
-- Increased our sales 27% from Q1 2006 to Q1 2007
-- We have increased shareholder equity by $6 million from 2004 to 2006.
-- Increased borrowing capabilities beyond previously announced credit limits, based on commitments from major retailers.
-- EPS has progressed from (-.10) in 2004 to (-.01) in 2005 to +.01 in 2006.
Goals For Near Term:
-- Launch of Honeywell Products
-- A consistent communication platform created and used more
regularly.
-- A revised Website.
-- A revised IR section accessible on our website.
-- Plan for getting off the OTCBB and onto a more formal exchange.
-- Investor and Corporate fact sheets available monthly.
-- More communications about where we are going and the steps we will take to get there, including a full "State of the Union" type Shareholder Update
-- Launch of Le Vello website
-- Launch of Prive website
-- Launch of Honeywell Consumer Electronics Website
-- Add one additional National Retailer for our LCD Monitors.
-- Expand product line and presence into Mexico.
-- Launch Extended Warranty program
-- Continued double digit sales growth through the year 2009.
In closing Ming Chok said, ``We felt it was important to tell you, our investors, that we acknowledge that we have not done the job you expect of us in communicating our value proposition. This is not something we take lightly. We appreciate the support and trust you have in our team and this is an important step to rebuild communications.''
About SOYO Group
SOYO Group Inc. is an innovative provider of consumer electronics such as, LCD Monitors, LCD Televisions, Bluetooth, Portable Storage, LCD Furniture 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. Products are sold under the SOYO, Dragon, Onyx, Dymond, Honeywell, Le Vello, and Prive brand names. For more information, please visit http://www.soyogroup.com.
Strong day for SOYO. Fundamentals and technicals coming together beautifully:
http://www.stockta.com/cgi-bin/analysis.pl?symb=SOYO&num1=3&cobrand=&mode=stock
Looks like SOYO will continue to move up today.
SOYO reminds me of BRLC before it gained 500%
m2machine, here you already have a thread that you created on SOYO... ???
SOYO HIGHLIGHTS:
SOYO is a provider of consumer electronics such as LCD Monitors, LCD Televisions, Bluetooth, Portable Storage, LCD Furniture and broadband telecommunications products and services. Its products are sold at WalMart and other major retailers. SOYO will start production of low cost LCD HDTVs with the Honeywell name in time for the Holiday season.
- Revenues growing exponentially and soon to exceed $100M/year according to company:
http://finance.yahoo.com/q/is?s=SOYO.OB
- Market cap of less than $30M
- Profitable
- Float of Only 12M shares
- Produced LCD HDTVs, flat computer screens, etc sold at WalMart, Office Depot, etc.
- Will start building LCD HDTV's with the Honeywell name
http://www.fool.com/investing/general/2007/03/08/honeywell-goes-hollywood.aspx
- Flat screens are Microsoft's Windows Vista Certified
http://biz.yahoo.com/pz/070618/121478.html
- Strongest season of year just starting in July.
Here are all the news:
http://finance.yahoo.com/q/h?s=SOYO.OB
Link for the company website:
http://www.soyogroup.com/
Here is the info you posted on SOYO.OB
You can copy this and repost as your own and I will delete mine.
And by the way this is an OTCBB Listed stock, therefore this thread belongs on the Penny Stock Picking Board, It will be moved there.
KEEP AN EYE ON THIS GEM...EASY DOUBLE....MAYBE A 4-BAGGER BY NEXT YEAR.
The SOYO Group Inc. (SOYO.OB) is growing exponentially and profitably and it's still totally under the radar. SOYO is a provider of consumer electronics such as LCD Monitors, LCD Televisions, Bluetooth, Portable Storage, LCD Furniture and broadband telecommunications products and services. SOYO's market cap is only $30M and profitable. The float is only 12M shares
- SOYO's revenues are starting to grow exponentially and wll on its way to $100M+/year according to company:
http://finance.yahoo.com/q/is?s=SOYO.OB (http://finance.yahoo.com/q/is?s=SOYO.OB)
Recent Accomplishments:
-- Have licensed the Honeywell brand name for use on all types of Consumer Electronics including TVs.
-- Currently selling Prive branded LCD TV's which are in-stock at Wal-Mart Canada.
-- Developed new internal forecasting system to increase inventory turns.
-- Hired a public and investor relations professional to begin the communications process.
-- SOYO's consumer electronics products have started to appear in major Home Theater Publications.
-- Expansion sales into Mexico and hired a Manufactures Representative for Mexico.
-- Considerable brand awareness for SOYO through our sponsorship in Mixed Martial Arts marketing.
-- Instituted an Employee Stock Option plan that puts employees'goals more in line with shareholders.
-- Received Microsoft Vista Certification for Citrine Wide Screen LCD Monitors line.
Financial Highlights:
-- Increased sales 27% from Q1 2006 to Q1 2007
-- Increased shareholder equity by $6 million from 2004 to 2006.
-- Increased borrowing capabilities beyond previously announced credit limits, based on commitments from major retailers.
-- EPS has progressed from (-.10) in 2004 to (-.01) in 2005 to +.01 in 2006.
-- Company expects to continue double digit sales growth through the year 2009.
[COLOR="Blue"]Goals For Near Term:[/COLOR]
-- Launch of Honeywell Products
-- Launch of Honeywell Consumer Electronics Website
-- Get off the OTCBB and onto a more formal exchange.
-- A consistent communication platform created and used more regularly.
-- A revised Website.
-- A revised IR section accessible on SOYO's website.
-- Investor and Corporate fact sheets updated monthly.
-- More communications about where the company is going and the steps to take to take to get there, including a full "State of the Union" type Shareholder Update
-- Launch of Le Vello website
-- Launch of Prive website
-- Add one additional National Retailer for our LCD Monitors.
-- Expand product line and presence into Mexico.
-- Launch Extended Warranty program
About SOYO Group
SOYO Group Inc. (WWW.SOYO.COM (http://www.soyo.com)) is an innovative provider of consumer electronics such as, LCD Monitors, LCD Televisions, Bluetooth, Portable Storage, LCD Furniture and broadband telecommunications products and services.
SOYO is a BRLC in the making......at 50c/share it is ridiculously undervalued.....trading at a P/E of less than 10 and a P/S of 0.3. SOYO is on its way to break the $100M revenue mark.
A few SOYO highlights:
- Ranked No. 1 on 24' LCD monitors (9/6/2007) with 50.2% market share and way ahead of 2nd place Samsung with 16.4%!!!
- Growing profitably at double-digit rates:
http://finance.yahoo.com/q/is?s=SOYO.OB
- Will launch their Honeywell-brand LCD TVs soon
- Will move to Nasdaq in 2008 according to company
- Recently the President and CEO of RedChip Companies, Dave Gentry, stated, "SOYO delivered a solid presentation at the New York Conference and generated significant investor interest. With a 74% increase in revenue for the first half of fiscal 2007 compared to fiscal 2006 and a major licensing agreement with Honeywell, the Company continues to demonstrate considerable growth potential."
- And this News today:
SOYO's 24 Inch Wide LCD Monitor Ranks Number 1 in Market Share
Thursday September 6, 9:30 am ET
According to NPD Group SOYO has 50.2 Percent Market Share in the 24 Inch Category Followed by Samsung at 16.4 Percent For the Week Ending August 25, 2007
* SOYO Was the Per Unit Volume Leader, Followed by Samsung,
Gateway, Acer, LG, HP, Westinghouse, and Viewsonic.
* SOYO's 24 Inch Wide is Available Exclusively at OfficeMax
* SOYO is Currently Number Eleven in Overall Monitor Sales
For the Latest Week Ending August 25, 2007.
ONTARIO, Calif., Sept. 6, 2007 (PRIME NEWSWIRE) -- SOYO Inc. (OTC BB:SOYO.OB - News), an innovative provider of computer and consumer electronics products, today announced that their 24 inch Wide LCD Monitor has gained 50.2% market share according to NDP Group ratings. The report for the week ending August 25, 2007 had the SOYO 24 inch Wide LCD monitor as best selling LCD monitor in the 24 inch category. SOYO also was rated number eleven in overall monitor sales for the week ending August 25, 2007.
Harvey Schneider, Director of Sales for SOYO said, ``We are pleased with these outstanding results, and feel that OfficeMax has been a great customer for us. This is significant accomplishment for us because we don't posses the distribution network that the companies we beat out possess. It is also a tremendous accomplishment to be rated number eleven in overall monitor sales. We are also striving to gain market share in other categories and increase our brand awareness. We have a long way to go, but reports like this are very encouraging for our business.''
The 24 inch LCD Monitor is available at most OfficeMax stores, as well as online at http://www.officemax.com for select zip codes.
About SOYO Inc.
SOYO Group Inc. is an innovative provider of consumer electronics such as, LCD Monitors, LCD Televisions, Bluetooth, Portable Storage, LCD Furniture 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. Products are sold under the SOYO, Dragon, Onyx, Dymond, Honeywell, Le Vello, and Prive brand names. For more information, please visit http://www.soyogroup.com.
SOYO is starting to move up. Radar it. $5 target within a year....after it moves to Nasdaq...:)
SOYO is addition to becoming consistently profitable on substantial revenue growth has ambitious goals that will reward shareholders with huge gains in the very near future:
SOYO's CEO Updates Shareholders Through Shareholder Letter
Monday September 10, 8:00 am ET
Includes EPS Guidance of .07-.08 a Share
ONTARIO, Calif., Sept. 10, 2007 (PRIME NEWSWIRE) -- SOYO Inc. (OTC BB:SOYO.OB - News), an innovative provider of computer and consumer electronics products, today announced that Ming Chok, CEO of SOYO Inc., sent a Shareholder Letter to SOYO's Shareholders over the weekend. The letter serves to update Shareholders on the current events at SOYO and the Company's plans for the future.
Highlights from the letter include:
* A projection for 2007 for EPS of seven to eight cents.
* The roll out of the first products created by the Honeywell
Consumer Products division will take place in 2007.
The first products that the Company plans to release
will be portable hard drives. In addition, the Company
plans to release various sized computer monitors which
will feature web cams and microphones, among others.
Additional product roll outs, including LCD televisions, are
scheduled for 2008.
* SOYO currently meets all the requirements to list on the
American Stock Exchange, except for share price.
The Company plans to list on the American Stock Exchange
as soon as possible.
* That the company is forming a Consumer Electronics Division
around the Honeywell Brand name.
Ming Chok, CEO of SOYO said, ``This will be the first of many communications with our Shareholders. We are very grateful for the support we have received, and hope to exceed your expectations in the future.''
To download a copy of the Shareholder Letter, please visit http://www.soyogroup.com/corporate/investor.php or http://www.soyogroup.com/media/investors/shareholdersletter/Shareholders_Letter_Sept.6.2007.pdf
About SOYO Inc.
SOYO Group Inc. is an innovative provider of consumer electronics such as LCD Monitors, LCD Televisions, Bluetooth, Portable Storage, LCD Furniture 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. Products are sold under the SOYO, Dragon, Onyx, Dymond, Honeywell, Le Vello, and Prive brand names. For more information, please visit http://www.soyogroup.com
Here is the most recent shareholder letter:
http://www.soyogroup.com/media/investors/shareholdersletter/Shareholders_Letter_Sept.6.2007.pdf
SOYO keeps moving up. Keep an eye on this gem.
Persistent buying and great volume. Once SOYO break 60 it could run to 75c easily.
SOYO is about to breakout. Keep an eye on this one before it runs away from you...:)
SOYO is breaking out. Last trade 62c!!!
SOYO IS ON FIRE!!!!
LAST TRADE 68c
I hope that some of you bought this one when I brought it to your attention at 50c. SOYO is trading above 80c now.
SOYO : this stock has had a lot of volume and price rise in the last two weeks. Product is now being offered at Target Stores. Remember to not chase a stock , Buy on pullbacks after a run has happened. Never chase a stock
http://tinyurl.com/27zhbz
Press Release Source: SOYO Group Inc.
SOYO Will Debut Monitors Featuring LED Backlight Technology at CES in January 2008
Tuesday November 27, 9:30 am ET
LED Backlight Technology is a More Energy Efficient and Environmentally Friendly Technology
ONTARIO, Calif., Nov. 27, 2007 (PRIME NEWSWIRE) -- SOYO Inc. (OTC BB:SOYO.OB - News), an innovative provider of computer and consumer electronics products, announced today that they will debut monitors featuring LED Backlight Technology at CES in January 2008.
LED Technology is ideal for SOYO's future products because it has a wider color spectrum, with the ability to display more than 110% National Television System Committee (NTSC) color gamut compared to cold cathode fluorescent lamp (CCFL). LED Technology is also more environmentally safe, saving around 40%-60% of power consumption and contains close to no lead content compared to cold cathode fluorescent lamp (CCFL).
Clifford Chun, Project Manager for SOYO said, ``LED Technology is perfect for graphic designers, gamers and photographers, who desire accurate colors with a more detailed life-like visual experience. Additionally, LED monitors can be used in a variety of X-Ray viewing technologies. By using LED Backlight Technology in our future monitors, we will be able to provide the end-user with more true-to-life colors and superior performance while providing more energy efficient and environmentally friendly products.''
About SOYO Inc.
SOYO Inc. is an innovative provider of consumer electronics such as, LCD Monitors, LCD Televisions, Bluetooth, Portable Storage, LCD Furniture and broadband telecommunications products and services. Headquartered in Ontario, California, with additional sales offices in South America, SOYO sells its products through an extensive network of authorized distributors, resellers, system integrators, VARs, retailers, mail-order catalogs and e-tailers. Products are sold under the SOYO, Dragon, Onyx, Dymond, Honeywell, Le Vello, and Prive brand names. For more information, please visit http://www.soyogroup.com.
OH WELLL
>:D
???
SOYO is keenly aware of the move to all-digital in February 2009. They are already making moves to gain market share amongst those preferring to can their old bulky analogs in favor of affordable LCD TVs
Read this recent PR carefully:
SOYO Continues to Target the Niche Consumer
Wednesday February 20, 9:30 am ET
SOYO Introduces the Smaller Sized LCD HDTV's for the SOHO Consumer
ONTARIO, Calif., Feb. 20, 2008 (PRIME NEWSWIRE) -- SOYO Inc. (OTC BB:SOYO.OB - News), an innovative provider of computer and consumer electronics, today announced the 22 inch LCD HDTV, which is the first of the new smaller sized LCD HDTV's that SOYO will debut in 2008. These LCD HDTV's are designed to offer the perfect solution for space-conscious areas such as college dorm rooms, RV's, home gyms, home offices and kitchens. The product will arrive at SOYO's facilities in March 2008 and will be available in stores in April 2008.
With a 2ms response time, 1,000:1 dynamic contrast ratio, a resolution of 1680x1050, and a brightness rating of 300 nits, the 22 inch SOYO LCD HDTV delivers a stunning high-definition picture with crisp, fast action images. The 22 inch LCD HDTV features simulated surround sound and a full array of inputs to accommodate high definition video sources and video game consoles.
``We are pleased to continue expanding our LCD TV product line to cover all of the most popular TV sizes,'' Harvey Schneider, Director of Sales for SOYO said. ``With the February 17, 2009 analog shut off date less than a year away, SOYO now offers the consumer the chance to have a high-definition picture in every room of the house. The 22 inch model is the first of many smaller size televisions that SOYO plans to debut in 2008.''
The Manufacturer Suggested Retail Price (MSRP) for the 22 inch LCD HDTV will be $499.00 USD and will also include a one year limited warranty.
;D
Rerminder: 4Q 2007 and FY 2007 will,be reported on 3/27/08. The CC will be interesting. I expect comments/qustions about the Honeywell like, and how much m,ore will the campany be able to make if the credit was extended as the economy starts to bounce.
Lots of upside here foilks...thiss is an OTCBB stock but management is stronger than on many major exchange companies.
Remember, SOYO is focused into moving to the AMEX as soon as possible. The company was interviewed by AMEX and the only requirement they have to fulfill is the $2 share price
::)
LOOKS LIKE soyo WILL BREAKOUT BIG TIME
NICE!!! ;D
Tomorrow will be interesting.
Last 1 1/2 hour of trading before record earnings tomorrow.
The SOYO Earnings release/CC was moved to March 31, 2008. More time for SOYO to get to my $1.5 target
Remember ....record earnings will be out on 3/31/08
Target: $5+ in 2009
- Investment Highlights:
- SOYO is trading at a very low 10 PE and 0.4 P/S for a company growing profitably at a rate exceeding 40%/year.
- SOYO, a US-based LCD HDTV maker, will report about $105M revenues and $4M net income for 2007 on 3/31/08. This corresponds to almost 100% growth from 2006 (info per February 2008 presentation).
- The company will guide for at least $140M revenues and at least $5M net income in 2008 per recent update.
- SOYO is still in discussions to increase its credit limit. Should the company increase its borrowing power from the current $20M to the $50M it is seeking it would increase revenues to about $240M and net income to about $7M.
- The company says that it is gaining market share from Tier 1 LCD HDTV manufacturers because it offers a better price/quality/size-range line up for budget-minded buyers in the current economic environment.
- In 2007 SOYO entered into an exclusive long-term license agreement with Honeywell to manufacture LCD HDTVs and a full line of consumer electronic products bearing the Honeywell brand name.
- SOYO introduced the Honeywell LCD HDTV line-up at this year's CES show. These premium HDTVs range from 47" - to 82."
- SOYO will launch the Honeywell LCD HDTVs in the 3rd or 4th Quarter of 2008 per company comments. More clarity about this on Monday's earnings release/CC
- SOYO is well positioned to take advantage of the conversion to all-digital broadcasting scheduled for February 2009. SOYO's least expensive, well-reviewed LCD HDTVs start in the low $400's.
- SOYO, established in 1989, has recently applied for listing in the AMEX exchange. Once there it is likely that it will quickly move up to reflect fair value of about $3 even before the "Honeywell Factor"
- SOYO's market cap is only $44M with insiders and institutions owning more than 50% of the company. SOYO's float is less than 20M shares.
On March 18, 2008 SOYO CEO Ming Chok said:
.."I wanted to announce these projections sooner, ...but we are still working on extending our bank financing..."
.." Our biggest limitation as a Company has been that we have grown so quickly that we reached our maximum credit lines for buying products from our suppliers. We are still working on new credit facilities, but regardless of whether or not we can expand our credit, I am confident that we can reach $140,000,000 in revenues and earn a net profit of $5,000,000 in 2008"
This is the initial Honeywell line that SOYO plans to launch this year:
- Honeywell Altura™ LCD full HD TV's with sizes ranging from 42" to 82"
- Honeywell Arius™ LCD Monitors from 19" to 24"
- Honeywell SecuraDrive™1.8 inch Portable Storage in 80GB to 160GB Capacities
- Honeywell Airlite™ 700 Bluetooth Headsets
SOYO's Prive line is made exclusively for WalMart Canada where sales have increased from $0 in 2006, to over $20M in 2007 and will increase by another 100% in 2008.
The SOYO brand LCD HDTVs range from 26" to 47" and are sold in the US, Canada, and Latin America. This product line is growing at double-digit rates.
SOYO is an attractive acquisition candidate for those companies trying to enter the budget LCD HDTV space. Furthermore, the long-term license with Honeywell would be an added attraction for any of the companies being sued by Honeywell for the unauthorized use Honeywell's anti-flicker technology for HDTVs.
About SOYO:
SOYO products are sold under the SOYO, Dragon, Onyx, Dymond, Honeywell, Le Vèllo, and Privè brand names. In the US you can buy SOYO products at Office Max, Fry's, Costco, eCost, Amazon, and others. In Canada SOYO products are sold at WalMart, Sam's Club, Office Depot and others. In Latin America they sell products at over a dozen of well know companies
Also, don't forget that 1Q 2008 earnings will be announced just 6 weeks from now. The quarter will end on Monday.
Considering that 1Q 2007 revenues were only $14.7M, the expecetd 1Q 2008 of $30M in revenues will beat last year's numbers by 100%.
http://finance.yahoo.com/q/is?s=SOYO.OB
Also remember, the Super Bowl was played in Q1 and per my conversations with "people in the know" sales of HDTVs were brisk in the US and Canada (Prive) going into the Super bowl.
Anyway, what I am trying to tell you is that there are potentially huge catalysts for explosive gains going forward including a potential extension of the credit limit, and the impending launch of the Honeywell line later this year. Towards the end of the year we will have Holiday sales and people buying cheap HDTVs to replace their soon-to-be-obsolete analog bulky old TV sets.
And sooner or later SOYO will be trading in the AMEX exchange here institutional investotrs can start buying this undervalued gem.
The bottom line is that there are a lot of catalysts for explosive gains in the next few months to few years
SOYO $0.9..ANNOUNCES RECORD EARNINGS TODAY...CEO BUYS 750K SHARES AT $1.25 PER TODAY's FILING......CC AH TODAY
SOYO Will launch Honeywell LCD HDTVs this year per multi-year agreement with Honeywell!!!
This is Today's filing about CEO's Huge insider buy:
On March 31, 2008, Ming Tung Chok, the president and Chief Executive Officer of SOYO Group, Inc. (the "Company") announced that he and his wife, Nancy Chu, Chief Financial Officer of the Company today purchased 776,000 shares of the Company's common stock from the Company in a private placement at a price of $1.25 per share.
Mr. Chok further announced his plans to purchase another 750,000 shares of the Company's common stock in a private placement during April 2008 at a price of $1.25 per share.
Regarding today's earnings release:
SOYO today reported $110M in revenues up 94% from 2006. Net income increased to 6c/share compared to 1c/share in 2006.
Today's earnings release stated:
``2007 was the best year in SOYO's history, with record numbers across the board,'' Ming Chok, CEO of SOYO said. ``This is a very exciting time for us. We increased our revenues 95% from 2006, we had our most profitable year ever and we established new brands. With the SOYO and Le Vello brands selling well, the reception our products received at CES in January and the launch of the Honeywell Brand of Consumer Electronics products, 2008 is already off to a great start, and is poised to be an even better year. Our entire team worked very hard to make 2007 a successful year for us, and we are all very pleased with these record financial results.''
The company will guide for at least $140M revenues and at least $5M net income in 2008 during the CC this afternoon.
...On March 18, 2008 SOYO CEO Ming Chok said:
.."I wanted to announce these projections sooner, ...but we are still working on extending our bank financing..."
.." Our biggest limitation as a Company has been that we have grown so quickly that we reached our maximum credit lines for buying products from our suppliers. We are still working on new credit facilities, but regardless of whether or not we can expand our credit, I am confident that we can reach $140,000,000 in revenues and earn a net profit of $5,000,000 in 2008"
.." The Company expects to see significant growth in its SOYO and Prive brands, and a new revenue stream with the introduction of the Honeywell Consumer Electronics product line."
- In 2007 SOYO entered into an exclusive long-term license agreement with Honeywell to manufacture LCD HDTVs and a full line of consumer electronic products bearing the Honeywell brand name.
SOYO will launch the Honeywell LCD HDTVs in the 3rd or 4th Quarter of 2008 per company comments. More clarity about this on Monday's earnings release/CC
This is the initial Honeywell line that SOYO plans to launch this year:
* Honeywell Altura™ LCD full HD TV's with sizes ranging from 42" to 82"
* Honeywell Arius™ LCD Monitors from 19" to 24"
* Honeywell SecuraDrive™1.8 inch Portable Storage in 80GB to 160GB Capacities
* Honeywell Airlite™ 700 Bluetooth Headsets
- SOYO is well positioned to take advantage of the conversion to all-digital broadcasting scheduled for February 2009. SOYO's least expensive, well-reviewed LCD HDTVs start in the low $400's.
SOYO $ 0.9...RECORD EARNINGS on 3/31...CEO BUYS 1.5M SHARES AT $1.25 also 3/31....HONEYWELL LCD HDTVs WILLL BE LAUNCHED IN MAY 2008 .....12 PE....90%+ PROFITABLE GROWTH
On 3/31/08 SOYO, an up and coming LCD HDTV maker, reported $110M in 2007 revenues up 95% from the $56M reported in 2006. Net income increased to $3.4M or 6c/share compared to 1c/share in 2006.
3/31/08 4Q and FY 2007 earnings release notes:
``2007 was the best year in SOYO's history, with record numbers across the board,'' Ming Chok, CEO of SOYO said.
"This is a very exciting time for us. We increased our revenues 95% from 2006, we had our most profitable year ever.... ." 2008 is already off to a great start, and is poised to be an even better year."
"Our entire team worked very hard to make 2007 a successful year for us, and we are all very pleased with these record financial results."
Also on March 31, 2008, Ming Tung Chok, the president and CEO of SOYO announced that he and his wife, Nancy Chu, Chief Financial Officer of the Company today purchased 776,000 shares of the Company's common stock from the Company in a private placement at a price of $1.25 per share.
Mr. Chok further announced his plans to purchase another 750,000 shares of the Company's common stock in a private placement during April 2008 at a price of $1.25 per share.
3/31/08 CC notes:
- Gave guidance for 2008. " At least $140M in revenues and at Least $5M in net income"... assuming no extension on their existing credit limit.
- Non-dilutive financing will be announced soon. Management is not interested in dilutive financing despite many offers to that effect.
- The new Honeywell line of LCD HDTVs ranging from 47" to 82" will be launched in May - June 2008.
- Honeywell LCD HDTVs will be sold at large retailers (Fry's, others) and some of the other avenues they currently use (OSTK, etc)
- The company opted for not selling SOYO HDTVs at WalMart USA. SOYO has had huge success with WalMart Canada where they sell SOYO's Prive brand of LCD TVs. SOYO made the decision not to have to have to depend on a dominant outlet for their products.
- Several new model smaller LCD HDTVs (to 22')and larger monitors (up to 26") will be launched in upcoming days, weeks to address niche mnarkets
- SOYO is prepared to take advantage of the shift to all-digital broadcasting in February 2009. Exec commented that while larger companies take forver to make a decision, SOYO being very lean and focused can roll out products a lot quicker.
- Sales in Mexico are expected to grow significantly
- Currently on a major campaign to attract Hispanic buyers in the US. A virtually untapped segment of the population.
- Company officials do not want to resort to a reverse split to get to the minimum $2 share price that AMEX requires for initial listing. They believe that by systematically executing their business plan they will get there soon. They said that they already met all the other AMEX requirements is response to a question from one of the callers.
SOYO will announce record 1Q 2008 earnings next week. I expect 100% revenues and net income growth and an update on the Honeywell line of LCD HDTVs
SOYO's analyst has high expectations for 2008 and beyond. His new revenue target for 2008 is $166M....which is consistent with CEO's projection of " at least $140M revenues." He dropped his net income projection for 2008 to 11c/share, which is 90% higher than 2007. His new target is $2. And that does not even assume a trip to the AMEX.
http://www.duttonassociates.com/research/soyo/notes/soyo_note_040408.pdf (http://www.duttonassociates.com/research/soyo/notes/soyo_note_040408.pdf)
According to IR 1Q 2008 earnings will be announced in about 2 weeks. I expect the following:
- $30M - $35M revenues vs. $14.6M in 1Q 2007
- $700K - $1M net income vs. $460K in 1Q 2007
- Update on the May- June launch of the Honeywell line of LCDs and other consumer electronics products.
- Reiterate that the CREO purchased another 760,000 shares at $1.25
.....not bad for a 77c stock with a 8 forward PE and a 0.4 PEG tading at 0.3 times sales
This from Yahoo. The poster is 100% bright:
" To me this is like Christmas in April (being able to load up at 70c thanks to MMs games). The CEO and his wife paid $1.25/share for 1.5M shares on March 31, 2008....adding to their over 20M shares. Where else do you see insiders buying at a 40% premium over the price at the time they bought those shares??.....No where.
Hold your shares for a year and they will be worth over $3. I know I am.
This is great news for SOYO:
[COLOR="Blue"]Corning Upbeat on LCD TV Market04/24/08 - 02:02 PM EDT[/COLOR]
Shares of Corning (GLW - Cramer's Take - Stockpickr) got a boost after the company's CEO said its model for the LCD TV market may be too conservative.
CEO Wendell Weeks, speaking at the company's annual meeting Thursday, observed that the LCD TV market appears to have grown faster than Corning predicted. He pointed out several trends that indicate an increase in demand could come, including a swifter-than-expected replacement of traditional cathode-ray technology with LCDs and a pickup in the number of TVs per household.
http://www.thestreet.com/_yahoo/newsanalysis/techtelecom/10413644.html?cm_ven=YAHOO&cm_cat=FREE&cm_ite=NA
CHRISTMAS IN APRIL.....BUY SOYO UNDER 80c ...5 BAGGER WITHIN 12 MONTHS IMO
SOYO WILL REPORT A BLOCKBUSTER 1Q 2008SHORTLY..... WILL LAUNCH HONEYWELL LCD HDTVs IN MAY 2008.....CORNING SAYS LCD TV MARKET HOTTER THAN EXPECTED.
- SOYO with a $38M market cap is expected to report record 1Q 2008 earnings in less than 2 weeks. Expectations are for over 100% revenue growth to over $30M, and net income of almost $1M.
- On 3/31/08 SOYO reported a record $110M in 2007 revenues up 95% from the $56M reported in 2006. Net income increased to $3.4M or 6c/share compared to 1c/share in 2006.
- Guidance for 2008. " At least $140M in revenues and at Least $5M in net income" Guidance was given March 31, 2008
- SOYO's CEO and CFO each bought 750,000 shares at $1.25 on 3/31, a 50% premium at the time. Together they now own 24M shares or over 50% of SOYO's outstanding shares.
- SOYO is a profitable and fast-growing US-based HDTV and consumer electronics manufacturer.
- On April 24 Corning's CEO Wendell Weeks said that the LCD TV market has grown faster than Corning predicted thanks to a swifter-than-expected replacement of traditional cathode-ray technology with LCDs and a pickup in the number of TVs per household
- SOYO has a multi-year deal with Honeywell to design/manufacture HDTVs and other consumer electronics products. The new Honeywell line of LCD HDTVs ranging from 47" to 82" will be launched in May - June 2008.
- SOYO has met with AMEX officials and meets all the requirements to be listed on the Exchange, except for share price. The Company plans to list on the AMEX later this year. Company officials expect to get to the $2 AMEX requirement without having to resort to a reverse split.
- SOYO is gaining market share from bigger names with its SOYO brand of high-quality HDTVs and its Prive HDTV brand sold exclusively at WalMart Canada.
- SOYO is prepared to take advantage of the shift to all-digital broadcasting in February 2009. It has recently launched several inexpensive SOYO brand HDTV to attract buyers who would likely replace their analog sets for HDTVs
- Sales in Mexico and Latin America are expected to grow significantly
- SOYO has launched a major campaign to attract Hispanic buyers in the US.... a virtually untapped segment of the population.
About SOYO Inc.
SOYO Inc. is an innovative provider of consumer electronics such as LCD Monitors, LCD Televisions, Bluetooth, Portable Storage, LCD Furniture and broadband telecommunications products and services. Headquartered in Ontario, California, with additional sales offices in South America, SOYO sells its products through an extensive network of authorized distributors, resellers, system integrators, VARs, retailers, mail-order catalogs and e-tailers. 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 (http://www.soyo.com). For information on the Honeywell Consumer Electronics product lines, please visit http://www.honeywellce.com (http://www.honeywellce.com).[/SIZE][/FONT][/SIZE][/FONT][/SIZE][/SIZE]
Does that mean that I would have a May Christmas if I buy now ahead of earnings next week?
At 72c the downside seems minimal for a company trading at a 5 forward PE, 0.2 PEG, and 0.25 P/S with strong insider support. And should I add that they will launch the Honeywell line of HDTV shortly?
OK. I guess I convinced my self ;D
New company presentation (April 4, 2008). Take a look at the phenomenal revenue and net income growth charts
http://www.soyo.com/uploads/downloads/SOYO%20Investor%20Presentation%20Updated%204-1-08.pdf
SOYO to Release 2008 First Quarter Financial Results On May 15, 2008
Tuesday May 13, 9:30 am ET
SOYO Will Also Hold a Shareholder Conference Call On the Same Date
ONTARIO, Calif., May 13, 2008 (PRIME NEWSWIRE) -- SOYO Inc. (OTC BB:SOYO.OB - News), an innovative provider of computer and consumer electronics products, today announced that it will release 2008 first quarter financial results on May 15, 2008. SOYO will also hold a conference call for its shareholders on that date to discuss the first quarter results, answer any shareholder questions regarding the 10-Q filing and update 2008 guidance.
Details for the call are as follows:
Date/Time: Thursday, May 15, 2008 3pm Pacific (6pm Eastern)
U.S./Canada Toll-Free Call-in Number: (866) 830-4434
International Toll-Free Call-in Number: (706) 679-4957
Pass code: # 47478573
It is recommended that participants call in approximately five to ten minutes prior to the beginning of the call. The call will be recorded and posted on SOYO's website at http://www.soyo.com/content/downloads/155/&download_category=Investor+Conference+Call&back.
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 http://www.honeywellce.com.
SOYO, a US-based LCD HDTV manufacturer, is starting to move up ahead of record earnings tomorrow. SOYO will rally well above $1 with earnings and the announcement of the official launch of the Honeywell line of HDTVs and consumer electronic products.
A recent research note predicts 18c/share net income for next year and revenue of $220M or 8 times today's market cap. SOYO recorded $110M in revenues or 100% growth in 2007 and earned 6c/share net income.
http://www.duttonassociates.com/research/soyo/notes/soyo_note_040408.pdf
The CEO bought 1.5M shares at $1.25 last month in a private placement to add to his over 20M shares or about 55% of the O/S shares. He paid 50% over the going rate. He did so to help launch the Honeywell line next month.
SOYO could breakout today. It has been moving up everyday ahead of earnings tomorrow.
Once the 75c wall is broken SOYO will jump to the mid 80s
SOYO is on fire ahead of earnings AH today. Last trade 87c. I expect that will raise the guidance for 2008 ( notice the last sentence). The current guidance is already strong with 40% revenue growth and 100% net income growth
Why else you they say this in the earnings date announcement:
Swill will release 2008 first quarter financial results on May 15, 2OYO 008. SOYO will also hold a conference call for its shareholders on that date to discuss the first quarter results, answer any shareholder questions regarding the 10-Q filing and update 2008 guidance.
The main reason why SOYO went down after earnings is because it reported about $25M and the dumb analyst covering the stock estimated $36M. On the surface it looks like a major miss but in reality it is not. The analyst obviously just divided the previous $140M guidance by 4 and distributed the revenue evenly every quarter.
There are very few companies that are raising guidance in this economy and SOYO is one of them.
I hope the company releases a PR detailing the guidance as it did during the CC. If that happens all bets are off and SOYO will make a significant jump.
Once the street knows about the significant and steady growth planned for the next few quarters the stock will enjoy steady gains as it should.
SOYO Updates Financial Guidance for Fiscal Year 2008
Monday May 19, 9:30 am ET
ONTARIO, Calif., May 19, 2008 (PRIME NEWSWIRE) -- SOYO Inc. (OTC BB:SOYO.OB - News) today announced its updated financial guidance for fiscal year 2008.
Previously, projections for the year 2008 were top line revenue of $140,000,000, and net income of $5-6 million, or approximately 11 cents per share.
In the conference call held May 15, 2008, the Company released projections on a quarter by quarter basis. First quarter financial results were in line with the Company's internal projections of $25 million in net revenue, and $.01 per share. For the second quarter, the Company is projecting net revenues of $33 million and EPS of $.02. For the third quarter we are projecting net revenues of $37 million and EPS of $.04. For the fourth quarter we are projecting net revenues of $50 million and EPS of $.05.
The Company's 2008 top line revenue projections are $140 million-$145 million. The Company's 2008 net income projections are $5 million-$6 million or $.11-$.12 per share.
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 http://www.honeywellce.com.
bought...5000....shares... ;D ;D ;D ;D ;D ;D ;D ;D ;D ;D ;D ;D ;D...looks...like...a..no..brainer....
It is a no brainer but you have to have patience. If you can hold until about December you could make $1 on every share. That would be a nice Christmas gift. Don't you think so?
SOYO is starting to launch Honeywell's line of consumer products:
SOYO Announces the Honeywell Airlite 700 Bluetooth Headset is Now Available At Micro Center Stores
http://biz.yahoo.com/pz/080520/143091.html
The SOYO Honeywell Airlite 700 Bluetooth Headset Given the 'Great Pick' Award in Its First Independent Third-Party Review
http://biz.yahoo.com/pz/080521/143207.html
The big boost will come when SOYO announces that the Honeywell LCD HDTVs have hit the market.
Nice review of Soyo DYLM2284 22" (21.6" Viewable) Widescreen LCD Monitor
http://www.youtube.com/watch?v=j_1BTRl5QkI
Looks like this has bottomed around 68c. With those fundamentals and the fact that LCD HDTVs are selling like hot cakes according to Corning, SOYO should be a $3 stock now
::)
don't....forget....soyo...... ;D ;D ;D ;D ;D
Target $3+... $140M Revenues, $36M market cap, 12 c/share 2008 net income, huge insider buying/holdings, makes Honeywell consumer electronics, will move to the NASDAQ or AMEX later this year.
SOYO is introducing new products at a record pace including the first Honeywell consumer electronics products like LCD monitors and Bluetooth. The company expects to launch the Honeywell line of LCD HDTVs ranging from 47" to 82." Honeywell product reviews are excellent.
- June 5, 2008.......SOYO Announces the Honeywell Arius 19-inch and 22-inch LCD Monitors Now in Stock and Shipping:
http://biz.yahoo.com/pz/080605/144122.html
- June 4, 2008......SOYO's First Smaller Sized LCD HDTV Now Available for Purchase
http://biz.yahoo.com/pz/080604/144011.html
- May 21, 2008 .......The SOYO Honeywell Airlite 700 Bluetooth Headset Given the 'Great Pick' Award in Its First Independent Third-Party Review
http://biz.yahoo.com/pz/080521/143207.html
- May 20, 2008 .....SOYO Announces the Honeywell Airlite 700 Bluetooth Headset is Now Available At Micro Center Stores
http://biz.yahoo.com/pz/080520/143091.html
---- Here is the link for all company news:
http://finance.yahoo.com/q/h?s=SOYO.OB
SOYO, a US-based HDTV maker, reported May 15, 2008 $24.8M in revenues for 1Q 2008 up 69% from $14.7M in 1Q 2007 and 1c/share net income. Guidance calls for revenues and net income growth each of the next 3 quartersr. They expect revenues of $145M and 12c/share for 2008.
SOYO plans to launch the Honeywell line of LCD HDTVs in July 2008. The sets will range from 47" to 82". SOYO has a multi-year license with Honeywell to design, manufacture, and market a complete line of Honeywell consumer electronics products. The company already launched LCD computer monitors and Bluetooths under the Honeywell brand name. The company continues to grow its SOYO brand of HDTVs and its Prive brand sold exclusively at WalMart Canada.
GUIDANCE FOR THE REST OF 2008.
Instead of giving yearly guidance as he has so far, CEO Chok decided to provide quarter to quarter guidance. This is actually better for investors and analysts and removes the guessing game.
Unlike most companies guiding lower, SOYO continues its remarkable positive growth in both revenues and net income.
- For 2Q 2008 guidance calls for revenues of $32M and 2c/share net income.
- 3Q revenues of $37M and 4c/share
- 4Q revenues of $50M and 5c/share net income
The total net revenue for 2008 is expected to be $148M while net income is expected at 12c/share.
This assumes that the company does not succeed increasing its credit limit. However, the CEO is optimistic that they will increase their borrowing power and therefore revenue and net income will increase substantially. The CEO said that he expects announcements regarding financing in the near future.
Regarding the Honeywell rollout it is already under way with them receiving the SecuraDrive and monitors as well as Bluetooths in their warehouse. SOYO will start distributing Honeywell HDTVs in July starting with smaller units followed by the larger units in time for the holidays. This is the reason why the revenues will jump in 4Q 2008. SOYO has a multi-year license from Honeywell to develop an entire line of consumer electronics products including LCD HDTVs ranging from 47" to 82", LCD monitors, portable drives, wireless products, etc.
The company needs to get approval from Honeywell to issue PRs regarding who will carry the Honeywell brand. But he expects to do so shortly.
SOYO continues to grow at an accelerated and controlled pace. The CEO owns over 50% of the O/S shares and he expressed many times before that he will not mortgage the company's future for short-term gains. In fact, CEO Chok purchased 1.5M shares last month at $1.25/share when the stock was trading at $1.25. He did so to help improve the company balance sheet.
In summary, SOYO is extremely undervalued trading at a 5 forward PE, a 0.2 PEG,and a 0.25 P/S. Once the company moves to a higher exchange it will easily trade in the $5+ range.
NEWS JUST OUT!!
Press Release Source: SOYO Group Inc.
Dutton Associates Announces Investment Opinion: SOYO Group Rated Strong Speculative Buy in Update Report by Dutton Associates
Friday June 13, 1:00 pm ET
ROSEVILLE, Calif.--(BUSINESS WIRE)--Dutton Associates updates its coverage of SOYO Group Inc. (OTCBB: SOYO - News), reiterating its Strong Speculative Buy rating and 12-month price target of $2.00.
The 14-page report by Dutton Associates senior analyst Paul J. Resnik, CFA, is available at www.jmdutton.com as well as from First Call, Bloomberg, Zacks, Reuters, and Knobias and other leading financial portals.
SOYO has proven its ability to source and successfully distribute quality consumer electronics products using its own brand names, SOYO and Prive. Its products are now sold at major retailers and through Web sites throughout the United States, Canada and Latin America.
The Company achieved a 95% gain in revenues in 2007 and moved from marginal profitability, posting a seven-fold increase in net income available to common shareholders. SOYO earned fully diluted earnings per share of $0.06 in 2007 (versus $0.01 in 2006).
The Company has now begun the roll-out of a top-tier product line under the Honeywell brand name that we believe will support sustainable growth, profitability, and greater visibility for the Company.
About Dutton Associates
Dutton Associates is one of the largest independent investment research firms in the U.S. Its 27 senior analysts are primarily CFAs, and have expertise in many industries. Dutton Associates provides continuing analyst coverage of 110 enrolled companies, and its research, estimates, and ratings are carried in all the major databases serving institutions and online investors.
The current cost of enrollment in our one-year continuing research program is US $35,000 prepaid for 4 Research Reports, typically published quarterly, and requisite Research Notes. Dutton Associates received $35,000 from the Company for 4 Research Reports with coverage commencing on 1/7/08. The Firm does not accept any equity compensation. Our principals and analysts are prohibited from owning or trading in securities of covered companies. The views expressed in this research report accurately reflect the analyst's personal views about the subject securities or issuer. Neither the analyst's compensation nor the compensation received by us is in any way related to the specific ratings or views contained in this research report or note. Please read full disclosures and analyst background at www.jmdutton.com
CORNING BULLISH ABOUT LCD HDTV SALES ...SEES EXPONENTIAL GROWTH IN 2008 and 2009 DESPITE A WEAK ECONOMY
(June 13, 2008)
Corning sees the worldwide LCD TV market heading towards significant growth through 2009 despite the weak economy in the US, according to Alan T Eusden, president of Corning Display Technologies Taiwan.
Corning predicts worldwide LCD TV shipments will reach 105 million units in 2008 and 132 million units in 2009, Eusden revealed. The impact of the economic downturn on the LCD TV market remains insignificant, he added.
He predicts the worldwide LCD TV penetration rate to rise to 50% in 2008 and 60% in 2009, compared to 38% in 2007.
According to the Corning executive, the compound annual growth rate (CAGR) for the worldwide glass substrate market from 2007-2009 is expected to be 25%, chiefly driven by the LCD TV segment. The CAGR will be 3% for 5G-and-below glass substrates during the period, 23% for 6-7G ones and 158% for 8G-and-above.
For 2008, demand for LCD-use glass substrates will grow 25-30% to a total area of 2.2 billion square feet, Eusden said.
While Taiwan LCD panel makers are migrating towards 10G or above production, Corning currently has no further plans to expand its facilities in Taiwan in line with the migration, he said.
Corning in February 2008 approved an investment budget of US$453 million to expand its facilities in Taichung, Taiwan. The company said the additional capacity would enable greater manufacturing capabilities for a range of large-size substrates, including 8G ones
Source: http://www.jmdutton.com/research/soyo/reports/soyo_report_061308.pdf
During its May 15 conference call discussing first quarter results, management provided information regarding the roll-out of the Honeywell product line.
While some monitors have arrived in the warehouse, the 24-inch LCD monitors and the 42-inch and 47-inch LCD TVs are not expected to arrive until the third quarter. Larger LCD TVs up to the gigantic 82" sets are expected in the fourth quarter.
On April 15, SOYO announced that the Honeywell Arius™ LCD Monitor had received its first independent third-party review from Mr. Aron Schatz at ASE Labs. The review lists the Honeywell Airus™ LCD Monitor as "the all-in-one business solution," and praises the monitor's built-in Web camera and three-year manufacturer's warranty.
Mr. Schatz was also impressed with the display's ultra-fast response time which tested well during video and gaming tests. Mr.Schatz concluded that "At $400, I would consider this a good monitor for a business that needs an all-in-one solution...Bottom line; Businesses are getting a good monitor from an excellent company and the home user is getting a good monitor with great response time and great features."
On May 21, SOYO announced that the Honeywell Airlite™ 700 Bluetooth Headset had received its first independent third-party review from Mr. Reynolds at 3dgameman. The Airlite™ 700 received the "Great Pick" Award and was praised for its great range, long talk and standby times, and clear reception as well as its small and lightweight design. The review states, "The Honeywell Airlite™ 700 Wireless Bluetooth Headset performs admirable well. If you require a wireless Bluetooth headset that has great range, battery life and speaker/microphone clarity, I recommend you check this product out. As a matter of fact, this headset is so comfortable, tiny and lightweight you'll forget you're even wearing it."
The MSRP for the Honeywell Airlite™ 700 is $79.99. It is currently available through Micro Center stores and http://www.honeywellce.com.
Hey VV. Thank you for the info. Looks like SOYO is ready to roll like it did last year. I will be adding today.
Big buys coming in...no one selling at these prices. Up 10c today. Last year's rally tp $1.8+ started this way.....the only difference is that the company has twice the revenues and 3 times the net income it did then.
SOYO has begun the roll-out of the Honeywell line of consumer electronics products. The Company expects to make a selective roll-out to big-box retailers.
So far, SOYO has launched the The Honeywell SecuraDrive™ USB 1.8 inch hard drive, The Honeywell Arius™ monitors (24-inch, 22-inch, and 19-inch), and its Honeywell Airlite™ 700 Bluetooth Headset.
The 22-inch-wide LCD monitor features three USB ports as well as a built-in 1.3 mega pixel webcam and built-in microphone.
The smaller LCD HDTVs will be launched in July 2008 followed by the larger sets (from 47" - 82") in the 4th Quarter.
The company has guided for increasing revenues and net income every quarter starting with 2Q 2008 ending July 2008. The last 2 quarters will benefit from the rollout of the HDTVs.
For 2008, SOYO expects a 35% revenue growth to $145M and net income of 12c/share based on 54M fully diluted shares. The current market cap is only $33M.
SOYO $0.68...Breakout alert...inching up after building a solid base in the low 60's. This reminds me of last year when it went from 30c to $1.8 in a couple of months. The big difference is that SOYO is now profitable with realistic significant growth potential.
The company is in many value investors' radars now. Once they make an official announcement about the Honeywll LCD HDTV launch and this puppy will explode to $1+ in a hurry. After that, strong sequential and y/y earnings as guided will fuel sustained pps growth.
The Honeywell license cover a large number of consumer electronics products as discussed below. The CEO recently bought 1.5M shares at $1.25. He now owns over 50% of the company.
The complete list of Honeywell-named products that SOYO is allowed to design/manufacture/market is as follows:
LCD monitors and televisions, front and rear projectors, home audio and video DVD equipment (receivers, AMPS, tuners, VHS recorders, DVD players and recorders, clock radios, bookshelf systems, speakers, and audio intercoms),portable audio/video DVD equipment (boom boxes, portable CD/DVD players, MP3, MPEG, camcorders, and digital recorders), and accessories for television monitors and audio-visual products (cables, surge protectors, Bluetooth, antennas, headphones—wireless and wired, remote controls, and multimedia speakers), IPOD and PC accessories (including portable hard drives and flash drives), wall mounts, set-top boxes, and PC embedded boxes.
The "Honeywell" brand will be the Company's high-end line; it will initially include LCD monitors, LCD HDTVs and portable storage devices. The monitors will include a 19-inch monitor that features four independent USB ports, and 22-inch and 24-inch monitors that feature three independent USB ports, a built-in webcam, and a built-in microphone.
Honeywell LCD full 1080P HDTVs, to be released in 2008, will include models ranging from 42 inches to 82 inches. They will be designed to compete with LG, Samsung, and Sony, with similar technology and a slightly better price tag (perhaps 5%-8% below the competition).
The Company expects to make a selective roll-out to big-box retailers, as well as through some of its existing channels and at the enterprise level.
Significant profitable growth ahead....5 forward PE...0.25 P/S....0.3 PEG
For 2008, SOYO expects a 35% revenue growth to $145M and net income of 12c/share based on 54M fully diluted shares. The current market cap is only $33M. This was revealed in the company's recent guidance for 2Q, 3Q, and 4Q 2008,
http://biz.yahoo.com/pz/080519/142959.html
..... and confirmed by the following independent research report:
http://www.jmdutton.com/research/soyo/reports/soyo_report_061308.pdf
The company has guided for increasing revenues and net income every quarter starting with 2Q 2008 ending June 30. The last 2 quarters will benefit from the roll-out of the HDTVs.
SOYO is starting to click on all cylinders:
The Honeywell consumer electronics roll-out is already under way....the HDTVs will hit store shelves in Julyare next.. Last year SOYO exploded from 30c to $1.8+ when the Honeywell deal was announced. Today the company is profitable and a lot stronger fundamentally.
SOYO multi-year license with Honeywell covers a wide array of consumer products from IPOD and PC auxiliaries to LCD HDTVs ranging from 32" - 82". For the moment, the company is focusing on the most profitable opportunities and those in which he has established core competencies (LCD HDTVs, LCD displays, external/internal drives/storage, and Bluetooth devices).
SOYO has covered all its bases..It will have the high-end Honeywell TVs...but it also has a wide array of inexpensive high quality SOYO HDTVs from 20" to 47". SOYO also has the WalMart Canada Prive LCD brand. Over 50% of its revenues come from LCD monitors and that keeps growing. Less than 20% comes from drives, Bluetooth, storage devices, and the high-margin LeVello TV furniture
So far, SOYO has launched the The Honeywell SecuraDrive™ USB 1.8 inch hard drive, The Honeywell Arius™ monitors (24-inch, 22-inch, and 19-inch), and its Honeywell Airlite™ 700 Bluetooth Headset.
The 22-inch-wide LCD monitor features three USB ports as well as a built-in 1.3 mega pixel webcam and built-in microphone.
The smaller LCD HDTVs will be launched in July 2008 followed by the larger sets (from 47" - 82") in the 4th Quarter.
Honeywell LCD full 1080P HDTVs, to be released in 2008, will include models ranging from 42 inches to 82 inches. They will be designed to compete with LG, Samsung, and Sony, with similar technology and a slightly better price tag (perhaps 5%-8% below the competition).
The Company expects to make a selective roll-out to big-box retailers, as well as through some of its existing channels and at the enterprise level.
For those of you owning, or looking into owning this stock.
The VP of marketing (Ed O'Brien) returned my call early this week. Company execs are very bullish about the present and future of SOYO. With almost a week left in the quarter they've already met their guidance for the quarter. His words " we have this quarter in the bag." This is the official guidance for the rest of year starting with 2Q 2008 ending 6/30/2008:
http://biz.yahoo.com/pz/080519/142959.html
He also said that they fired Ashton Giardine the IR lady (subsequently she went back to school). His words " we don't need someone on training wheels" to run that department. They are interviewing for a heavyweight PR company to get the word out. The last thing he said is that they moved the annual meeting from July 4 to August 4 to coincide with the release of 1Q 2008 earnings release. The meeting will be held in a nice venue close to the Ontario, CA airport. I will be there. How do I know all that??? I called. Most investors are too lazy to call, or are afraid to ask questions. If you don't believe what I've said called the company yourself (909-292-2500) Leave a message if you get a recording. They will return your call usually the same day.
Interesting exchange about the new proxy calling for an increase in Authorized shares from 75M to 200M. It looks like some posters think that this is an automatic dilution but they fail to make a difference between AUTHORIZED SHARES and OUTSTANDING SHARES.
Here is a poster's take:
I am not concerned about what the company is asking for. I spoke with the CEO and he said that they do that from time to time. They need to have the flexibility to grow. He said that there might be opportunities out there to acquire companies on cents on a dollar that provide synergistic opportunities to keep growing profitably. If they wanted to dilute they would have done it already. They still have 22M of authorized shares over and above the 53M fully-diluted outstanding shares.
Just look at the track record of management, they have had controlled growth since inception. The CEO and his wife CFO own 49% of the company. They have added 1.5M in early April and paid $1.25/share when the price was 75c/share to get to where they are to ensure the approval of the proposals.
You will notice that they've returned 1.2M shares to the company in 2007 stock options. The latest filing says "Both Mr. Chok and Ms. Chu forfeited and returned the 1.2 million in stock options to the Company in 2007."
They do that to minimize dilution and to show shareholders that they care. They are the largest shareholders and they see great things for the company down the road. This company is for real investors and not for small uneducated and lazy traders.
If you look at the history of the company, you will realize that it has been ran ethically and responsible from day 1. The CEO/CFO are committed to improving shareholder value and they have vested interest that that happens.....because they collectively own
25,985,548 shares. Enough reasons to do what is best for the company long-term.
They don't envision making any acquisitions in the foreseeable future and therefore they do not anticipate any short-term dilution. That's why the guidance has not been revised.
You guys make it sound that this is new. You should read the filings more often. The first notice of proxy came out in early June. There they mentioned that the board of directors advised to take these measures during their meeting in early May or soon after the CEO just paid $1.25/share for 1.5M shares.
SOYO will be a multi-billion dollar company in a couple of years and I intend to stay here to reap the benefits of my investment.
Below is Mr. Ed O'Brien (SOYO's VP of Marketing) response to a poster's concerns about the new proxy and other matters. Notice his take on the Honeywell Altura HDTVs and the financing they are working on. He emphasizes working hard to meet their quartely projections. BTW, someone mentioned earlier that SOYO met its 2Q 2008 guidance about one week before the end of the quarter.
Hi Jeff,
The direct answer to your question is no. It is very puzzling to many of us, why the stock price drops when we deliver great news and continuously hit our goals? This is also very disconcerting to us. We have a very strong management team with a good plan, and we continue to work our plan. We have not been distracted, and continue to deliver results quarter after quarter. There is one insider who has been trading and that was two purchases, our CEO Ming Chok (http://www.sec.gov/Archives/edgar/data/1108955/000101054908000260/xslF345X02/soyo4chu040108_ex.xml (http://www.sec.gov/Archives/edgar/data/1108955/000101054908000260/xslF345X02/soyo4chu040108_ex.xml)
http://www.sec.gov/Archives/edgar/data/1108955/000101054908000258/xslF345X02/soyo4chok040108_ex.xml (http://www.sec.gov/Archives/edgar/data/1108955/000101054908000258/xslF345X02/soyo4chok040108_ex.xml) on 4-2-2008 filed 2 form 4'a for the purchase of 1.5 million shares at $1.25 per share.
SOYO's fundamentals are solid, there are no issues we are all working very hard and very busy doing what it takes to continue to meeting our current goals and objectives in 2008.
The Honeywell Altura TV's are on schedule and will be available soon.
The additional shares SOYO is asking for are for the Employee Stock Option Plan not executive compensation. We will need these shares in the future as we continue to grow and hire more employees and industry professionals.
We continue to work our plan and deliver on everything we have promised quarter after quarter, we also continue to work hard to increase our financing which has take a lot longer then we had anticipated, but considering what is going on in the market these days, and how difficult credit is to obtain, it should not be a surprise to any of our shareholders that finalizing and signing a deal is taking some time. The amount of due diligence lenders are doing is at 6 times what they where doing on similar deals even a year ago, and most commercial lenders in this space have pulled out of the market all together. We are continuing to make progress, and will have nothing else to say until we feel an announcement is warranted.
Ed O ' Brien
Director of Marketing
SOYO, Inc,
(A publicly traded company: OTCBB: SOYO)
1420 S. Vintage Ave,
Ontario, CA 91761
The response was addressing the statements made below and submitted to Soyo ' s contact form on the website ( http://www.soyo.com/content/Contact_Us/50 (http://www.soyo.com/content/Contact_Us/50))
Subject: Investor Relations: General
Name: Jeff Moore
Message:
Are you guys waiting for the stock to get to zero before you do anything to stop the bleeding? Who is selling at these prices? any insiders? What's wrong fundametally with this company? Is it time to throw in the towel for good? Where are the elusive Honeywell HDTVs? You are asking for more shares for executive compensation...what are the executives doing about increasing shareholder value??
Interesting exchange of opinions about the proposed increased in the Authorized Shares per the new proxy (from another board):
Originally Posted by XXXXX
Once again for the umteenth penny stock.... Why would they increase shares IF they are supposed to be making all this money? I do not buy any excuses for that crap. If they are going to be as profitable as they say they would NEVER dilute, ever.
Just reading that makes me want to run for the hills screaming LOL.
Response from YYYYY:
You are an idiot. Do you tink MSFT started with many billions of shares? When growth is ahead they need flexibility. I understand that they might consider acquiring some small profitable companies in the sector real cheap....perhaps to expand the Honeywell line of consumer electronic products beyond HDTVs, LCD monitors, portable storage, and Bluetooth These companies want to buy into the SOYO future and potential. These are just potential opportunities and nothing has materialized yet according to management. They also might do a 1 for 2 forward split. This way the majority owners CEO and CFO will still own 50% of the company. With some good news ahead....beating 2Q guidance....the Honeywell Altura HDTV launch this month...new financing...etc...the stock could double and then after the 1 to 2 forward split they do a 1 to 2 or 3 to R/S to get past the $2 AMEX requirement. Anyway you cut it you can make a killing buying at ythese prices. These guys are not dummies.
They've grown the OUTSTANDING SHARES very slowly since the company was founded. They still have 25M shares available even as of today because the AUTHORIZED SHARES are 75M.
Some rookie idiot investors like you confuse AUTHORIZED with OUTSTANDING. If the company increases the AUTHORIZED to 200M they will still have 54M OUSTANDING. Since they don't have any specific immediate dilution plans they have not adjusted the current guidance and the OUSTANDING shares and FLOAT will remain the same for the foreseeable future.
If you read the filings, the CEO and CFO are the biggest enemies against unnecessary dilution. THey have returned 1.2M shares in 2007 to the company coffers for options they were awarded for the year. They've also bought 1.5M shares at $1.25 2 months ago to help strenghten the balance sheet and to facilitate the financing they are working on. Two years ago they (CEO & CFO...husband and wife FYI) guaranteed a bank loan with $6M of their own money to enable growth into the LVD monitors and HDTVs...it's all in the filings. Name a CEO in any exchange that would show that type of committment to its company and its shareholders. There are none. What filings??..you may ask...I am sure you've never read any belonging to this stock... otherwise you would not be making those stupid blanket satements.
With BRLC about to bite dust forever, SOYO will be the only US-based public company making HDTVs. BTW, HDTVs is only about 40% of SOYO's revenues. About 50% is from LCD monitors where it has a major market share. About 10% comes from Bluetooth, portable storage, and TV furniture. I like the fact that SOYO is well diversified and profitable in every segment they are in. They don't get into money-losing businesses like BRLC did with Vivitar and LCOS.
I understand that they may want some shares to purchase small profitable companies in the LCD TV and other consumer electronics products. This is a buyer's market and they could buy complementary companies that would expand their Honeywell offerings beyond their 4 core competencies (LCD HDTVs, LCD monitors, Portable storage devices, and Bluetooth)
The complete list of Honeywell-named products that SOYO is allowed to design/manufacture/market is as follows (per their 6-year license agreement):
LCD monitors and televisions, front and rear projectors, home audio and video DVD equipment (receivers, AMPS, tuners, VHS recorders, DVD players and recorders, clock radios, bookshelf systems, speakers, and audio intercoms),portable audio/video DVD equipment (boom boxes, portable CD/DVD players, MP3, MPEG, camcorders, and digital recorders), and accessories for television monitors and audio-visual products (cables, surge protectors, Bluetooth, antennas, headphones—wireless and wired, remote controls, and multimedia speakers), IPOD and PC accessories (including portable hard drives and flash drives), wall mounts, set-top boxes, and PC embedded boxes.
Hey, who knows, in 3 - 5 years SOYO could be a mini Sony or an Emerson Electric, or a big Honeywell Division. These guys have a plan and they are executing it masterfully. The pps will take care of itself soon. I have patience, i will wait. In the mean time I will keep on accumulating at these levels.
You will be hearing more about Honeywell - SOYO....SOYO - Honeywell as the Honeywell Altura HDTVs are lunched this month. The smaller sets will be lauched first, followed by the larger ones including the giant 82'' in 4Q 2008. Even though SOYO has already launched Honeywell LCD monitors, portable storage drives, and Bluetooth, the real noise/visibility/name recognition will start when the HDTVs are finally on sale eirther at major electronics stores or at major on-line retailers. All the Honeywell product reviews so far have been stellar scoring at least 9 out of ten possible points.
Here is a detailed DD about the multi-year SOYO/Honeywell relationship. This relationship was established with a win-win-win in mind......the third win is for the shareholders:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=23858842 (http://investorshub.advfn.com/boards/read_msg.aspx?message_id=23858842)
SOYO isup 8% so far today. Looks like the trend will be up from here
Quote from: fairfield on July 05, 2008, 08:19:20 PM
You will be hearing more about Honeywell - SOYO....SOYO - Honeywell as the Honeywell Altura HDTVs are lunched this month. The smaller sets will be lauched first, followed by the larger ones including the giant 82'' in 4Q 2008. Even though SOYO has already launched Honeywell LCD monitors, portable storage drives, and Bluetooth, the real noise/visibility/name recognition will start when the HDTVs are finally on sale eirther at major electronics stores or at major on-line retailers. All the Honeywell product reviews so far have been stellar scoring at least 9 out of ten possible points.
Here is a detailed DD about the multi-year SOYO/Honeywell relationship. This relationship was established with a win-win-win in mind......the third win is for the shareholders:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=23858842 (http://investorshub.advfn.com/boards/read_msg.aspx?message_id=23858842)
For those of you interested in this stock, SOYO/Honeywell will make the largest HDTVs ecer....like this 82" with a resolution of 120,000:1!!
http://www.honeywellce.com/#Products/LCD-TV
With the BRLC BK filing tonight SOYO is now the only US-based public company in the HDTV sector.
It is truly sad to see so many people lose so much money with BRLC. I just don't understand how can anyone enjoy someone else's tragedy like those SOB shorts/bashers now gloating at the Yahoo BRLC message board.
SOYO $ 0.53 UPDATE...6/26 CEO SHAREHOLDER LETTER...HONEYWELL HDTVs ROLL OUT IN JULY 2008
SUMMARY:
4 forward PE....0.2 P/S....0.2 PEG....Only profitable US-based HDTV maker. Will start launching 42" - 82" Honeywell HDTV's in July 2008 per a multi-year Consumer Electronics' relationship
The SOYO - Honeywell relationship will become very visible this month as SOYO starts rolling out the new Honeywell Altura HDTVs with many Honeywell innovations that other top tier brands don't have. And because SOYO has a lean and efficient cost structure with strong ties to Taiwan supplier relationships they will be able to beat SONY's and other top tier prices by at least 10%. The long-term goal is to expand Honeywell HDTV and other consumer electronic products globally. The link below is an excellent background on the SOYO Honeywell relationship:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=23858842
The complete list of Honeywell-named products that SOYO is allowed to design/manufacture/market is as follows:
LCD monitors and televisions, front and rear projectors, home audio and video DVD equipment (receivers, AMPS, tuners, VHS recorders, DVD players and recorders, clock radios, bookshelf systems, speakers, and audio intercoms),portable audio/video DVD equipment (boom boxes, portable CD/DVD players, MP3, MPEG, camcorders, and digital recorders), and accessories for television monitors and audio-visual products (cables, surge protectors, Bluetooth, antennas, headphones—wireless and wired, remote controls, and multimedia speakers), IPOD and PC accessories (including portable hard drives and flash drives), wall mounts, set-top boxes, and PC embedded boxes.
The "Honeywell" brand will be the Company's high-end line; it will initially include LCD monitors, portable storage, Bluetooth, and LCD HDTVs.
The LCD monitors, portable storage devices, and Bluetooth have already been launched and the reviews are excellent. The monitors include a 19-inch monitor that features four independent USB ports, and 22-inch and 24-inch monitors that feature three independent USB ports, a built-in webcam, and a built-in microphone.
Honeywell LCD full 1080P HDTVs, to be released in July 2008, will include models ranging from 42 inches to 82 inches. They will be designed to compete with LG, Samsung, and Sony, with improved Honeywell technology and a slightly better price tag (perhaps 10% below the competition).
The Company expects to make a selective roll-out to big-box retailers, as well as through some of its existing channels and at the enterprise level.
6/26/08 SOYO CEO LETTER:
Dear Shareholders of SOYO Group, Inc.,I would like to take this opportunity to highlight our accomplishments in 2007 and giveyou an overview of our expectations for 2008.
2007 was the best year in ou r company's history. Our success was not only financial but also in the development of our future business. We completed 2007 with net revenue of $110,922,809, income from operations of $4,477,878 and net income of $3,315,544 or $.06 per share for the year. Our top line revenue increased 96% and our shareholders'equity also increased to $8.1 million as of December 31, 2007, the largest it has everbeen.
We accomplished this outstanding growth by increasing our customer base, eliminating those customers that were not profitable or were not a good fit for our 2007 sales strategy. We introduced our new Privé brand and increased the customer base for the SOYO brand. Privé brand for WalMart Canada was well accepted in the market place and accounted for $9.6 million of our overall revenues in 2007. We also developed and introduced the Le Vèllo Brand of Designer Home Theatre Furniture which started shipping in late June 2007, and has also been well received in the market place. The Le Véllo brand is a high margin product line which augments our television business continues to grow in 2008.
From a development stand-point, we had a very strong year in 2007 planning for the future, and we accomplished many things that will not show up with just a quick look at our financial statements. We spent the year developing the concept and strategy for the Honeywell Brand of Consumer Electronics products. Our entire team worked together to create unique product designs, high-end specifications and building product prototypes to meet Honeywell's Brand image. Additionally, we developed product series names, marketing materials, and a new trade show booth. By the end of the year, enough progress had been made that we were able to deliver the first Honeywell product, the SecuraDrive 1.8 inch external hard drive with password protection. The Airlite™ Bluetooth Headsets and the Arius™ Series LCD computer monitors are starting to ship to stores in the first half of 2008.
With all the new products we released in 2007, and with big plans to introduce the Honeywell Brand in stores in 2008, we also increased our web presence in order to promote the new lines. We launched several mini showcase web sites for our products, and also redesigned our company main website.
All of these steps have been taken with our ultimate goal in mind - to have our Company's common stock listed on the American Stock Exchange (the "AMEX"). We filed our initial application in December 2007, but currently do not qualify for listing due to our share price.
We started off 2008 strong, after exhibiting the Honeywell Brand of Consumer Electronics products at the annual Consumer Electronics Show (CES) in Las Vegas. This year marked the first time that SOYO had exhibited on the floor, and we really made a statement with our new two story trade show booth in the heart of Central Hall among several Tier One competitors. Our booth had a large volume of foot traffic during the show, and we had the opportunity to meet with all types of buyers and media from around the world.
We continued the Honeywell product roll out at Spring Retail Vision in Orlando, Florida in April 2008, where we met with retail and e-commerce buyers from North America and Latin America. We will hold our 2007 annual meeting on Monday, August 04, 2008 at 10:00am Pacific Standard Time (PST) at the Sheraton Ontario Airport Hotel, 429 N. Vineyard Avenue, Ontario, California 91764. We encourage all of our shareholders to attend our Annual Meeting and meet our Management Team, and hear about some of the exciting things we have coming up for the back half of 2008.
The first matter we are asking you to vote on is to increase the authorized shares of common stock from the current 75 million to 200 million. If we do get accepted to trade our shares on the AMEX, we will need to significantly increase our float, and plan to do this through some type of offering. We also need the flexibility if we find a target that we wish to acquire.
Second, we are asking you to vote to increase the number of shares available to theEmployee Stock Option Plan from the current 5 million to 15 million. We will need theseshares in the future as we continue to grow and hire more employees and industryprofessionals.
Finally, we are asking you to vote to extend each director's term of service for one year. All directors assist the Company on a day to day basis and are involved with future growth. We want to extend the term of their service until the next annual meeting, which will take place in 2009.
In closing, I want to thank you again for your support. I look forward to keeping you updated on our 2008 progress.
Respectfully,
Ming Chok
President and CEO
I believe that the stock has me down from about 70c to 50c since the filing of the preliminary proxy in early June. The company's intentions have obviously been misunderstood by some investors.They just read "increase in Authorized Shares from 75M to 200M" as immediate dilution. Little did they know that SOYO management is strongly agains unnecessary dilution. A testament to this is the fact that SOYO only has 54M Outstanding Shares in many years of being a public company. In fact, the CEO and CFO each returned 600,000 to the company after being awarded their 2007 options. Who in the world does that??
As the CEO says in his letter the shares might be needed for an opportunistic acquisition (cheap) of a profitable company in the sector and/or to conform with AMEX requirements once there. Reading between the lines they are doggedly focused in moving to the AMEX ASAP and they believe they will do so within a year....based on performance not reverse split as the CEO has clearly said in the last 2 Conference Calls.
With the BRLC demise SOYO could gain significant market share at the entry price point with its SOYO sets. I understand that they might be selling SOYOs and Honeywells at Sam's and WalMart. WalMart USA has been after them for a while based on the success of the SOYO-made Prive HDTVs for WalMart Canada.
Those waiting for lower prices will likely miss the boat.
SOYO and Honeywells at Sam's Club and WalMart?? Is that because of the posible Olevia void? Should make some noise when an official announcement is made
Important e-mail from SOYO..... it's a must read for SOYO shareholders.
I sent an e-amail to SOYO last week with questions that most SOYO investors might be interested in.
Here is the response from Mr. Ed O'Brien VP of Marketing to an e-mail of mine:
Dear Mr. Tung,
Thanks for your email.
I am sorry to be responding so late to your email, I was out of the office on Thursday July 3rd.
First I would like to thank you for your support, it nice to have long term savvy investor like yourself onboard. I will respond to each of your questions to the best of my knowledge:
We have not had a shareholder ' s letter from our CEO for a long time. I believe we need reassurances now more than ever before because the status of the market in general and to educate the unsophisticated OTCBB investors on the company ' s current and future direction. Price support is sorely needed. I am doing my best to prevent further price erosion but the company must take initiatives to support the share price.
Answer: I (we) agree and the share holder letter is in the works.
Here are some ideas:
1) An updated shareholder letter highlighting the following...
-- An insight as to why an increase in the Authorized Shares is being sought.
Answer: We addressed this in the Proxy, but need to do a better job explaining to the unsophisticated investors the difference between authorized shares and outstanding shares and why they needed.
-- An statement that there is no intention of immediately increasing the number of Outstanding Shares and therefore dilution.
Answer: Yes, agree. We do not have any intension of dilution.
-- An statement that the increase in Authorized Shares is merely an action that must be taken from time to provide the company with the flexibility it needs to continue growing profitably (question here: does the company need 200M shares right now? Could we increase some this year and some next year when the company is in better shape in terms of pps?)
Answer: This has been discussed at length and the company feels that doing just once increase would be better then getting bashed about increasing shares for 2 or 3 years.
-- An statement that the company is searching for a professional PR/IR company to expose SOYO ' s success story to a broader investment base
Answer: You will see this very soon.
-- A statement about the current marketing initiatives
Answer: We usually address this in the quarterly conference calls and Share holders letter.
-- A statement about the projected rollout of the Honeywell Altura HDTVs and possibly a mention of what types of channels will carry the brand
Answer: Our strategy has not changed and as we have stated previously the Honeywell TV's will start rolling out in late July and we will have retail placement (stay tuned for exact customers that will be released in PR's when appropriate).
-- How well the Honeywell products launched to date are selling and where?...US... Canada ? Latin America ?
Answer: I think we have issued PR's on the SecuraDrive and AirLite products and you will see a lot of new PR's announcing the placement of the Arius and Altura lines in the near future.
-- A word or two that financing is being sought and moving in the right direction as previously stated.
Answer: There will not be any further information released about any negotiations or progress until a deal is finalized and signed. Considering what is going on in the market these days, and how difficult credit is to obtain, it should not be a surprise to any of our shareholders that finalizing and signing a deal is taking some time. The amount of due diligence lenders are doing is at 6 times what they where doing on similar deals even a year ago, and most commercial lenders in this space have pulled out of the market all together. We are continuing to make progress, and will have nothing else to say until we feel an announcement is warranted.
2 Would the company consider a stock buyback at this time? That would be a wise investment in my opinion based on the ridiculously low share price and it would give immediate reassurance that the company is committed to increasing shareholder value. You don ' t have to buy 1 million shares at one time but a statement that the company is considering a stock buyback to be announced soon would go a long way towards restoring investor ' s confidence.
Answer: I will address this one with Ming, but he just purchased 1.5 million shares at $1.25 on 4-2-2008 and return stock option back to the company.
3 Would the company consider a stock dividend for those shareholders as of a certain date since the company still has about 20 million available shares with the current share count? That would encourage buying at these levels to help revert the horrible technical analysis on SOYO chart.
Answer: I would also need to consult with Ming on this question
Please understand that you have my complete commitment, but as a relatively large shareholder I expect more from the company in terms of share price support.
Answer: Again, thank you for your support. We have not been distracted, and continue to work hard and deliver to plan quarter after quarter.
Sincerely,
Dave Tung
Taipei
P.S. I am looking forward to meeting all of you at the annual meeting and keep up with the good work.
Cheers!
You mentioned this portion of SOYO's Mr. Ed O'Brien to a shareholder:
Shareholder question: How about the projected rollout of the Honeywell Altura HDTVs and possibly a mention of what types of channels will carry the brand?
SOYO's O'Brien Answer: Our strategy has not changed and as we have stated previously the Honeywell TV's will start rolling out in late July and we will have retail placement (stay tuned for exact customers that will be released in PR's when appropriate).
......translation...they will announce the retail chains that will carry the Honeywell HDTVs...
In my opinion if they announce that either a Fry's, Circuit City, or Best Buy will carry the Honeywell brand this stock can gain 400% in a heartbeat
SOYO is up 20%+. Selling MM PERT retreats.
SOYO lawyer said that he asked the SEC to investigate who at PERT is purposedly pushing the stock down because fundamentally there is nothing that would support this price.
The following PR released Friday evening puts to rest once and for all the comparisons to BRLC just because they are in the same sector. BRLC went bankrupt not because they could not sell their product but because they had a corrupt management.
SOYO is now showing a more aggressive stand. They have also just hired a top notch PR firm to maximize the power of the Honeywell HDTV roll out this month. The PR below, and the e-mail from a Senior company exec hint that Honeywells will show up at major electronic retailers shelves. Keep and eye on SOYO because it could gain 400% in a heart beat.
http://biz.yahoo.com/pz/080711/146257.html
SOYO Updates Shareholders On a Recent Industry Event
Friday July 11, 10:01 pm ET
ONTARIO, Calif., July 11, 2008 (PRIME NEWSWIRE) -- SOYO Inc. (OTC BB:SOYO.OB - News) today updates it shareholders on a recent industry event. On Tuesday, July 8th Syntax-Brillian filed a chapter 11 bankruptcy petition. SOYO has received a number of calls and emails regarding this recent event, and although we would not normally comment on this type of news we understand many shareholders are concerned given the current economic climate.
SOYO Inc. Chairman and CEO Ming Chok said, ``I want to reassure our shareholders that although we have seen some softening in certain channels, our overall business remains solid, and we continue to make good progress in attaining our stated goals for 2008.
We have just concluded our second quarter and are in the process of closing our books, and although it is too early to affirm our second quarter revenues and profits, we look forward to updating our shareholders as soon as possible.
We are on-track with our roll out of the Honeywell Altura Brand of televisions and continue to gain placement for the entire line of Honeywell Branded products.
Today SOYO has extended an offer to fill the vacant position of Investor Relations and Public Relations Professional. We have decided to hire a professional firm to help us better communicate SOYO's fundamental value with the investment community to broaden our shareholder base.
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 http://www.soyo.com, Honeywell http://www.honeywellce.com, Prive http://www.privedisplays.com, Le Vello http://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.
THe CEO's comments are consistent with the email from VP of Marketing Ed. O'Brien to a shareholder a few days ago....here a couple of questions:
Shareholder question: How about the projected rollout of the Honeywell Altura HDTVs and possibly a mention of what types of channels will carry the brand?
SOYO's O'Brien Answer: Our strategy has not changed and as we have stated previously the Honeywell TV's will start rolling out in late July and we will have retail placement (stay tuned for exact customers that will be released in PR's when appropriate).
......translation...they will announce the retail chains that will carry the Honeywell HDTVs...In my opinion if they announce that either a Fry's, Circuit City, or Best Buy will carry the Honeywell brand this stock can gain 400% in a heartbeat
Shareholder question: Is the company searching for a professional PR/IR company to expose SOYO ' s success story to a broader investment base??
SOYO's O'Brien Answer: You will see this very soon.
In essense, everything that SOYO has been doing is according to plan and the low pps is mainly due to the "guilty by association syndrome" by being compared ro BRLC. SOYO has a reputable and honest management unlike BRLC. And it's highly diversified in terms of products (HDTVs, LCD monitors, Portable storage, Bluetooth, TV furniture), in price range (from the low cost Prive HDTVs made exclusively for Walmart Canada, to economical high quality SOYO HDTVs, and the upcoming high end Honeywell HDTVs), and branding (Honeywell, Soyo, Prive, LeVello).
Furthermore, SOYO has grown revenues, net income, cash, and stockholders' equity every year for the last 4 years and it expects a 30% growth this year despite the economy:
http://finance.yahoo.com/q/is?s=SOYO.OB&annual
http://biz.yahoo.com/pz/080519/142959.html
SOYO News 7/15/08 ...SOYO Relocates Corporate Headquarters
Tuesday July 15, 9:30 am ET
New Facility Will Nearly Double SOYO's Office and Warehouse Space
ONTARIO, Calif., July 15, 2008 (PRIME NEWSWIRE) -- SOYO Inc. (OTC BB:SOYO.OB - News) 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 http://www.soyo.com (http://www.soyo.com), Honeywell http://www.honeywellce.com (http://www.honeywellce.com), Prive http://www.privedisplays.com (http://www.privedisplays.com), Le Vello http://www.levellofurniture.com (http://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.
News Today 7/15/2008...SOYO Inc. Retains Segue Ventures LLC for Investor Relations and Public Relations
Tuesday July 15, 9:30 am ET
ONTARIO, Calif., July 15, 2008 (PRIME NEWSWIRE) -- SOYO Inc. (SOYO) (OTC BB:SOYO.OB - News) announced today that it has retained Segue Ventures, LLC (Segue) to provide investor and public relations services in order to bring greater investor and media awareness to the company.
``At this stage in SOYO's growth we are excited to bring the responsibilities of investor relations to such a professional group,'' said SOYO Inc. Chairman and CEO Ming Chok. ``Hiring Segue will give us the chance to truly focus on our business. SOYO is making great progress and we are thrilled to be able to have our story presented more effectively and to a wider audience.''
Segue President Craig H. Bird stated, ``We are pleased to spearhead SOYO's efforts to bring their tremendous market value and business potential to the investment community. Their business growth is truly remarkable and we have a great opportunity to help the company grow to the next level in the investment community.''
About SOYO Inc.
SOYO, Inc. is a global provider of Computer, Consumer Electronics, and Home Theater Furniture products and services. SOYO sells its products under the following brand names: SOYO http://www.soyo.com (http://www.soyo.com), Honeywell http://www.honeywellce.com (http://www.honeywellce.com), Prive http://www.privedisplays.com (http://www.privedisplays.com), Le Vello http://www.levellofurniture.com (http://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.
About Segue Ventures, LLC.
Segue Ventures is a business consulting and investor & media relations firm focused on providing micro and small-cap companies from around the world with effective services. Segue works with private and publicly listed companies to improve business planning and development, internal and external corporate communications and stock valuations. http://segue.biz/ (http://segue.biz/)
The common theme in the most recent PRs is that SOYO anticipates growth and prosperity while the majority of companies see doom and gloom. These people at SOYO are very focused and work smartly and efficiently from what I can tell.
SOYO is up over 30% since last week. It just set a new HOD of 55c. THe stock has been moving up steadily despite the ups and downs of the market as a whole.
Perhaps it is because they will officially launch the Honeywell Alturas in the next few days and about 2 weeks ahead of strong earnings.
The person I spoke with at SOYO said that there are more than 2 consumer electronic chains that will carry the Honeywell brand. Did not want to say which ones. He said that there will be several annoucements. He said "stay tuned" in a bullish tone. You can call yourself, his name is Ed O'Brien.
My take is that is they announce a Fry's or Circuit City or Best Buy SOYO could explode away from under $1 to who knows where.
SOYO recently announced the hiring of Segue Ventures as IR/PR representative. Segue is regarded a highly effective in raising the profile of OTCBB stocks.
Also on July 15 SOYO announced thqat they will be moving into a much larger headquarters/warehouse building in anticipation of the accelerated growth they see ahead
Don't know if anyone else saw this news, but it adds a few details to the previous press release.
SOYO Group to move its HQ to Ontario
http://www.pe.com/business/local/stories/PE_Biz_S_localbizbriefs18.3c8aa5e.html (http://www.pe.com/business/local/stories/PE_Biz_S_localbizbriefs18.3c8aa5e.html)
An Ontario company that sells computer, consumer electronics and home theater furniture products will move its corporate headquarters within the city.
SOYO Group Inc. will leave its 42,500-square-foot building at 1420 S. Vintage Ave. and relocate to a larger building at 1290 Elm St., about five miles away, SOYO Group spokesman Edward O'Brien said.
SOYO Group will occupy about half or 74,700 square feet of that building, which covers approximately 140,000 square feet.
It will use the space for warehouse-distribution and some office use, O'Brien said. Forty-three people will work there initially, and 10 to 12 employees are expected to be added during the next 18 months.
The move, scheduled to take place in September, is needed to accommodate SOYO Group's anticipated growth, O'Brien said.
Dutton Link:
http://www.duttonassociates.com/research/soyo/notes/soyo_note_071608.pdf
very low trading volume, just a one time update from my side :D
Thank you for the charts and nice to have you here la_onda. Did you hear about today's news? The company released news today that they will be hosting an open house on August 4 to show off the new Honeywell HDTVs and other goodies.
SOYO Inc. to Host 1st Annual Open HouseWednesday July 23, 9:30 am ET
Event to be Held Monday, August 4th, 2008ONTARIO, Calif., July 23, 2008 (PRIME NEWSWIRE) -- SOYO Inc. (SOYO) (OTC BB:SOYO.OB - News) announced today that it will host its first Annual Open House from 12:00pm to 2:00pm on Monday, August 4th, following the Company's Annual Meeting of Shareholders. The Open House will be hosted at the Company's facilities in Ontario, California,
where investors will have the opportunity to talk with members of the SOYO management team; tour the facility; view and demo the Company's products, including the latest products, which are expected to be available to consumers in August.`It is our pleasure to open our doors to investors, the local community, and friends of SOYO,'' commented SOYO Chairman and CEO Ming Chok. ``We decided to host an Open House following our Annual Meeting of Shareholders, to provide everyone with a unique opportunity to tour our facilities, speak with members of our management team, and learn about our technology and corporate strategy. We look forward to welcoming visitors on August 4th.''
Please RSVP to Ed O'Brien at (909) 292-2500, or e-mail:
[email protected]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 http://www.soyo.com, Honeywell http://www.honeywellce.com, Prive http://www.privedisplays.com, Le Vello http://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.
Nice close at the HOD today. It took a while to break that tough 60c resistance.
This is starting to look like the start of a rally similar to the one last year when it went from 40c to $1.8 in a matter of week. The only difference this time is that SOYO is a lot more profitable and the Honeywell HDTVs will be available for sell soon
It appears that the "cat is out of the bag" regarding the Honeywell HDTV launch. People did not believe it was going to happen because of the economy, because of this, because of that, etc.The fact that the company will have the Honeywell demos during the "Open House" on August 4 tells me that they will make an important announcement before that. I believe that the next news will be an announcement that the Honeywell HDTVs are shipping (late July) and that they will be in stores in early to mid August...they will probably also announce which electronic retail chains will carry the brand. Stay tuned for that because it could be a blockbuster.... if it's Best Buy, or similar all bets are off...Rocketship!!
I also expect earnings to meet guidance based on the comments that the VP of Marketing made before and after the quarter was over. Did not specifically but you can red between the lines.
So what do we have here?? The launch of the Honeywell HDTVs and a strong second quarter.....and now we have a good PR/IR company to carry the message....Hmmm I see green...lots of green.
Realistically. SOYO is trading at a 5 forward PE even with today's prices. There is a lot of room for pps growth. And I am not selling until we move to the AMEX.
bought...at...70..cents...saw.it..go..down..to..35...cents...due...to...manipulation....now..it's...67...cents....woohoooo................not...selling
My average is also 70c after averaging down from 85c. Our patience will be rewarded soon.
weeeee.......the....L2....sure...looks...nice.....
52 W D. It sure does. SOYO just keeps going up regardless of the market does. Can you imagine the jump we will see whenthe launch of the Honeywell HDYVs is officially announced??
Take a look at this beauty:
http://stockcharts.com/charts/gallery.html?soyo
awesome....chart....i'm...all...in....looks...like...there...is...only....3...of..us...on...this...stock...leaving...for...work....love...it........ ;D ;D ;D ;D ;D ;D ;D ;D
soyo..is..on..the...hot.otc..list.........85..cents....yes.....weeeeeeeee
Healthy consolidation today. And hopefully we got rid of some short-term traders during the dip. I added a few shares in the mid 70's but those MMs conveniently by-passed my order. Oh well.
Some people might have exited this morning after reading today's news about SOYO's 32" plasma TV. They were expecting news about the Honeywell HDTV roll out and probably think that will not happen. Because Honeywell has to approve all the PRs bearing its name (lawyers involved, etc that can create some delays), and also the individual retail chains might as well, I expect several PRs about where the Honeywells will be sold....not just one like others are expecting.
News aside, SOYO is trading at a paltry 7 PE based on 2008 forecast and only 0.3 times sales.
uptrends...........r........fun... ;D ;D ;D ;D ;D ;D ;D :D :D :D :D :D :D :D........last..call....b4..next........ week............ ;D ;D ;D ;D
wow.....look..at....voluume..... :o :o :o :o :o :o :o :o.....yay......... ;D ;D ;D
looks...like..soyo...is..the..top..viewed...stock...on...this....penny..stock..picking...board....i..also.. see..that...the...mm's.....keep...trying....to..bring.it..back...down...with...those..last..sales...of.....a ......100...shares... ;D ;D ;D ;D ;D ;D ;D......kinda....like..sticking..your..finger...to..plug.a..hole... in..hoover.....dam....... ;D ;D ;D ;D ;D ;D...well.....i'm....off...to...work...GO......SOYO... ;D ;D ;D
A few highlights About SOYO for those lurking the board occasionally:
- SOYO has been moving up ahead of three significant events: The launch of the Honeywell HDTVs, 2Q earnings to be reported before August 15, and news about bank financing to accelerate growth. The initial move was after the CEO said that SOYO's business is solid and that the comparison with BRLC was incorrect and completely off base:
http://stockcharts.com/charts/gallery.html?soyo
- 6 Forward PE....0.3 PEG....0.3 P/S....$40M Market Cap....$140M 2008 revenues....10- 12c/share 2008 Net Income expected.
- 3 year revenuew growth has been in double digits. For 2008 the company expects 30% revenue growth and 100% net income growth. SOYO reported $110M in revenues and almost $4M in net income for 2007 . For 2008 the company expects to deliver $145M in revenues and $6M in net income despite the state of the economy. SOYO's market cap is about $30M.
Even with recent gains, SOYO is still trading at 6 forward PE and 0.3 PEG based on 2008 guidance... and a very low price to sales ratio of 0.3 for a company growing revenues at double digit rates and growing net income at triple digit rates.
:
http://biz.yahoo.com/pz/080519/142959.html
- SOYO is nexpected to experience significant growth with the Honeywell line of HDTVs and other consumer electronic products.
- SOYO will likely start issuing a number of press releases telling investors wich electronic retail chains will be carrying the Honeywell line of consumer electronic products. It is also widely expected that they will be making an announcement ahout the launch of the Honeywell HDTVs next week before or after the Annual Shareholder Meeting on Monday, August 4, 2008.
- SOYO has a 6.5 year licencing deal with Honeywell for over a dozen consumer electronic products including HDTVs, LCD monitors, etc.. The compalete list is at the bottom of this post.
- The company is moving to a larger HQ/warehouse building to keep up with expected short and long-term growth.
- A company exec stated last week that they expect to add 25% more personnel in the next 12 months.
- The CEO and CFO own 50% of the company. Back in May the CEO and CFO bought 1.5M shares at $1.25 in a private placement. The stock was trading at 75c at the time. The CEO and CFO have returned to the company 600,000 shares each that they were awarded in 2007 to minimize dilution.
SOYO is getting ready for a step change in growth with the launch of the Honeywell line of HDTVs next week. To accommodate the expected growth, the company announced on July 15 that it is moving its headquarters/warehouse into a nearby facility twice the size of the existing one. A local newspaper in Ontario, California said last week that SOYO expects a 25% increase in manpower in the next 12 - 18 months. SOYO is unique in the current economic climate because it is expanding and adding personnel.
SOYO reported $110M in revenues and almost $4M in net income for 2007. For 2008 the company expects to deliver $145M in revenues and $6M in net income despite the state of the economy. SOYO's market cap is about $30M.
Even with recent gains, SOYO is still trading at 6 forward PE and 0.3 PEG based on 2008 guidance... and a very low price to sales ratio of 0.3 for a company growing revenues at double digit rates and growing net income at triple digit rates.
SOYO is us uniquely diversified, and this is mainly the reason for its strength even in challenging economic conditions. The company manufactures LCD monitors, HDTVs, portable storage devices, and Bluetooth devices. last year 55% of its revenues came from LCD monitors, followed by HDTVs with 37%, and the balance for all other products. SOYO is regionally diversified as well....71% revenues from the US, 16% from Canada (primarily WalMart Canada), 9% in growing Latin America, and the rest elsewhere in the world. Price-wise SOYO covers the entire range from the inexpensive Prive LCDs made exclusively for WalMart Canada, to the mid-tier SOYO HDTV, and now the tier-1 Honeywell HDTVs. Its popular LCD monitors range from the $100's to the $500's for a top of the line 26" monitor.
The Honeywell line of consumer electronic products will become growth engine for years to come. Honeywell is a strong brand recognized all over the world.
SOYO has said that they might acquire profitable companies in the space that can make other things that they don't make to expand the Honeywell product offering. They plan to do that soon after moving to the AMEX. Take a look at all the products that SOYO is allowed to design/manufacture/market bearing the Honeywell brand:
LCD monitors and televisions, front and rear projectors, home audio and video DVD equipment (receivers, AMPS, tuners, VHS recorders, DVD players and recorders, clock radios, bookshelf systems, speakers, and audio intercoms),portable audio/video DVD equipment (boom boxes, portable CD/DVD players, MP3, MPEG, camcorders, and digital recorders), and accessories for television monitors and audio-visual products (cables, surge protectors, Bluetooth, antennas, headphones—wireless and wired, remote controls, and multimedia speakers), IPOD and PC accessories (including portable hard drives and flash drives), wall mounts, set-top boxes, and PC embedded boxes.
Here is more info about the 6.5 SOYO-Honeywell licensing agreement:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=23858842
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 http://www.soyo.com, Honeywell http://www.honeywellce.com, Prive http://www.privedisplays.com, Le Vello http://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.
looks...like..we...won't..see...any..action..until.....the...last...hour..of...trading...today...because..of...the...shareholders...meeting...... >:( >:( >:( >:( >:(..... ;D ;D ;D ;D ;D ;D ;D ;D
***** SOYO HIGHLIGHTS:
- DOUBLE DIGIT REVENUE GROWTH...TRIPLE DIGIT NET INCOME GROWTH
- STRONG 2008 GUIDANCE
- SIGNIFICANT GROWTH...MOVING INTO A LARGER FACILITY....PLANS TO ADD 25% MORE MANPOWER...
- INCREASED NAME RECOGNITION:
New national channel JR.com, with a huge store in downtown New York, is advertising several SOYO HDTVs in the New York Times.
http://www.jr.com/soyo/pe/SOY_SYTPT3727AB/
http://www.jr.com/soyo/pe/SOY_SYJCP32B1AB/
- INSIDERS OWN OVER 50% OF O/S SHARES and KEEP BUYING
SOYO is getting ready for a step change in growth with the launch of the Honeywell line of HDTVs this month. To accommodate the expected growth, the company announced on July 15 that it is moving its headquarters/warehouse into a nearby facility twice the size of the existing one. SOYO expects a 25% increase in manpower in the next 12 - 18 months.
SOYO reported $110M in revenues and almost $4M in net income for 2007. For 2008 the company expects to deliver $145M in revenues and $6M in net income despite the state of the economy. SOYO's market cap is about $40M.
SOYO held an open house for sharehoders and investors on August 4, 2008 and showcased the initial Honeywell product offering (the larger HDTVs up to 82" with a 120,000:1 contrast ratio will be launched in the September/October time frame per the last CC) :
* 42" and 47" Full High Definition LCD TVs
* 60" Plasma High Definition TV
* Widescreen LCD Monitors in 19, and 22 inch sizes
* 1.8 inch USB Compact SecuraDrive Hard Drives in 80, 120 and 160 gigabyte sizes
* SecuraDrive 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 the sun visor.
Overall, Honeywell should be truly impressed and proud with what SOYO has been able to accomplish in little over a year since they signed the 6.5 year licensed agreement. SOYO will announce shortly which national chains will carry the Honeywell products listed above.
SOYO is us uniquely diversified, and this is mainly the reason for its strength even in challenging economic conditions. The company manufactures LCD monitors, HDTVs, portable storage devices, and Bluetooth devices. last year 55% of its revenues came from LCD monitors, followed by HDTVs with 37%, and the balance for all other products. SOYO is regionally diversified as well....71% revenues from the US, 16% from Canada (primarily WalMart Canada), 9% in growing Latin America, and the rest elsewhere in the world. Price-wise SOYO covers the entire range from the inexpensive Prive LCDs made exclusively for WalMart Canada, to the mid-tier SOYO HDTV, and now the tier-1 Honeywell HDTVs. Its popular LCD monitors range from the $100's to the $500's for a top of the line 26" monitor.
The following is the entire Honeywell product list that SOYO is allowed to design/manufactiure/market per the existing licensing agreement:
LCD monitors and televisions, front and rear projectors, home audio and video DVD equipment (receivers, AMPS, tuners, VHS recorders, DVD players and recorders, clock radios, bookshelf systems, speakers, and audio intercoms),portable audio/video DVD equipment (boom boxes, portable CD/DVD players, MP3, MPEG, camcorders, and digital recorders), and accessories for television monitors and audio-visual products (cables, surge protectors, Bluetooth, antennas, headphones—wireless and wired, remote controls, and multimedia speakers), IPOD and PC accessories (including portable hard drives and flash drives), wall mounts, set-top boxes, and PC embedded boxes.
NOTE: I have incorporated a few comments from other posters here and I hope that is OK. My comments are based on my DD and I believe they are for the most part correct. It should be noted that I am making some assumptions based on comments made by SOYO management in e-mails, CC notes, and filings. Please always do your own DD before you invest.
Cool!! THe earnings date/CC for 2Q 2008 is set for August 14, 2008 AH.
Next week will be interesting. SOYO is ready for the next move up after consolidating jn the 75c - 85c range for a week. If they aanounce the launch of the Honeywell HDTVs SOYO will fly on high volume
HUGE SOYO $0.72 NEWS TODAY!! PREFERRED IS CONVERTED AT $1.2/SHARE!!..
The $3.5M preferred B was officially converted at $1.20/share and announced today :
NEWS TODAY>>>>
12-Aug-2008
*** Entry into a Material Definitive Agreement:
http://biz.yahoo.com/e/080812/soyo.ob8-k.html
Item 1.01 Entry into a Material Definitive Agreement
On August 7, 2008, the Company reached an agreement with the independent 3rd party that owned the Class B preferred stock to fix the conversion of the Class B preferred stock to common stock at 2,750,000 common shares. With the mandatory conversion date less than six months away, recent volatility of the Company's share price, weakness in the stock market and perceived market uncertainty, the Company believed it was prudent to fix the conversion at this time. Based on these factors, the Company believes that it made a very favorable deal.
Now this is clear to me.....
SOYO management and the big SOYO stockholders like Andy Chu (SOYO Taiwan CEO, brother of SOYO CFO Nancy Chu, and owner of the $3.5M preferred) who just converted $3.5M into 2.75M shares, want to send the market a message loud and clear.....SOYO IS AND WILL BE WORTH MORE....A LOT MORE THAN $1.2/SHARE soon.
To recap, Mr. Andy Chu converted at $1.2/share to minimize dilution when he could have done it at 40c/share less than a month go. Then we have CEO Ming Chok and his wife CFO Nancy Chu each paying $1.25/share for 1.5M shares in early April 2008 while the stock was trading at 75c/share. Why would they willingly lose all that money, or leave so much money on the table??....because they know like many of us do that SOYO will be a multi-bagger.
To give you another example on how carefully they manage the share count, the CEO and the CFO each returned to the company 600,000 shares awarded to them for 2007 options. That's is an avoidance of a 3% dilution. Where do you ever find that type of responsible management in any exchange in the world? Very few companies are managed as ethically as SOYO.
SOYO will report earnings on 8/14/2008 AH. Stay tuned because SOYO is fixing to give the market a major surprise in positive financial results and announcements related to the launch of the new line of Honeywell HDTVs (up to 82" with a 120,000:1 contrast and various technological advances at a fractions of competitors Sony, Samsung, LG).
SOYO has a 6.5 year agreement with Honeywell to design/manufacture, sell over 20 consumer electronic products ynder the Honeywell brand name. SOYO already has Honeywell LCD monitors, portable storage devices, and Bluetooth already for sale on its website and other online vendors. It is expected that SOYO will announce shortly which national electronic retail chains will carry the brand. The stock could fly to $2, $3, etc if the announce a major chain like Best Buy, or Circuit City, or Fry's, etc.
SOYO is moving to a larger headquarters/warehouse next month and will add 25% workforce to keep up with the expected growth after the Honeywell launch.
Excellent CC yesterday....the key point is that $40M financing is in place pending a couple,of issues that the company is already addressing as we speak.
For every $ that SOYO can spend from its upcoming financing, it can leverage it into $5 in revenues. This in not a secret if you know about this industry.
OK now...with that in mind....if we assume that the total package (main and junior loans together) is about $50M...that's about $250M extra revenues or an additional 10/share net income!!
Family members and close SOYO associates are putting together the $10M - $15M junior equity required by the bank to release the new $40M conditional loan on the table (in great terms according to yesterday's earnings call...see below). Soon SOYO will be able to count on an extra $50M - $55M to fuel growth with the new financing.
The current guidance does include new financing by the way.
Just take a look at Take a look at SOYO's history to appreciate the pattern of responsible management. It was the CEO, CFO, and other family fiends that put up a lot of money to increase the company's borrowing power to where we are today. 2 years ago the CEO/CFO put $6M of their own money as collateral to increase borrowing power to $20M. 3 months ago the CEO and FCO together bought 1.5M shares from the company at $1.25 to help finance the initial Honeywell launch (at the time the stock was trading at $0.75. Last week the CFO's brother and owner of the preferred B converted his $3.5M investment in the company into 2.75M shares or $1.2/share. The CEO and CFO each returned 600,000 shares to the company for 2007 options to minimize dilution......and this goes on and on.....there is no other publicly traded company ran more ethically and responsibly than SOYO.
This is from yesterday's earnings call:
Financing
...."Looking at our financial statements for the six months ended June 30, you will see that our financing costs have tripled from the same period a year ago. This occurred because our top line revenues continued to grow rapidly, which caused us to fully occupy our current credit facilities. As a result, we have had to use non-conventional and more expensive financing to fill our customer orders. This non-conventional financing enabled us to maintain top line growth, but negatively impacted our profits. We anticipated this and have been looking for and negotiating for increased credit facilities for almost a year now, but without success.
A few weeks ago, we made an agreement with a large money center bank on a financing package that exceeds $40 million. We believe this agreement is on very favorable terms to us, however the agreement is subject to certain conditions such as improving our financial leverage and bringing in another $10-15 million in junior debt or equity. Once we close the deal on the junior debt or equity, we will close both financings simultaneously. Once that occurs, we will be in a position to finance our continued growth and the Honeywell roll out at substantially better terms. We will have further announcements as the situation develops...."
whew....i...was..able...to...get...out...at...what..i..bought...at....70...cents....i...feel...lucky... ;D ;D ;D ;D ;D...i...still...like...this...stock.....i'll...buy..it...later...at...a..lower...price... :D :D :D :D :D
Also during the conference call, management listed a growing number of retail outlets both in the United States (including Office Max, Comp USA, J&R, Rex, Datavision) and Canada (including Staples, Costco, Canadian Tire, and WalMart) that are or will be carrying its products. The retail stores in Canada exceed 1000 with Canadian Tire being the largest chain with over 450 stores. Canadian Tire is similar to Target.
Regarding the Honeywell brand they said that there will be at least one initial big box retailer ...SOYO's Director of Sales mentioned that one of the following will, but did not want so say which one until the negotiations are completed.....Kroger, Target, Sears, Fry's, Best Buy...hmmmmmmm
Mr. Eric Strasser, the financial consultant that did most of the talking in the 2Q 2008 conference call has a real impressive background having played key roles at Intel.
Here is the link for the 2Q 2008 CC:
http://www.soyo.com/content/downloads/155/&download_category=Investor+Conference+Call&back
Here is his background:
http://www.linkedin.com/pub/0/71b/98a
Here are some highlights about Mr. Eric Strasser background:
Digital Media Content Strategy & Business Development
Intel Corp
March 2006 — January 2008 (1 year 11 months)
• Responsible for the global digital content strategy supporting Intel's 'Digital Home' initiative across desktop, mobile and hand-held form factors.
• Collaborate with extended technical, sales and marketing organizations to further emerging online media business opportunities including promotion and co-revenue generation within consumer markets.
• Create programs that drive affiliation between broadband-enabled services (ex: Yahoo, AOL, NBC, Movielink) and hardware usage models; utilize value proposition to increase sales of Intel technologies through OEM distribution channels.
Partner Development – APAC Region
Intel Corp
January 2004 — March 2006 (2 years 3 months)
• Asia-wide responsibility for developing and directing strategic alliances with companies that positively contribute to demand creation, brand image and new market expansion.
Retail Channel Marketing
Intel Corp
July 2001 — January 2004 (2 years 7 months)
• Successfully executed key initiatives within consumer channels worldwide to accelerate adoption and sell-through of Intel-based products.
Sr. Product Marketing Engineer
Intel Corp
May 1999 — June 2001 (2 years 2 months)
• Provided marketing direction for an Internet-related consumer product.
Eric Strasser's Summary:
• Setting marketing direction and long-range strategic planning
• Brand management, new product category development and achieving related industry ecosystem support
• Market expansion, partner programs and affiliate co-marketing techniques
• Developing and executing online, print and direct marketing campaigns
• Managing OEM, reseller, agency and other third-party relationships
• Channel sales retention and development programs
• Trade shows, industry events and corporate sponsorships
• Primary and secondary market research
• Extensive experience working across vice president and director levels of management.
Eric Strasser's Specialties:
Online Media, Web-Based Services (Web 2.0), Partner Marketing, Channel Expansion, New Business Development, Product Management
Another interesting development per the 2Q 2008 CC last week;
HONEYWELL and SOYO PRODUCTS WILL BE AVAILABLE TO 60,000 HONEYWELL US EMPLOYEES!!
They mentioned in the CC that next month all Honeywell and even SOYO products will be available online to the 60,000 US Honeywell employess.
This is huge IMO. It shows that Honeywell is a strong SOYO supporter and not just a distant business partner. Honeywell employees are strong financially with incomes averaging $88K/year according to monster com. I can easily see Honeywell engineers and other tech people falling in love with the Secura drives and LCD monitors. The Bluetooth products will probably be hot sellers.
I am sure it is difficult to estimate how much revenues this will bring in. This could be a dark horse for significant revenue growth and a significant addition to the bottom line.
The timing is great...right before the holidays. The Honeywell and SOYO consumer electronic products could become a frequent water cooler conversation topic.
J&R is already advertising the new SOYO-made Honeywell Arius LCD monitors in the New York Times and online
http://www.jr.com/honeywell/pe/HYW_HWLM2216/
They are advertising the 19" at $199!!
http://www.jr.com/honeywell/pe/HYW_HWLM1916/
The Honeywell LCD monitors have great picture stereo speakers and a built-in webcam
J&R has a huge store in Manhattan where most of the Wall Street types do their shopping for electronic gadgets
Looks like the SOYO PR campaign will start after Labor Day. This might be the last week to be able to buy SOYO under $1.0
This is what Craig Bird of Segue Ventures told investors in SOYO's Investors Group Website in response to the lack of news while apparently the company had been making significant progress in several fronts...new chains offering its products like Staples, Costc, J&R, The Brick, etc....financing....Honeywell deployment, etc.:
..."Finally, let me offer to you the well known cyclical nature of investing, which is, investing slows down considerably during the summer months. Let me just say that after Labor Day, when almost everyone is back from their vacation and schools are in session, SOYO will be more visible in the investment and public relations community. "
...."It is my belief that press releases and other investment communications media will have a greater positive impact on SOYO's market valuations September through November than during the vacation summer months of July and August..."
Coincidentally, SOYO went from 50c to $1.8 last year from September to November. This time, however, SOYO is lot stronger fundamentally than last year.
To subscribe to the SOYO_IR Group's website:
Subscribe: SOYO_IR-subscribe@ yahoogroups. com
Thank you Viva,
SOYO is on the launch pad ready to rocket up from under $1 for good. Just like year starting in September!!
Costco Canada is now selling SOYO products:
http://www.costco.ca/Browse/Product.aspx?prodid=10314976&whse=BCCA&topnav=&cat=4180&hierPath=84*1680*4180*&lang=en-CA
http://www.costco.ca/Browse/Product.aspx?prodid=10314934&whse=BCCA&topnav=&cat=4180&hierPath=84*1680*4180*&lang=en-CA
SOYO $ 0.68 EXPECTS EXPONENTIAL GROWTH IN THE 2nd HALF OF 2008 and 2009 PER 8/27/08 UPDATED GUIDANCE:
HIGHLIGHTS:
- on 8/27/08 SOYO guided for a VERY strong 2nd half of 2008 with revenue ranging from $80M to $95M. This compares to a $110M revenue in 2007 and 58M in 2006. Total 2008 revenue is expected to range from $135M to $150M. The current fully diluted market cap is $35M.
- SOYO expects to net 5 - 6c/share for the second half of 2008 or 6 - 7c/share for FY 2008.
- 3Q and 4Q net income will be significantly higher than 1Q and 2Q despite the high transportation costs that have reduced first half net income from 3c/share to 1/c/share because of the deployment of the high-margin Honeywell HDTVs.
- The 3Q and 4Q net income estimate of 5 -6c/share might actually be conservative because the company has applied a surcharge to the record 2Q's transportation costs to estimate 3Q and 4Q transportation costs. However, since the start of 2Q crude oil, gasoline, and diesel prices have come down and they may continue to do so once the hurricane season is over.
- The expected ramp up in 2nd half revenues is due to an accelerated growth for SOYO products as well as the deployment of the company's "top tier" or Honeywell line of LCD and plasma HDTVs with sizes up to 82" and a 120,000:1 contrast ratio...the highest in the indusrty
- The company expects 2009 revenue and profit growth in line with historical trends. SOYO has grown revenues at over 30% Y/Y and net income at triple digit rates the last 3 years.
- The company increased the number of stores where it will sell its SOYO and Honeywell products by over 300% to over 3000 stores since the last quarter. In Canada alone it has agreements with WalMart Canada, Staples, Costco, Office Depot, Canadian Tire, The brick, etc. In the US it has Office Max, J&R, DataVision, CompUSA, Microcenter, Rex TV, and many others.
- SOYO will launch its new top-tier line of Honeywell HDTVs after Labor Day. The first units will arrive to customers next week. The company expects to announce which big box retailers will carry Honeywell HDTVs, LCD monitors, portable storage, and Bluetooth products.
- SOYO announced that has inked a deal whereby it will sell its Honeywell and SOYO products to the 60,000 US-based Honeywell employees through a new Honeywell's internal website that will be available in September, 2008.
- The company announced in the recent 2Q 2008 CC that t it has received bank approval for a $40M loan pending some conditions that the company is working to fulfill ASAP. With the new financing, SOYO will grow from a $140M/year revenue company to a $300M - $400M/year company paving the way to become the next LCD TV giant.
- SOYO insiders own 0ber 50% of the company. The CEO and CFO continue to add shares. The CEO and CFO each bought 750,000 shares at $1.25/share in April 2008 while the stock was trading at 75c/share. To minimize dilution the CEO and CFO each returned 600,000 shares to the company for options granted in 2008. Early this month, the owner of the $3.5M preferred and also an insider, converted it into 2.75M shares or $1.2/share while the stock was trading under 70c.
HERE ARE SOME EXCERPTS FROM 8/27/08 PRESS RELEASE:
SOYO Inc. Updates Financial Guidance for 2008
Wednesday August 27, 9:30 am ET
ONTARIO, Calif., Aug. 27, 2008 (GLOBE NEWSWIRE) -- SOYO Group Inc. (``SOYO'' or ``Company'') (OTC BB:SOYO.OB - News), today announced its earnings and business guidance for the remainder of 2008.
During its August 13th Earnings Call, SOYO's management adjusted its projected 2008 top line revenue projections slightly from $140 - $145 million to $135 - $150 million.
Based on the expected rollout of new ``Top Tier'' brand products and other market conditions, SOYO anticipates an extraordinarily good fourth quarter in terms of top line revenue and profit. The company also believes revenue and profit growth for 2009 will remain healthy and more in line with its historical growth pattern on a quarter over quarter basis.
ALWAYS DO YOUR OWN DD.
SOYO is starting to move up. Keep an eye on it.
The big rally will start after Labor Day. mark this post
That's great to hear that there are a lot of things going on in the background besides just timely PRs reporting material events.
I like the part about more analyst coverage, and what is in the next two paragraphs:
..."Based on comments made during the Earnings Call and other public sources, it is my belief that there will be more frequent "material" and noteworthy events for SOYO to communicate with investors in the coming months. Such events may include: industry expositions; product roll-outs; investor conferences; fundamental business developments; website updates; product reviews; analyst coverage; marketing events; etc..."
..."What you will not see, nor will I comment on are: private individual investor meetings or correspondence; internal plans, correspondence or recommendations; etc..."
As expected, the Honeywell HDTV roll-out PR campaign is starting after labor Day.
This is today's news after the market closed:
SOYO to Unveil Honeywell Brand LCD HDTVs and Monitors At CEDIA Expo 2008
Tuesday September 2, 7:34 pm ET
ONTARIO, Calif., Sept. 2, 2008 (GLOBE NEWSWIRE) -- SOYO Group Inc. (``SOYO'' or ``Company'') (OTC BB:SOYO.OB - News), today announced it will display and give in depth demonstrations of its Honeywell LCD televisions and monitors in the Honeywell Booth #310 at the CEDIA Expo 2008, held September 4-7 at the Colorado Convention Center in Denver, Colorado.
The Custom Electronic Design & Installation Association (CEDIA) Expo is considered to be the best, most important show in the industry, bringing together more than 500 exhibitors and approximately 30,000 attendees.
``This is a great opportunity to show off Honeywell brand products developed in collaboration with some of the most influential people in our industry,'' said SOYO Director and CEO, Ming Chok. ``We are expecting a lot of interest this year, which should generate new sales opportunities.'' Among the new products that SOYO will demonstrate are the Honeywell Altura 42 inch MLX Series LCD FHDTVs and the 19 and 22 inch LCD monitors.
About CEDIA
The Custom Electronic Design & Installation Association (CEDIA) is an international trade association of companies that specialize in planning and installing electronic systems for the home. CEDIA promotes technologies and Training for media rooms, single or multi-room entertainment systems, home networking, environmental controls, total system integration, automation, accessories, education -- and more -- to integrate home systems for ``on-demand,'' adaptive, connected living.
About SOYO Inc.
SOYO, Inc. is a leading global provider of computer, consumer electronics, and broadband telecommunications products and services. Headquartered in Ontario, Calif., with sales offices in Latin America. For more information about the company and its products, please call 909-292-2500 or visit our Web site at http://www.SOYO.com.
I've been buying SOYO in the last few days since it got so cheap. I will keep adding a lot more if it drops into the 50's
Report says that US is unprepared for switch to all digital in February, 2008....great opportunity for SOYO.
This news should be good for SOYO since it is one of the lowest-priced TV makers in the 20" - 37" range. SOYO's quality is superior in most cases than many of its competitors under $800. The 32" plasma under $500 is a best seller.
U.S. unprepared for digital TV switch demand: report
By Kim Dixon Tue Sep 16, 5:29 PM ET
WASHINGTON (Reuters) -- U.S. regulators are unprepared for an expected surge in demand for government help from consumers needing to switch their television sets from analog to digital, a government report said on Tuesday.
Congress ordered the switch, to go into effect next February, to free public airwaves for emergency uses, such as for police and fire departments.
Regulators are offering consumers $40 coupons to help pay for converter boxes, but have no plan to manage an anticipated last-minute frenzy of consumer demand, a congressional watchdog group said.
"A spike in demand for converter box coupons is likely as the transition nears," said Mark Goldstein, director of physical infrastructure at the Government Accountability Office (GAO), told a U.S. House of Representatives subcommittee.
However, the government "has not developed a plan for managing such a spike."
About 15 percent of U.S. households use only analog TV sets and could be at risk of going black on that date if the coupon program does not operate smoothly, GAO said. Up to 35 percent of households have at least one analog TV.
About 14.2 million households have requested 26.7 million coupons, though about 10 million coupons have been redeemed, according to the Commerce Department unit implementing the switch.
Lost or expired coupons may account for unredeemed coupons, said Meredith Baker, a spokeswoman with the Commerce Department's National Telecommunications and Information Administration said. The coupons expire after 90 days.
The agency is asking Congress for fiscal flexibility to distribute the coupons.
The government will not reissue them because of concerns about waste, fraud and abuse, she said, though they can be transferred to friends or family members, Baker said.
Federal Communications Commission Chairman Kevin Martin said that during a test in Wilmington, North Carolina last week, just 1 percent of households called the FCC's help line.
"It appears that the residents of Wilmington were generally aware of the early transition and generally prepared for it," Martin said.
Blacks, Hispanics and the elderly are less likely to redeem the coupons, the GAO report said. For example, just 9 percent of the elderly have requested the coupons, compared with about 13 percent nationally.
Rep. Heather Wilson, a New Mexico Republican, said she is worried about her less well-off constituents.
"A lot of people are going to come home the day after this conversion takes place and they are going to wonder what ... happened to their television," she said. "I think it's about time we got our act together."
Here is the link:
http://news.yahoo.com/s/nm/20080916/media_nm/digitaltv_dc (http://news.yahoo.com/s/nm/20080916/media_nm/digitaltv_dc)
New positive reviews for a Honeywell LCD monitor and for the 32-inch plasma TV:
Customer review of a 22" Honeywell Arius LCD monitor:
http://www.jr.com/honeywell/pe/HYW_HWLM2216/#productTabs
Customer reviews for the 32" SOYO Plasma TV:
http://www.amazon.com/review/product/B001BFPIIC/ref=sr_1_10_cm_cr_acr_img?%5Fencoding=UTF8&showViewpoints=1
Looks like some SOYO shareholders are putting their money where their mouth is. This Yahoo poster bought a 32" plasma today. I guess it is because of the positive reviews on this TV set. In a prior post the buyer mentioned that SOYO provides a 1 year in-home repair warranty. They must be very confident about their TV to make such an unheard off offer.
Again here are the positive customer reviews:http://www.amazon.com/review/product/B001BFPIIC/ref=sr_1_10_cm_cr_acr_img?%5Fencoding=UTF8&showViewpoints=1
Here is the Yahoo post:Bikeroni, this is a great deal IMO.
The demand for these units is so great that Rex TV (call them or look at the latest flyer. The 32" is on the 2nd page) already increased its price by $100.
If you do order for J&R it you will get this:
J&R Telephone Order Confirmation
Dear XXXXXXXXX
Thank you for your order placed with our Toll Free Sales department at J&R Music and Computer World.
We value your business, and will process and ship your order as quickly as possible, subject to review by our Credit department. We will email you again after your order has shipped. If you wish to see or print any applicable rebate coupons, or other product related information, please visit us at 'jr com'.
Your J&R Order Number is 'XXXXXXXX'
Your Order was placed on '09/18/08'
Your Sales Representative is Darryl at Ext. #1056
Billing Information: XXXXXX
Shipping Information: XXXXXX
Payment Method(s): Credit Card..Visa(Ending in: 3331) $ 586.89
Ln# Item SKU Description Quantity Price$ Total$
--- --------------- -------------------- -------- --------- ----------
1. SOY SYJCP32B1AB 32" PLASMA HDTV*16:9 1 499.00 499.00
--- --------------- -------------------- -------- --------- ----------
Sub Total$ 499.00
Ship <UP >$ 87.89
TAX <0.00>$ 0.00
TOTAL$ 586.89
Your credit card will only be charged when your order is shipped.
Please note that all orders are carefully reviewed and are subject to approval. Although this rarely happens, we reserve the right to cancel any order. On rare occasions, availability are subject to change prior to shipment. Should this occur you will be notified by email or phone, and given the option to accept these changes, or cancel the order. We thank you for your cooperation.
J&R Customer Service Contact information: Telephone: 1-800-426-6027
Fax: 1-718-507-3189
Email:
[email protected] To place an order, call 1-800-806-1115
??? :-[
THE 32" SOYO PLASMA TV IS A HIGH-VOLUME SALES, BEST SELLER FOR JR.COM
Here are some amateur pictures of the $449 32" plasma that comes with a 1-year free in-home repair warranty!!:
http://s370.photobucket.com/albums/oo144/ivaleny/
I've just received the following email promo regarding the very popular 32" SOYO plasma HDTV from J&R:Dear Valued Customer,
We are pleased to tell you that the following item(s) have just become available for shipment. You can order by clicking the link next to the item(s) you wish to receive.
SOYO MT-SYJCP32B1AB ECLIPSE 32" Plasma HDTV - http://www.jr.com/product/productDetail.jsp?navProduct=SOY_SYJCP32B1AB
At the time of this mailing these items are in stock. Orders will be filled on a first-come, first-served basis.
Due to high volume sales, stock status changes frequently. If this item is not in stock at the time you wish to order it, you may submit an additional request and you will be notified when we receive our next shipment.If you have any questions, please contact our customer service department using the information below.
Thank you once again for shopping at J&R Music And Computer World.
J&R Music/Computer World
Customer Service Department
59-21 Queens-Midtown Expressway
Maspeth, NY 11378 USA
Visit our website at http://www.jr.com (http://www.jr.com)
TEL: (800) 426-6027
FAX: (718) 507-3189
Email: mailto:
[email protected]To place an order call: (800) 806-1115
J&R DOES A TREMENDOUS JOB MARKETING SOYO PRODUCTS. THIS WEEK IT'S FEATURING THE 32" PLASMA IN THE 400K CIRCULATION AM NEW YORK. LAST WEEK THEY USED THE NEW YORK TIMES. It's a win-win situation because J&R knows that the 32" plasma TV is very popular due to its 5-star reviews, low price, great quality, and a free 1-year in-home repair warranty. J&R sells a few TVs and more importantly for them, they are able to bundle other products. For SOYO it's also great because heavy advertising and high visibility enhances brand recognition�
SOYO Announces The New Honeywell SecuraDrive RFID for Government and Government contractors
All intelligence agencies, operations departments, logistics departments, etc., etc., will demand the capabilities that SOYO's Honeywell SecuraDrive™ possesses. It is also a known fact that minority and women-owned enterprises get preferred status with U.S. Government contracts. I don't know how many SOYO-built Honeywell products the U.S. Government will buy, but there is tremendous potential IMO. I can imagine many high-level military officials, members of Congress, etc., will end up owning the SecuraDrive. I remember when a few members of Congress started using BlackBerrys a few years ago, pretty soon it became a must-have device.
Here is the announcement:
New Stealth Encryption Technology by SOYO Changes the RulesWednesday October 29, 9:15 am ET
The New Honeywell SecuraDrive RFIDSAN JUAN CAPISTRANO, Calif. and ONTARIO, Calif., Oct. 29, 2008 (GLOBE NEWSWIRE) -- SOYO Group Inc. (``SOYO'' or ``Company'') (OTC BB:
SOYO.OB - News) and Cali Micro Global, a certified woman owned HUB Zone Company, announced today the release of the Honeywell SecuraDrive(tm) RFID to the Government and Government contractor's.
Cali Micro Global's Managing Director, Darryl King commented, ``The new Honeywell Pocket Size SecuraDrive(tm) RFID changes the rules for portable encrypted hard drives. As the distributor of choice to the Government and Government Contractors for SOYO's Honeywell product lines, I can honestly say that this is one of the most ground breaking products I've ever seen in my 22-plus years in the IT sector.''Designed and manufactured by SOYO Inc., The Honeywell SecuraDrive(tm) RFID is a 2.5 inch external USB 2.0 hard drive, with either 250GB or 500GB of Government grade secure storage. The Honeywell SecuraDrive(tm) RFID utilizes two powerful technologies, Radio-frequency identification (RFID) and Advanced Encryption Standard (AES) 128bit encryption. The RFID is an automatic identification method that stores and remotely retrieves data. The 128bit password uses AES, which is a block cipher that was adopted by the U.S. Government as its encryption standard. It has been analyzed extensively and is now used worldwide.
``We are very impressed with Cali Micro's success in sales to U.S. Government agencies and contractors,'' said SOYO's Chairman and CEO, Ming Chok, ``Cali-Micro is very highly respected certified Minority Owned fully compliant IT firm. All of us at SOYO are excited to work with Darryl King and the Cali-Micro team.''
Darryl King continued, ``I've sold countless external hard drives over the years and now all of those hard drives are absolutely obsolete. The information you secure on this hard-drive can be kept from the Operating System unless you want it to be seen. It's absolutely stealth to other users on the network. If your network is compromised your critically sensitive information isn't. What I like the most about SecuraDrive RFID is simplicity; you can be protecting your files within moments after opening the box.
``This product is hot and in electronics, hot products are hard to keep in stock. If you want portable encryption then you need to order as soon as possible before we get to the allocation stage. We are the premier choice for internal and external encrypted hard drives since we represent both manufacturers in the space. We have everything from pocket size encrypted hard drives to small book size encrypted hard drives that hold 1.5 TB of information with 256 Bit encryption. We even have hardware driven encryption for internal use. Any questions can be directed to me at my office 949-218-2364, extension 717 or via e-mail to [email protected].''
About Cali Micro GlobalCali Micro Global is a wholly owned subsidiary of Photetica Inc. Photetica is a medical technology firm and is a certified woman owned HUB Zoned Company. Cali Micro Global has strategic alliances and exclusive distribution with many name brand manufacturers in the IT sector. The firm also offers on line access for over 4,000 products in the IT sector and over 10,000,000 commercial and military grade components. Cali Micro Global is an equal opportunity employer with a multi lingual sales staff serving clients in North America, South America, Korea, Japan, Malaysia and China.
About SOYO Inc.
SOYO, Inc. is a leading global provider of computer, consumer electronics, and broadband telecommunications products and services. Headquartered in Ontario, Calif., with sales offices in Latin America, the SOYO brand has become synonymous with quality, performance and value. For more information about the company and its products, please call 909-292-2500 or visit our Web site at http://www.SOYO.com.
SOYO $0.25 INTRODUCES HONEYWELL 3D HDTV, HD CROSSOVER PC, 18 OTHER NEW PRODUSTS at CES
http://biz.yahoo.com/pz/090106/157133.html
ON FRIDAY, JANUARY 9, 4GTV WILL AIR A SEGMENT HIGHLIGHTING INNOVATIVE SOYO and SOYO-MADE HONEYWELL PRODUCTS AT THE CES SHOW IN VEGAS.
Incredible investment opportunity. SOYO has a tiny $14M market cap, is profitable, and generates $110M in revenues. Huge insider ownership and insider buying.
**** AT CES 2009 SOYO IS INTRODUCING: *****
- 3D HDTV and MONITORS
- HONEYWELL DIGITAL INFORMATION DISPLAYS
- AN INNOVATIVE HIGH DEFINITION CROSSOVER PERSONAL COMPUTER
- OVER 20 SOYO and HONEYWELL HDTV MODELS AT SIGNIFICANTLY LOWER PRICES THAN THE COMPETITION
SOYO has been profitable the last 2 years and it expects to break even in 2008 despite the worse economic environment for consumer electronic products. The company expects to earn at least 4c/share in 2009 by shifting to higher margin products. SOYO has a multi-year agreement with Honeywell to design, manufacture, and sell over 30 consumer electronic products bearing the Honeywell brand name.
TO VIEW DOZENS OF CES 2009 SOYO PICTURES PLEASE JOIN THE SOYO IR YAHOO MESSAGE GROUP AT:
http://finance.groups.yahoo.com/group/SOYO_IR/join
PROFITABLE SOYO WITH A TINY $15M MARKET CAP and OVER $110M IN REVENUES WILL START SELLING SOME PRODUCTS AT BEST BUY....IMPRESSES MANY AT CES SHOW THIS WEEK. THIS IS HUGE NEWS FOR SOYO
TODAY'S CES ARTICLE:
Soyo-Honeywell Impresses with 3D HDTV, Crossover PC
SOYO-Honeywell intros new HDTVs, impressive 3D-TV and the HDiPC - a high definition crossover personal computer.
January 09, 2009 | by Richard M. Sherwin
It was only a few years ago when television manufacturers Westinghouse Digital and Vizio were almost laughed off the floor at the Consumer Electronics Show in Las Vegas.
Most pundits scoffed at these start-ups when they said they planned to take on the big guys like Sony, Panasonic, Toshiba, LG and Samsung. Now, the last laugh is on the rest of us. Not only do Vizio and Westinghouse Digital have a significant market share in the television realm, but their products include 1080p, 240 Hz, and all the other features and ratings previously owned by the established CE makers.
If you happen to find yourself lost in the back of Central Hall of the Convention Center, you might find another CE company who has set their sights on that same market. SOYO is launching high-end HDTVs, 3D TV and a hybrid HDTV PC under the licensed name Honeywell. SOYO is a ten year old PC OEM product maker that has established a beach head portfolio that will soon be available at Best Buy and several regional CE makers.
Starting with a 32-inch LCD HDTV up to a 50 inch, the Honeywell branded TVs have all the requisite features like top flight contrast ratio. Honeywell's line of Altura TVs will be priced at about $200 below the competition.
And there's some buzz about Soyo-Honeywell's 3D HDTV. In its preview yesterday, the 3D images were clearer, sharper and as motion sensitive as those we saw from Mitsubishi, Samsung and Sony. While executives wouldn't divulge the complete source of their 3D technology, priced at a little over $3,000, SOYO-Honeywell expects this unit to be in full retail distribution in the next 60 days.
The more innovative and possibly risky venture, is the company's HDiPC, a Linux based all-in-one device. The device will sell for only $300 at many mass market stores.
"We've seen the early success of the Netbooks and think this all-in-one unit will also be ideal for dorms, second bedrooms and some other unusual places for this very convenient and very budget conscious product," says Craig Bird, the company's marketing director.
http://www.electronichouse.com/article/soyo_honeywell_impresses_with_3d_hdtv_crossover_pc/
Thanks for the updates SOYO company.
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