SOYO.OB

[vivaviagra]

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.

[vivaviagra]

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.

[vivaviagra]

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.

[vivaviagra]

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.

[vivaviagra]

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/1108955/000101054908000258/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)

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??

[vivaviagra]

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. 

[vivaviagra]

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.

[fairfield]

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

[fairfield]

SOYO isup 8% so far today. Looks like the trend will be up from here

[vivaviagra]

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

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

[vivaviagra]

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.

[vivaviagra]

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

[fairfield]

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.

[iamonfire]

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

[iamonfire]

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!