Penny Stock News RoundUp
Jul 30, 2008 6:30:00 AM
2008 PrimeNewswire, Inc.
ONTARIO, Calif., July 30, 2008 (PRIME NEWSWIRE) -- SOYO Inc. (OTCBB:SOYO), today announced its 32 inch SOYO brand Plasma TV is now available in hundreds of stores nationwide and online, including Rex TV Stores and nine other sales outlets.
"Rex TV's national presence and excellent business execution were key reasons we decided to go with them as our initial sales outlet," said Harvey Schneider, Director of Sales for SOYO, "Our state-of-the-art 32 inch plasma TV will be a lower cost alternative to the current LCD technology and solves the problem many consumers have in finding a quality picture TV for small living spaces." SOYO currently has 10 sales outlets carrying its 32 inch Plasma TV, including an outlet in South America.
SOYO's management team believes the introduction of a lower cost, superior quality TV is particularly advantageous in the current market, where consumers are looking to buy quality products at a lower cost. SOYO demonstrated its Plasma Technology at the Consumer Electronics Association in January 2008 and received many accolades. The Company has also stated that it anticipates using this technology in future products.
The Manufacturer's Suggested Retail Price (MSRP) is $799.99 USD, however the estimated street price is around $499.99 USD. The TV includes a one-year limited warranty.
The 32 inch plasma TV features a 1,800:1 contrast ratio, one HDMI input and supports resolution of 480p and 720i. It also features two built-in speakers that deliver enhanced stereo surround sound, advanced imaging technology that includes Digital Noise Reduction, Digital Comb Filter and Blackness Enhancement Technology and 500 nits of brightness for a crisp and vibrant picture.