SOYO Soyo Group Inc (CE)

Dutton Associates updates its coverage of SOYO Group Inc. (OTCBB: SOYO), 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 before investing.