Barrow Street Research Upgrades SOYO Group to a ''Strong Buy''; Price Target in the Vicinity of $4 over the Next 12 Months.ONTARIO, Calif. -- Barrow Street Barrow Street may refer to:
BSR Baltic Sea Region BSR British Society for Rheumatology BSR Bootstrap Router (networking) BSR Bonsoir (French) BSR Bottom-Simulating Reflector "), an independent equity research company, has upgraded its rating of SOYO SOYO Society of Orthodox Youth Organization (R) Group, Inc., (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :SOYO) a leading provider of computer motherboards, computer peripheral devices Computer peripheral devices Any device connected internally or externally to a computer and used in the transfer of data. A personal computer or workstation processes information and, strictly speaking, that is all the computer does. , and consumer electronics. John D. Attalienti, President of BSR commented, "In our opinion, SOYO's improved financial results reflect the execution of its business strategy. In addition, the company has implemented a series of aggressive cost control initiatives. We expect SOYO will continue to grow its revenue and improve profitability during the second half of 2005 as the company introduces new lines of consumer electronics, broadband communications and computer products. Accordingly, we are upgrading our opinion of SOYO to a STRONG BUY, and continue to believe the stock can trade in the vicinity of $4." The research report cited the following: --2nd Quarter income was $102,119 compared to a loss of $928,781 from Q2 2004 --2nd consecutive profitable quarter --A decrease of 22% in 2nd Quarter expenses --Continuing reduction in operating costs operating costs npl → gastos mpl operacionales --A 128% increase in gross margin --The elimination of more than $3 million in debt The entire report can be viewed online at the following URL URL in full Uniform Resource Locator Address of a resource on the Internet. The resource can be any type of file stored on a server, such as a Web page, a text file, a graphics file, or an application program. : http://www.barrowstreet.com/ Disclaimer: Barrow Street Research, Inc. (hereinafter referred to as "BSR") is a research firm that produces investment research reports and other financial communications. This report is based on BSR's independent analysis and judgment, but relies on material supplied by the subject company and other sources believed to be reliable. Except as otherwise indicated, BSR has made no independent verification and does not guarantee the information's accuracy or completeness. The information continued in this report is subject to change without notification. The information contained in this report is not intended to be, and shall not constitute, an offer to sell, nor solicitation of any offer to buy, any security. Investors are advised to consult their personal broker or investment advisor Investment Advisor 1. A person making investment recommendations in return for a flat fee or percentage of assets managed, known as a commission. 2. For mutual fund companies, it is the individual who has the day-to-day responsibility of investing and monitoring the cash and before making any decision concerning the subject company. Investors are also urged to do their own due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. . In our opinion, only high-risk oriented investors who can risk the loss of their entire investment should even consider a commitment to SOYO. BSR has received compensation in the form of $5,000 and 5,000 shares of restricted common stock from First Global Media Inc for its time and due diligence in preparing this research report. All readers are urged to peruse pe·ruse tr.v. pe·rused, pe·rus·ing, pe·rus·es To read or examine, typically with great care. [Middle English perusen, to use up : Latin per-, per- SEC documents relative to the subject company before making any investment decision. No reproduction of this report is permissible without the consent of BSR. All rights reserved. Copyright Barrow Street Research, Inc. 2005. About SOYO Group, Inc. SOYO Group, Inc. (OTCBB:SOYO) is a leading global provider of computer, consumer electronics, and broadband telecommunications products and services. Headquartered in Ontario, California, with 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, including Walmart.com, eCost.com, Fry's, PC Mall and Tiger Direct, among others. For more information about the company and its products, please call (909) 292-2500 or visit our Web site at http://www.soyogroup.com. |
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