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SOYOG GROUP/QIAO XING SIGN PACT FOR VOIP PHONE INITIATIVE.

SOYO Group, Inc. (BULLETIN BOARD: SOYO), a provider of computer motherboards, computer peripheral devices, and consumer electronics, has announced its newly formed strategic partnership with Qiao Xing Universal Telephone, Inc. (NASDAQ:XING), one of China's leading telecommunications companies. Qiao Xing has supplied SOYO's Voice Over IP (VoIP) phone, with an initial order of 5,000 sets.

Ming Chok, CEO of SOYO Group said, "Qiao Xing is one of China's largest telecommunications companies with the scale and capacity to handle all of our current and future product and market needs. The VoIP market, according to Juniper Research, has been forecasted to exceed US$32 billion by 2009. This represents approximately 12% of entire telephony market. We intend to leverage our existing distribution channel as well as our unique product offering to expand into this fast growing market."

In a recent announcement, SOYO Group introduced its Z-Connect Voice over IP Telephone and Router. Each delivers VoIP capabilities with zero set-up fees, zero monthly fees, zero service contracts, zero software configurations, and zero hidden charges.

Wu Ruilin, Chairman of Qiao Xing Universal said, "We were honored when such a well known international brand such as SOYO approached us with the Z-Connect concept. We have a vested interest in seeing SOYO meet every objective with this product offering. As a part of our recently announced VoIP initiative we are very excited to partner with SOYO and their expansion into VoIP market in U.S."

About SOYO Group, Inc.

SOYO Group, Inc. (BULLETIN BOARD: SOYO) is a global provider of computer, consumer electronics, networking and broadband telecommunications products and services that meet the needs of all markets -- from the end-user to the enterprise. Headquartered in Ontario, Calif., with sales offices in Sao Palo, Brazil, SOYO Group sells its products through an extensive network of authorized distributors, resellers, system integrators, VARs, retailers, mail-order catalogs and e-tailers.

For more information, call 909/292-2500 or visit http://www.soyousa.com.
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Title Annotation:Voice over Internet Protocol; Qiao Xing Universal Telephone, Inc
Publication:Worldwide Telecom
Geographic Code:1USA
Date:Jan 1, 2005
Words:322
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