SOYOG GROUP/QIAO XING SIGN PACT FOR VOIP PHONE INITIATIVE.SOYO SOYO Society of Orthodox Youth Organization Group, Inc. (BULLETIN BOARD: SOYO), a provider of computer motherboards, computer peripheral devices Computer peripheral devicesAny 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, has announced its newly formed strategic partnership with Qiao Xing Universal Telephone, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :XING), one of China's leading telecommunications companies See telecom company. . Qiao Xing has supplied SOYO's Voice Over IP (VoIP) phone, with an initial order of 5,000 sets. Ming Chok, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. 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 according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. 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 Vested Interest A financial or personal stake one entity has in an asset, security, or transaction. Notes: For example, if you have a mortgage, your bank has a vested interest on the sale of your house. See also: Right 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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