ONTARIO, Calif., March 29 /Xinhua-PRNewswire/ -- SOYO(R) Group, Inc., (BULLETIN BOARD: SOYO) , a leading provider of computer motherboards, computer peripheral devices, and consumer electronics, today announced that it has raised $500,000 through a recent private placement of Company's common stock. The transaction was completed on March 22, 2005. An accredited investor, Ever-Green Technology (Hong Kong) Co., Ltd., purchased 500,000 restricted shares of the Company's common stock (the ''Shares'') at $1 per share. Additionally, the investor will receive 3-year warrants to purchase 100,000 shares of SOYO common stock at $1.50 per share at any time until March 22, 2008 (the ''Warrants'').

The total offering price of this offering was $500,000, which was paid in cash at the closing. If the accredited investor exercises all of the Warrants before March 22, 2008, SOYO will receive an additional $150,000.

No underwriting discounts or commissions were paid for this transaction. SOYO Group plans to use the proceeds of the financing for general corporate and working capital purposes.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. The company has filed a 8K that can be viewed at http://www.sec.gov/ .

About SOYO Group, Inc.

SOYO Group, Inc. (BULLETIN BOARD: SOYO) is a leading 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, California, 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 about the company and its products, please call (909) 292-2500 or visit our web site at http://www.soyogroup.com/ .

Safe Harbor Act Notice

This information contains forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995 (the "Act"). In particular, when used in the preceding discussion, the words "plan," "confident that," "believe," "scheduled," "expect," or "intend to," and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act and are subject to the safe harbor created by the Act. Such statements are subject to certain risks and uncertainties and actual results could differ materially from those expressed in any of the forward-looking statements. Such risks and uncertainties include, but are not limited to, market conditions, the availability of components and successful production of the Company's products, general acceptance of the Company's products and technologies, competitive factors, timing, and other risks described in the Company's SEC reports and filings. Third party statements contained herein and information contained on any third party website are not endorsed by or adopted by SOYO, nor has their accuracy been verified by SOYO.

For more information, please contact: Corporate Contact: Ms. Pat Harriman, Director of Marketing, SOYO Group, Inc. Tel: +1-909-292-2543 Email: path@soyogroup.com Technical Media Relations: Mr. Len Fernandes, Sierra Tech Public Relations Tel: +1-530-832-1613 Email: lencom@earthlink.net Investor Relations: Mr. John D. Roskelley, President, First Global Media Tel: +1-480-902-3110 Email: jroskelley@firstglobalmedia.com

CONTACT: Ms. Pat Harriman, Director of Marketing of SOYO Group, Inc.,
+1-909-292-2543, or path@soyogroup.com

Web Site: http://www.soyogroup.com/
http://www.sec.gov/