BEIJING, April 9, 2014 /PRNewswire/ -- SGOCO Group, Ltd.
(Nasdaq: SGOC) ("SGOCO" or the "Company"), a company focused on
product design, distribution and brand development in the display
market, today announced the launch of a new flat screen display
unit to target high-end markets, along with two upgraded versions
of its Parts-In-One PC ("PIO").
The new flat screen display unit conforms to SGOCO's new display
design features, emphasizing a stylish, slim appearance while
remaining lightweight and affordable for high-end consumers. The
21.5 inch model, framed with precious metals, comes in white,
silver or gold.
PIO is a touch-screen, user-friendly PC that is built in to a
flat screen monitor. The design is excellent for consumers who wish
to enjoy the flexibility to configure and build their own PC system
in the same vein as a traditional PC. SGOCO is set to launch two
new versions of their PIO in May
2014, and the new version features 27 and 32 inch models.
Both models feature a high resolution LED display, support 1080
progressive scanning, a pre-1.3 megapixel camera, high fidelity
stereo and surround sound performance, and a high compatibility
motherboard that can accommodate Micro ATX and Mini ITX, among
others.
Since the soft launch of their All-In-One PC ("AIO") and PIO in
June last year, the sleek design of their AIO and PIO has attracted
a whole new market for SGOCO's products, and quickly became key
drivers for revenue growth and margin expansion in the second half
of the year. These new versions of PIO will target China's internet cafes, which number over
100,000, and will be distributed through SGOCO's robust
distribution channel to thousands of large-scale computer centers
for end-users who prefer to assemble their own PC.
Mr. David Xu, President and CEO
of SGOCO commented on the launch. "We are particularly excited
about these new launches as they add to our growing line of
high-margin, high-value and application specific products. SGOCO is
committed to executing its growth strategies to diversify its
business from traditional panel-displays to smart value-added
display solutions. These product launches are a testament to our
determination to succeed in this goal."
ABOUT SGOCO GROUP, LTD.
SGOCO Group Ltd. (NASDAQ: SGOC) offers innovative display
products and solutions to consumers and businesses in various
industry verticals. By collaborating with its brand
partners and utilizing comprehensive industry knowledge in
product development, SGOCO addresses customers' rapidly-changing
display needs by delivering highly intelligent products and
solutions that integrate hardware and software in SGOCO's own brand
and licensed brands. Leveraging on its highly integrated
distribution channels, SGOCO primarily targets China's rapidly-emerging tier three and four
cities in China. SGOCO is also regarded as a reliable brand
developer. SGOCO was established in 2005 and maintains its
headquarters in Beijing, China.
For more information about SGOCO, please visit our investor
relations website http://www.sgocogroup.com.
For investor and media inquiries, please contact:
SGOCO Group, Ltd.
Kathy Ko
Investor Relations Officer
Hong Kong: +(852) 2501-0128
US: +1(646) - 5831616 (Voice mail)
Email: ir@sgoco.com
SAFE HARBOR AND INFORMATIONAL STATEMENT
This announcement contains "forward-looking" statements within
the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. These
statements are made under the "safe harbor" provisions of the U.S.
Private Securities Litigation Reform Act of 1995. All statements,
other than statements of historical fact, including, without
limitation, those with respect to the objectives, plans and
strategies of the Company set forth herein and those preceded by or
that include the words "believe," "expect," "anticipate," "future,"
"will," "intend," "plan," "estimate" or similar expressions, are
"forward-looking statements". Forward-looking statements in this
release include, without limitation, the effectiveness of the
Company's multiple-brand, multiple channel strategy and the
transitioning of its product development and sales focus to a
"light-asset" model. Although the Company's management believes
that such forward-looking statements are reasonable, it cannot
guarantee that such expectations are, or will be, correct. These
forward-looking statements involve a number of risks and
uncertainties, which could cause the Company's future results to
differ materially from those anticipated. These forward-looking
statements can change as a result of many possible events or
factors not all of which are known to the Company, which may
include, without limitation, requirements or changes adversely
affecting the LCD and LED market in China; fluctuations in customer demand for LCD
and LED products generally; our success in promoting our brand of
LCD and LED products in China and
elsewhere; our ability to have effective internal control over
financial reporting; our success in designing and distributing
products under brands licensed from others; management of sales
trends and client mix; possibility of securing loans and other
financing without fixed assets as collateral; changes in government
policy in China; the fluctuations
and competition in sales and sale prices of LCD and LED products in
China; China's overall economic conditions and local
market economic conditions; our ability to expand through strategic
acquisitions and establishment of new locations; compliance with
government regulations; legislation or regulatory environments;
geopolitical events, and other events and/or risks outlined in
SGOCO's filings with the U.S. Securities and Exchange Commission,
including its annual report on Form 20-F and other filings. All
information provided in this press release and in the attachments
is as of the date of the issuance, and SGOCO does not undertake any
obligation to update any forward-looking statement, except as
required under applicable law.
SOURCE SGOCO Group, Ltd.