HONG KONG, Oct. 12, 2015 /PRNewswire/ -- SGOCO Group, Ltd.
(NASDAQ: SGOC), ("SGOCO" or the "Company") a company focused on
product design, distribution and brand development in the Chinese display and computer product market,
today announced that its management held a Strategic Cooperation
Conference with AMD on August 28th,
2015 in Shenzhen,
China.
The conference successfully invited the most of famous network
maintenance customers, computer motherboard vendors, storage
vendors and peripheral manufactories in China. During the conference, both companies
unveiled their new products and announced their future market plan
in the Internet cafe
industry. SGOCO and AMD's management gave each other an
affirmation on future influence on the Internet cafe industry, and
both agreed on working to produce a strategic cooperation plan to
promote SGOCO's new ultrathin
AIO/PIO with AMD Radeon graphics card – series 3 together to the
Internet cafe market.
Regarding the cooperating plan agreed with AMD, Mr. Shi-Bin
Xie, Chief Executive Officer,
commented, "According to the recent market research, the total
market capacity of PC/AIO/PIO used in Internet cafe is around 15 million
units. Through this strategic cooperation plan with AMD, SGOCO
is targeting to increase its market share to reach 10% by selling
our new launched AIO with a set of software to the Internet
cafe market."
About SGOCO Group, Ltd.
SGOCO Group, Ltd. is focused on product design, brand
development and distribution in the Chinese display and computer
product market. SGOCO sells its products and services in the
Chinese market and abroad. 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.
Tony Zhong
Vice President of Finance
Tel: +852- 2501 0128
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 and 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
trend and client mix; possibility of securing loans and other
financing without efficient fixed assets as collaterals; 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; changing principles of generally accepted accounting
principles; 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.
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SOURCE SGOCO Group, Ltd.