Barrow Street Research Initiates Coverage of SOYO Group, Inc. NEW YORK, March 8 /Xinhua-PRNewswire/ -- Barrow Street Research ("BSR"), an independent equity research company, has initiated coverage of SOYO Group, Inc. (OTC:SOYO) (BULLETIN BOARD: SOYO) with a Buy rating and a 12-18 month target of $3-$4. BSR announced the following: -- For 2005, we believe the company can post revenues of about $40 million and be in a break-even position. Moreover, 2006 is shaping up to be a very strong year, particularly if, as many economists believe, information technology spending speeds up. We believe that, during the coming years, SOYO Group will make solid strides in improving its financial condition, which should result in a steady upward movement in the stock's valuation. BSR believes that over the next 12-18 months the stock can trade in the $3-$4 range. -- SOYO Group is poised to embark upon a period of growth in both sales and earnings that should allow the valuation of the stock to improve significantly. The expected gains in both these areas will be fueled by a more aggressive marketing strategy that will seek to further exploit the already recognized 'brand name' status of the company. -- While SOYO Group's core business has been computer motherboards, it has succeeded in leveraging this advantage by aggressively featuring computer peripheral products and state-of-the-art Voice over IP ('VoIP') equipment and services. Many of the new products being introduced by SOYO Group will carry higher profit margins. -- Recommend a "Buy" rating based on the company's emergence into higher margin lines of business. SOYO Group has established a well-respected name in the competitive world of information technology and consumer electronics, with the company's products being sold by world-class retailers like Wal-Mart, Best Buy, Circuit City, Fry's Electronics and CompUSA. The entire report can be viewed online at the following URL: http://www.barrowstreet.com/ . Disclaimer: Barrow Street Research, Inc. (hereinafter referred to as 'BSR') is a research firm that produces investment research reports and other financial communications. This report is based on BSR's independent analysis and judgment, but relies on material supplied by the subject company and other sources believed to be reliable. Except as otherwise indicated, BSR has made no independent verification and does not guarantee the information's accuracy or completeness. The information continued in this report is subject to change without notification. The information contained in this report is not intended to be, and shall not constitute, an offer to sell, nor solicitation of any offer to buy, any security. Investors are advised to consult their personal broker or investment advisor before making any decision concerning the subject company. Investors are also urged to do their own due diligence. In our opinion, only high-risk oriented investors who can risk the loss of their entire investment should even consider a commitment to. BSR has received compensation in the form of $5,000 and 5,000 shares of restricted common stock from First Global Media Inc for its time and due diligence in preparing this research report. All readers are urged to peruse SEC documents relative to the subject company before making any investment decision. No reproduction of this report is permissible without the consent of BSR. All rights reserved. Copyright Barrow Street Research, Inc. 2005. For more information, please contact: Mr. John D. Attalienti, Barrow Street Research, Inc. Tel: +1-212-741-3207 DATASOURCE: Barrow Street Research, Inc. CONTACT: Mr. John D. Attalienti of Barrow Street Research, Inc., +1- 212-741-3207 Web Site: http://www.barrowstreet.com/

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