Washington, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT

                       Pursuant to Section 13 or 15(d) of
                       the Securities Exchange Act of 1934

                                 October 10, 2007
                Date of Report (Date of earliest event reported)

                                SOYO GROUP, INC.
             (Exact name of registrant as specified in its charter)

        Nevada                         333-42036                95-4502724
----------------------------     ------------------------    -------------------
(State or other jurisdiction     (Commission File Number)      (IRS Employer
    of incorporation)                                        Identification No.)

                            1420 South Vintage Avenue
                         Ontario, California 91761-3646
          (Address of principal executive offices, including zip code)

                                 (909) 292-2500
              (Registrant's telephone number, including area code)

          (Former name or former address, if changed since last report)

Check  the  appropriate  box  below  if the  Form  8-K  filing  is  intended  to
simultaneously  satisfy the filing obligation of the registrant under any of the
following provisions:

[ ]  Written communications pursuant to Rule 425 under the Securities Act

[ ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act

[ ]  Pre-commencement   communications  pursuant  to  Rule  14d-2(b)  under  the
     Exchange Act

[ ]  Pre-commencement   communications  pursuant  to  Rule  13e-4(c)  under  the
     Exchange Act

Item 8.01 Other Events

SOYO Group Inc.  today  reported  preliminary  unaudited  results  for the third
quarter, which ended September 30, 2007, as well as updated revenue guidance for
the Fiscal year ending December 31, 2007. While results of the third quarter are
still being finalized, the Company expects to report record revenues,  exceeding
$34,000,000,  and blended  gross  margins of 13.5  percent.  In  addition,  SOYO
estimates  profits to total  $1,000,000,  or two cents per share for the quarter
ending September 30, 2007.

Nancy Chu, SOYO's Chief Financial  Officer commented "We were very successful in
promoting our LCD monitors through a national chain of office super stores,  and
our Prive  product  line sales in Canada  were also  significantly  higher  than
expected.  Sales of our Le Vello  furniture line and other high margin  products
were in line with our  expectations.  As a result,  our gross  margin in dollars
were above our expectations, while our blended gross margin percentage was lower
than anticipated."

Ming Chok,  SOYO's Chief Executive  Officer stated in his letter to shareholders
"I believe that we can reach, or exceed, $50 MM in sales over the second half of
the year, while maintaining our 16 percent gross margin. By carefully monitoring
our expenses, we could earn as much as seven to eight cents per share on a fully
diluted basis in 2007."

SOYO now  anticipates  the fiscal  years  gross  margin to be  approximately  15
percent, and earnings of three cents per share for the fourth quarter.  Based on
these results the company will adjust its year end projections to be $98 million
dollars in revenue and .07 EPS.  Previously we had estimated  annual revenues of
$88 million dollars and .07-.08 EPS. SOYO's shareholder letter stated that $50MM
and 16% were  predicated on its ability to raise an additional $5 MM in capital.
The Company  has not yet raised that  capital and this is the reason we were not
able to maintain the 16 percent blended margin.


     Pursuant to the  requirements  of the Securities  Exchange Act of 1934, the
Registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned hereunto duly authorized.

                                         SOYO GROUP, INC.

Date: October 10, 2007                    By:   /s/ MING CHOK
     -------------------                       ---------------------------
                                                Ming Chok, CEO

Date: October 10, 2007                    By:   /s/ NANCY CHU
     -------------------                       ---------------------------
                                                Nancy Chu, CFO