Washington, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT

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

                                October 16, 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 Inc. today  announced to  shareholders  that the first  Honeywell  Consumer
Electronics product to be developed, the Honeywell SecuraDrive(TM), is currently
in production and will be available for sale by December 2007.

The product line will be available  in 80 GB, 120 GB and 160 GB  capacities  and
the  Manufacture  Suggested  Retail  Price  (MSRP) will be $249.99,  $299.99 and
$349.99 USD respectively.

The  Honeywell  SecuraDrive(TM)  contains  a USB  2.0  Hi-Speed  interface  with
transfer speeds of up to 480 Mbits per second. The  SecuraDrive(TM)  line is Bus
powered,  and each drive comes with a travel case,  cables and CD Software.  The
SecuraDrive(TM)  will  utilize the Samsung  SpinPoint N2 line of 1.8 inch drives
which feature 8 MB buffer,  4200 RPM, and up to 1500G of non-operational  linear
shock.  The Honeywell  SecuraDrive(TM)  password  technology  allows the user to
allocate  part or all of the hard drive  capacity to be public or  private.  The
Honeywell  SecuraDrive(TM)  line of drives  are  compatible  with the  Microsoft
Windows operating systems.

SOYO Group Inc.  announced to its shareholders in February 2007 that the Company
signed a license  agreement  with  Honeywell  Intellectual  Properties  Inc. and
Honeywell  International Inc., effective January 1st 2007, under which SOYO will
supply and market  certain  consumer  electronics  products  under the Honeywell

The  agreement  is for a minimum  period of 6.5 (six point five) years and calls
for the payment of MINIMUM  royalties by SOYO to Honeywell  totaling  $3,840,000
(Three Million,  Eight Hundred and Forty Thousand Dollars U.S.). Sales levels in
excess of minimum  agreed  targets  will result in  associated  increases in the
royalty payments due.


     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 16, 2007                   By:    /s/ MING CHOK
     -------------------                       ---------------------------
                                                Ming Chok, CEO

Date: October 16, 2007                   By:    /s/ NANCY CHU
     -------------------                       ---------------------------
                                                Nancy Chu, CFO