SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
November 13, 2007
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Date of Report (Date of earliest event reported)
SOYO GROUP, INC.
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(Exact name of registrant as specified in its charter)
Nevada 333-42036 95-4502724
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(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification No.)
1420 South Vintage Avenue
Ontario, California 91761-3646
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(Address of principal executive offices, including zip code)
(909) 292-2500
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(Registrant's telephone number, including area code)
N/A
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(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
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In a letter to shareholders dated September 10, 2007, Mr. Ming Chok, Chief
Executive Officer of SOYO Inc., stated "Currently, we are negotiating to raise
$5 million cash which will be used as a bank deposit to further increase our
borrowing capabilities."
Over the past 60 days, the Company has met with several potential financing
sources. The Company has been unable to come to terms with any third party
funding sources that would not be dilutive in nature to the current
shareholders. Shareholder value is of the utmost importance to Soyo Group Inc.
and therefore as a result, The Company has suspended any current efforts to
raise additional capital at this time. The Company further wishes to inform
shareholders that previously issued projections for the 4th quarter will not be
effected. As previously stated, the Company believes it will reach $98 million
in 2007 revenues.
SIGNATURES
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.
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Registrant)
Date: November 13, 2007 By: /s/ MING CHOK
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Ming Chok, CEO