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
December 4, 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
SOYO Group Inc. today reported that the Company recently filed an application
for listing on the American Stock Exchange. The application has been received by
the Exchange, and the due diligence process has begun. The Company hopes to
qualify for listing under Option 3, which requires a $2 share price. The Company
currently meets all qualifications for listing under option 3, other than the
current share price.
The Company's Board of Directors voted to file the application at the current
time despite the current share price. The Board believes that the Company will
achieve its financial forecast for 2007, as explained to shareholders via Form
8-K on October 10, 2007, and that achieving the forecasted financial results may
organically raise the share price.
The Board of Directors has not voted on what course of action to take if the
Exchange completes its due diligence and the share price remains below $2.
Options at that time would include a reverse stock split or withdrawing the
application. Ming Chok, the Company's Chairman and CEO, informed the Board of
Directors that he would not consider a reverse stock split.
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: December 4, 2007 By: /s/ MING CHOK
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Ming Chok, CEO
Date: December 4, 2007 By: /s/ NANCY CHU
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Nancy Chu, CFO