SGOCO Group, Ltd. (SGOC)
rebote muy fuerte +75%Reunión anuales de accionistas de la compañía se celebrará el 28 de diciembre de 2012, a las 9:00 hora de Beijing. La reunión se llevará a cabo en la Oficina de Beijing de la empresa, ubicada en 1817 Suite, torre de plata de Beijing, distrito de Chaoyang, Beijing, China. Las cuestiones que se votará en la sesión se establecen en la declaración de representación de la empresa ante la U.S. Securities and Exchange Comisión de 26 de noviembre de 2012. Accionistas registrados el 16 de noviembre de 2012 serán elegibles para votar en esta reunión.
2. Update on Growth Initiatives
The Company is transitioning to a "light-asset" business model. The Company is implementing several strategic initiatives that are expected to drive and contribute to its revenue and profit growth over the next 12-24 months:
1). Diversify Product Portfolio: SGOCO is expanding its existing flat-panel display product lines to include e-boards and smart phones. The Company is also in the stage of researching application specific products (ASPs) and integrated solution products.
2). Broaden Customer Base: SGOCO continues to expand into the US flat-panel display market through its US subsidiary, SGO Corp., in addition to its core Chinese domestic customer base.
3). Increase Brand Portfolio: SGOCO intends to further enhance its brand portfolio of five flat-panel display brands by signing licensing agreements with new brand owners.
4). Resource Optimization: SGOCO plans to continue its efforts to reduce costs and increase resource optimization to better serve customers and improve overall efficiency in the areas of management, sales, brand and product development. The change in the Company's business model from a "heavy asset" model to a "light asset" model is expected to shift the sales and distribution model from its current distributor-focus to a more diversified model including direct sales to the industry end-customers with its tailor-made ASP products. It is also anticipated the Company will change its sales and distribution team to meet its customers' evolving needs.
Mr. Burnette Or, Chairman and Chief Executive Officer of SGOCO, commented "We believe implementing the preceding initiatives – multi-products, multi-channels, multi-brands and resource optimization – will establish SGOCO as a leading innovator of flat-panel display products for years to come. We expect to build a new sales team focusing on higher-margin products, including ASP integrated-solution sales. We believe implementing the latest technological innovations and developing more sophisticated flat-panel display products will further increase our market recognition domestically and internationally. That should result in greater revenue and profit growth in 2013 and beyond."
3. New Staff Appointments
In addition, Mr. Or stated that "we are pleased to have appointed Ms. Serena Wu as our new Investor Relations Manager to enhance our communication with the investment community. In addition, we are equally pleased to have appointed Ms. Liang Cheng as our new Internal Control Manager to strengthen our overall internal controls over financial reporting. SGOCO strives to improve continuously the management of its business, and further enhance its public company functions."
About SGOCO Group, Ltd.
SGOCO Group, Ltd. is a company focused on product design, brand development and distribution in the Chinese flat panel display market, including computer monitors, TVs and application specific products. The Company sells its products and services in the Chinese market and abroad.
For more information about SGOCO, please visit our investor relations website
http://www.sgocogroup.com.
