Joytoto USA, Inc. News
Joytoto USA, Inc. Enters Into Agreement With Hyundai RFmon
SANTA CLARA, Calif., May 20 PRNewswire-FirstCall — Joytoto USA, Inc. (OTC Bulletin Board: JYTO), a leading electronics components manufacturer, has entered into an agreement with Hyundai RFmon Corporation (www.rfmonus.com), a US distributor of electronics products. Under the agreement, Joytoto USA, Inc. will manufacture, market and supply kiosks, DVD download dispensers, smart teller machines, ATM machines, and other electronic components as requested, upon receipt of an initial purchase order from Hyundai RFmon, with a minimum order size of $10 million US dollars. The agreement remains in effect through the year 2012.
Joytoto USA's CEO, Michael Cho, said, "Joytoto USA is fully committed to growing both its electronics business through 2008 and beyond. We are extremely excited about our agreement with Hyundai RFmon and the ability to expand our OEM and ODM business segment outside of our existing consumer electronics products portfolio."
About:
Joytoto USA, Inc. (OTC Bulletin Board: JYTO)'s two business segments are electronic products and components, and online games. The electronic products and components business is that of a virtual, original equipment manufacturer (OEM) and original design manufacturer (ODM) of consumer electronics for retailers throughout the world. Joytoto USA's online game business segment operates online games in North America pursuant to an Exclusive North American Master License Agreement with Joyon Entertainment Co., Ltd. ("Joyon Korea"). The Master License Agreement gives Joytoto USA's wholly-owned subsidiary access to Joyon Korea's library of successful online video games currently operating in the Asian markets which have generated more than $100,000,000 in the Asian markets.
Hyundai RFmon Corporation is a total solutions provider and component distribution company for the consumer, financial and telecommunications industry. In addition to the above business enterprises with Joytoto USA, RFmon has expanded their business markets and is establishing itself as the leading provider of total solution applications for the EMI (electromagnetic) and RFID (radio frequency identification) industries. RFmon has installed their first high-capacity patented RFID antennae and inlay manufacturing line in Silicon Valley, California. Full label conversion production capability is scheduled to be integrated into the RFID line by year-end. RFmon has also shipped their first EMI manufacturing system to Korea that will soon be serving the electronics and telecommunications industry in Korea and Asia. RFmon is staffed by experienced business development executives and personnel from the IT industry and has offices located in San Jose, California and Seoul, Korea.
SOURCE Joytoto USA, Inc.
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