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SGOCO Group, Ltd. Announces: (1) Annual Shareholders Meeting; (2) Update On Growth Initiatives; (3) New Staff Appointments

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.

Safe Harbor and Informational Statement

This press release contains "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical fact, including, without limitation, those regarding the objectives, plans and strategies of the Company set forth herein and those preceded by or that include the words "believe," "expect," "anticipate," "future," "will," "intend," "plan," "estimate" or similar expressions, are "forward-looking statements". Forward-looking statements in this release include, without limitation, the Company's strategic initiatives and the effectiveness of the Company's multiple-brand, multiple-channel strategy. 

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