Syntax Groups Completes Move to New Corporate Headquarters to Support Rapid Expansion

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Syntax Groups Corporation, manufacturer of the high-value, low-priced Olevia brand of widescreen HDTV-ready LCD TVs, today announced that it has relocated its corporate headquarters into new, larger premises in Southern California in order to support the dramatic growth of its operations.

Syntax Groups Corporation(tm), manufacturer of the high-value, low-priced Olevia(tm) brand of widescreen HDTV-ready LCD TVs, today announced that it has relocated its corporate headquarters into new, larger premises in Southern California in order to support the dramatic growth of its operations. Effective immediately, Syntax Groups is located in the Fairway Business Center at 20480 E. Business Parkway, City of Industry, CA 91789, and the new main phone number is (909) 859-8400.    

The new premises increases the company’ operational space to 100,000 square feet. In addition to providing more efficient office space to accommodate its approximately 100 employees, Syntax has added many customized amenities throughout its new facility, including a state-of-the-art assembly and quality control center to assure the highest product quality of its Olevia LCD TVs, a corporate reception area, and product show room and executive conference rooms for facilitating meetings with customers and business partners.

“Syntax Groups is growing at an exponential rate, and we our move to larger premises ensures that we have the infrastructure in place to accommodate this growth,” said James Li, Chief Executive Officer of Syntax Groups. “As a further representation of our dramatic growth and optimism for our future developments, we are targeting revenue of approximately $150 million and the completion of an IPO in our current fiscal year 2005.”

Since March 2004, Syntax Groups has delivered on its mission to design and mass-produce digital convergence consumer electronics products with superior specifications and market-leading low prices, and support consumers of its Olevia brand with a unique customer-friendly after-sale program. Syntax has rapidly established broad distribution of its first three Olevia LCD TV models through leading Internet sales channels, and regional and national consumer electronics stores throughout North America.

To globally extend its Olevia brand, the company opened Syntax Far East Ltd., its own distribution and service center in Hong Kong, and through its alliance with Taiwan Kolin Company, is utilizing the KolinPhil, Inc. (http://www.kolinphil.com.ph) sales and service network to penetrate the Southeast Asia region.

About Olevia LCD TV's

Syntax’ Olevia family of LCD TV's feature industry leading specifications, including the highest contrast ratios for sharp, vivid pictures, dual TV tuners, VGA and TV split screens, DVI inputs with HDCP, ultra-thin flat panel LCD screens, fast refresh rates and response times, and 14-16 rows of transistors for image brilliance and clarity. Models with a dual NTSC TV tuner provide picture-in-picture capability, as well as the ability to display split-screens or up to 12 windows displayed concurrently for multiple channel scanning. Using the VGA input, consumers can connect the Olevia LCD TV to a PC to use as a multimedia display, or they can watch TV or movies on one half of the display, while simultaneously checking email or surfing the Internet on the opposite side.

About Syntax Groups

Headquartered in Southern California, Syntax Groups Corporation (http://www.syntaxgroups.com) is a complete vertically integrated R&D, manufacturing and channel sales company of high value consumer electronics and computer technology convergence products for the post-PC era. Syntax Groups maintains a competitive advantage over global brands due to its technology and engineering, lower prices, lower cost infrastructure, rapid channel distribution, and quick response to market dynamics. Through its joint venture company, DigiMedia (http://www.digimedia.com.tw), formed in Taiwan with Taiwan Kolin Company (TSE 1606.TW, http://www.kolin.com.tw), Syntax Groups controls a powerful end-to-end supply chain including R&D and manufacturing of backlights for its LCD TVs, optical engines for LCOS TVs, a strategic relationship with Chi Mei Optoelectronics (TSE 3009.TW, http://www.cmo.com.tw) for Olevia’s high-grade LCD panels, mass production manufacturing of LCD TVs and LCOS TVs, quality control, channel sales, marketing and distribution with a solid back-end customer support program. Syntax sells its full-featured Olevia LCD TVs though a rapidly growing channel network of consumer-direct online partners, and regional and national retail stores in North America, and internationally in Southeast Asia.

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Syntax Groups Corporation and Olevia are trademarks of Syntax Groups Corporation.

Contact:

Pattie Adams

Syntax Groups Corporation

909/859-8432

pr@syntaxgroups.com

http://www.syntaxgroups.com

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