Mr. Burnette Or, President and Chief Executive Officer of SGOCO, commented on the results. "Our performance over the second quarter demonstrated our continued strength in the flat-panel display market, as revenue grew 39% year over year and net earnings increased by 176% from last year. These positive signs are indicative of the success we have achieved in implementing our four-prong strategy to position the Company in a promising direction for the future.
"Our four-prong strategy enables us to focus on strengthening our brand portfolio, specializing in high-growth industry verticals, diversifying our product lines and expanding distribution channels across China's tier three and four cities. These strategies are being well-implemented and we are pleased with the results of our efforts. We have received positive feedback for our newly developed products, the touch-screen Parts-In-One (PIO) and All-In-One (AIO) PC. We expect these new products to further drive our growth in the second half of the year and to facilitate the expansion of our sales and distribution networks in various areas of China. As a result, we are able to strengthen our solid brand portfolio and expand our market share.