Joytoto USA Inc. (JYTO) is a leading electronics components manufacturer, operating through two business segments: electronic products and components, and online games. Today the company announced an agreement with Hyundai RFmon Corp., a U.S. distributor of electronics products, in which Joytoto will manufacture, market and supply a minimum order of $10 million in electronic components.
Joytoto will provide kiosks, DVD download dispensers, smart teller machines, ATM machines and other electronic components as requested by Hyundai through 2012, per the announced agreement. The partnership is expected to boost each company toward its goals for the upcoming years, allowing each to venture beyond current operations.
“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,” Joytoto’s CEO, Michael Cho, stated in the press release.
Joytoto’s online game business segment spans operations in North America, congruent to an Exclusive North American Master License Agreement with Joyon Entertainment Co. Ltd., which gives Joytoto’s wholly-owned subsidiary access to a vast wealth of online video games in the Asian Markets.
Hyundai’s agreement with Joytoto will strengthen its expansion efforts and its goal of becoming the leading provider of total solution applications for the electromagnetic and radio frequency identification industries.
Let us hear your thoughts: Joytoto USA, Inc. Message Board