City of Industry, CA –May 8, 2005–Syntax Groups Corporation(tm), manufacturer of the high-quality, affordable Olevia(tm) brand of widescreen HDTV-ready LCD TVs, and One Easy Loan, a student loan consolidation company, today announced the kickoff off of a unique promotional giveaway program designed to help college graduates cope with the cost of repaying student loans at a time in their lives when they are also starting careers, families and setting up households.
Syntax Groups, one of the fastest-growing manufacturers of LCD TVs, has teamed with One Easy Loan to reach recent college graduates and others with college loans to create awareness of the benefits of student loan consolidation, and the imminent increase in student loan interest rates this July 1st. Beginning May 8th Syntax and One Easy Loan will invite those who hold student loans to share information about their views of certain products and services. One Easy Loan will giveaway $500 each day to one registered participant. Additionally, Syntax will give away one 37-inch Olevia LCD TV each week for the 13-week program.
College loan holders interested in participating in the promotional program will be directed to (www.horizonsgiveaway.com) where they have the opportunity to register to win as well as to recommend the program to friends with student loans. Participants are under no obligation to apply for or buy anything to win the cash or TV giveaways.
Surprisingly, not everyone who has college loans knows about loan consolidation, or the benefits that it can provide. “These loan holders are our employees and our customers. It is in everyone’s best interest to help them secure a solid financial future,” said James Li, Chief Executive Office, Syntax Groups Corporation. “We are very excited to be a part of this program with One Easy Loan.”
Beat Interest Rate Increases & Reduce Loan Repayment Costs
Interest rates on student loans are reset once a year based on the rate of 91-day Treasury bills. This rate is set at the U.S. Treasury’s final May auction. Based on the increases that have occurred this year in the Treasury bill, experts fully expect student loan rates to rise. Those who consolidate their student loans before July can also potentially decrease their monthly payments by as much as 58%, making loan repayment more manageable.
About Syntax Groups
Headquartered in Southern California, Syntax Groups Corporation (www.syntaxgroups.com) is a complete vertically integrated R&D, manufacturing and channel sales-driven multinational company of high value consumer electronics and computer technology convergence products for the post-PC era. Through its joint venture company, DigiMedia (www.digimedia.com.tw), formed in Taiwan with Taiwan Kolin Company (TSE:1606.TW, 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, strategic relationships with leading TFT LCD suppliers, 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 fully-featured Olevia LCD TVs through a rapidly growing channel network of national and regional retail stores in North America plus distributors and consumer-direct online partners, and internationally in Southeast Asia. To support the dramatic growth of its operations and expanding employee base of 100 people, Syntax relocated its corporate headquarters into larger premises located at 20480 E. Business Parkway, City of Industry, CA 91789.
