Exhibit 99.1

SGOCO GROUP, LTD. ANNOUNCES

RECORD REVENUE AND NET INCOME FOR 2010 THIRD QUARTER

Jinjiang City, China – November 17, 2010 – SGOCO Group, Ltd. (OTCBB: SGTLF), (the “Company” or “SGOCO”), a national distributor, designer and manufacturer of flat panel displays, including liquid crystal display (“LCD”) and LED PC Monitors, TVs and application-specific display solutions in China, today announced its unaudited operating results for the three and nine months ended September 30, 2010.

Third Quarter 2010 vs. Third Quarter 2009

· Total revenue increased by 295.0% to $71.7 million, compared to $18.2 million;

· Gross margin was 13.6%, compared to 24.4%;

· Operating income increased by 114.5% to $8.9 million, compared to $4.2 million;

· Net income increased by 113.2% to $7.5 million compared to $3.5 million.

· Fully diluted EPS was $0.79, as compared to $0.42.

· Non-GAAP diluted EPS, which excludes changes in fair value related to warrant derivative liability, was $0.77 up from $0.42.

Nine Months 2010 vs. Nine Months 2009

· Total revenue increased by 304.8% to $134.1 million, compared to $33.1 million;

· Gross margin was 14.4%, compared to 15.2%;

· Operating income was $15.9 million, compared to $4.4 million;

· Net income increased by 252.7% to $11.9 million, compared to $3.4 million.

· Fully diluted EPS was $1.28, as compared to $0.40.

· Non-GAAP diluted EPS, which excludes changes in fair value related to warrant derivative liability, was $1.37, up from $0.40.

 ___________________________

1 The non-GAAP measures and related reconciliations to GAAP measures are described in the accompanying sections of “About Non-GAAP Financial Measures” and “Reconciliations of Non-GAAP Financial Measures to Comparable GAAP Measures.”

Management’s Discussion & Analysis of the Results of Operations for the Three Months Ended September 30, 2010

The following analysis compares the results of operations for the third quarter of 2010 with those of the third quarter of 2009.

Revenue

Revenue for the third quarter ended September 30, 2010 was $71.7 million, an increase of 295.0% from $18.2 million in the third quarter of 2009. The Company saw strong sales growth as it expanded its sales base with new customers. Additionally, the improved economic environment and strong growth in exports supported the trend.

Gross Margin

The gross margin as a percent of sales was 13.6% for the three months ended September 30, 2010, compared to 24. 4% for the three months ended September 30, 2009. The gross margin in the third quarter 2009 was exceptionally high due to a firming of average selling prices while at the same time the Company sold inventory that had been acquired at depressed prices during the financial crisis.  The costs related to SGOCO Club were $0.3 million for the three months ended September 30, 2010. We did not incur any costs during the three months ended September 30, 2009, as the SGOCO Club model was established in the fourth quarter of 2009.

Net Income and EPS

Net income for the third quarter of 2010 was $7.5 million, compared to $3.5 million recorded for the same period last year. Non-GAAP net income which excludes changes in fair value related to warrant derivative liability was $7.3 million, compared to $3.5 million a year ago. Diluted EPS was $0.79 in the third quarter of 2010, compared to $0.42 in the third quarter of 2009. Non-GAAP diluted EPS, which excludes changes in fair value of warrant derivative liability, was $0.77 in the third quarter of 2010, compared to $0.42 in the third quarter of 2009.

Operating Expenses

Selling, general and administrative expenses amounted to approximately $0.9 million for the three months ended September 30, 2010, an increase of approximately $0.6 million, or 202. 2% compared to $0.3 million for the three months ended September 30, 2009. As the Company’s sales increased, selling expenses increased accordingly.  The increase in general and administrative expenses was mainly due to: (i) additional costs related to professional fees including audit and legal fees associated with being a public company as it completed its reverse merger in March 2010 and (ii) increase in headcount to meet production growth and the hiring of new officers.

Provision for Income Taxes

Income tax was $1.1 million for the three months ended September 30, 2010 compared to $0.5 million, during the three months ended September 30, 2009. The increase in income taxes resulted from the Company’s greater profits.

Cash and Working Capital

As of September 30, 2010, the Company had cash and cash equivalents of $11.8 million and working capital of $24.8 million, compared to $5.8 million and $7.9 million, respectively, as of December 31, 2009. The Current Ratio was 1.29 as of September 30, 2010 compared to 1.17 as of December 31, 2009.

“2010 has been a year of transformation as SGOCO became a public company. We have taken several steps to strengthen our position and take advantage of new business opportunities in the Chinese emerging markets. We are thrilled with the performance and strength of our business. The $71.7 million in revenue for the quarter and over $7.5 million in net income, both represent all-time records for SGOCO,” said Mr. Or, CEO and President of SGOCO.

“We sold more in the three months ending September 30, 2010 than we did in the entire first six months of 2010.We have increased the number of SGOCO Club partners to 403 stores as of September 30, 2010. This is a proven record of our capability to capitalize on the growth opportunities in the markets. As we remain committed to our strategy of multiple brands and multiple channels, we expect more exciting developments for the remainder of the year,” added Mr. Or.

About SGOCO Group, Ltd.

SGOCO Group, Ltd. is a national distributor, designer and manufacturer of branded flat panel displays, including LCD/LED PC monitors, LCD/LED TVs and application-specific display products in China. SGOCO is dedicated to providing high quality, branded flat panel display solutions at affordable prices for Chinese consumers and emerging markets worldwide.

For more information about SGOCO, please visit 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 with respect to the objectives, plans and strategies of the Company set forth herein and those preceded by or that include the words "believe," "expect," "anticipate," "future," "intend," "plan," "estimate" or similar expressions, are "forward-looking statements". Although the Company's management believes that such forward-looking statements are reasonable, it cannot guarantee that such expectations are, or will be, correct. These forward-looking statements involve a number of risks and uncertainties, which could cause the Company's future results to differ materially from those anticipated. The Company assumes no obligation to update any of the information contained or referenced in this press release.

About Non-GAAP Financial Measures

We use non-GAAP adjusted net earnings to measure the performance of our business internally by excluding non-cash charges related to warrants and shared-based compensation. We believe that the non-GAAP adjusted financial measure allows us to focus on managing business operating performance because the measure reflects our essential operating activities and provides a consistent method of comparison to historical periods. We believe that providing the non-GAAP measures that we use internally is useful to investors for a number of reasons. The non-GAAP measure provides a consistent basis for investors to understand our financial performance in comparison to historical periods without variation of non-recurring items and non-operating related charges. The Company believes that both management and investors benefit from referring to these non-GAAP financial measures in assessing the Company’s performance and when planning and forecasting future periods. Non-GAAP measures are subject to inherent limitations because they do not include all of the expenses included under GAAP and because they involve the exercise of judgment regarding which charges are excluded from the non-GAAP financial measure. However, we compensate for these limitations by providing the relevant disclosure of the items excluded.

The following table provides a non-GAAP financial measure and a reconciliation of that non-GAAP measure to the GAAP net income:

SGOCO GROUP, LTD.

Reconciliations of Non-GAAP Financial Measures to Comparable GAAP Measures

(US dollars in thousands, except per share data and percentages)

		Three Months Ended September 30, 2010												Three Months Ended September 30, 2009
		GAAP				Adjustments				Non-GAAP				GAAP				Adjustments				Non-GAAP
Net income		$	7,531				(211)	(a)		$	7,320			$	3,533				-	(c)		$	3,533
Net margin			10.5	%			(0.3)	%(a)			10.2	%			19.5	%			-	(c)			19.5	%
Diluted EPS		$	0.79			$	(0.02)	(d)		$	0.77			$	0.42				-	(c)		$	0.42

		Nine Months Ended September 30, 2010												Nine Months Ended September 30, 2009
		GAAP				Adjustments				Non-GAAP				GAAP				Adjustments				Non-GAAP
Net income		$	11,915			$	814	(b)		$	12,729			$	3,378				-	(c)		$	3,378
Net margin			8.9	%			0.6	%(b)			9.5	%			10.2	%			-	(c)			10.2	%
Diluted EPS		$	1.28			$	0.09	(d)		$	1.37			$	0.40				-	(c)		$	0.40

(a) Adjustment to exclude changes in fair value related to warrant derivative liability of $(211,000) from other expense(income), which was reported in the unaudited consolidated statements of income and other comprehensive income.

(b) Adjustment to exclude changes in fair value related to warrant derivative liability of $814,000 from other expense (income), which was reported in the unaudited consolidated statements of income and other comprehensive income.

(c) Changes in fair value related to warrant derivative liability only incurred from the first quarter of 2010. No such expense (income) was incurred in 2009.

(d) Non-GAAP diluted EPS is computed by dividing Non-GAAP net income attributable to SGOCOTechnology, Ltd. by the weighted average number of dilutive ordinary shares outstanding for the respective periods.

For investor and media inquiries, please contact:

Company Contact	Investor Relations Representative
China	United States
SGOCO Group, Ltd.	The Equity Group, Inc.
Peggy Yuan	Lena Cati
Tel: + 86-10-5879-7435 ext 808	Tel: 212 836-9611 / lcati@equityny.com
Email: peggy@sgoco.com	Linda Latman
	Tel: 212 836-9609 / llatman@equityny.com

SGOCO GROUP, LTD. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

		September 30,				December 31
		2010				2009
		(Unaudited)
ASSETS
CURRENT ASSETS
Cash		$	11,827,788			$	5,808,013
Restricted cash			6,325,444				5,596,699
Accounts receivable, trade			48,717,301				18,641,548
Accounts receivable - related parties			251,299				224,407
Other receivables			216,041				121,226
Other receivables - related parties			656,154				-
Inventories			25,375,216				4,011,505
Advances to suppliers			17,246,462				11,950,074
Advances to suppliers - related parties			27,315				8,954,051
Other current assets			374,080				20,746
Total current assets			111,017,100				55,328,269
PLANT AND EQUIPMENT, NET			17,228,019				15,729,350
OTHER ASSETS
Intangible assets, net			8,553,629				8,412,366
Other non-current assets			-				2,693
Total other assets			8,553,629				8,415,059
Total assets		$	136,798,748			$	79,472,678
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES
Accounts payable, trade		$	36,074,666			$	3,490,937
Accrued liabilities			126,106				74,147
Bank overdraft			1,476,136				717,562
Notes payable			21,703,423				18,709,038
Short-term loan			22,177,905				19,230,756
Other payables			1,024,567				382,978
Other payables - related parties			-				198,875
Customer deposits			2,054,556				457,761
Customer deposits - related parties			-				335,056
Taxes payable			1,598,324				3,872,916
Total current liabilities			86,235,683				47,470,026
OTHER LIABILITIES
Warrant derivative liability			1,908,698				-
Put option derivative liability			2,000,000				-
Total other liabilities			3,908,698				-
Total liabilities			90,144,381				47,470,026
COMMITMENT AND CONTINGENCIES
SHAREHOLDERS' EQUITY
Preferred stock, $0.001 par value, 1,000,000 shares authorized,nil issued and outstanding as of September 30, 2010 and December 31, 2009			-				-
Ordinary shares, $0.001 par value, 50,000,000 shares authorized, 16,094,756 and 14,300,000 issued and outstanding as of September 30, 2010 and December 31, 2009			16,095				14,300
Paid-in-capital			19,037,683				17,263,916
Statutory reserves			2,726,310				1,286,942
Retained earnings			21,870,055				11,394,086
Accumulated other comprehensive income			3,004,224				2,043,408
Total shareholders' equity			46,654,367				32,002,652
Total liabilities and shareholders' equity		$	136,798,748			$	79,472,678

SGOCO GROUP, LTD. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF INCOME AND OTHER COMPREHENSIVE INCOME

(UNAUDITED)

		Three months ended September 30,								Nine months ended September 30,
		2010				2009				2010				2009
REVENUES:
Revenues		$	55,901,224			$	12,922,389			$	97,032,397			$	25,974,808
Revenues - related parties			-				2,540,575				12,549,795				4,080,501
Other operating income			15,845,849				2,700,762				24,505,507				3,073,125
Total revenues			71,747,073				18,163,726				134,087,699				33,128,434
COST OF GOODS SOLD:
Cost of goods sold			47,671,144				9,842,811				82,316,858				22,951,362
Cost of goods sold - related parties			-				2,061,702				10,230,151				3,003,741
Other operating expenses			14,306,692				1,821,043				22,228,435				2,143,474
Total cost of goods sold			61,977,836				13,725,556				114,775,444				28,098,577
GROSS PROFIT			9,769,237				4,438,170				19,312,255				5,029,857
OPERATING EXPENSES:
Selling expenses			182,922				38,810				366,347				76,677
General and administrative expenses			679,907				246,739				3,034,763				515,049
Total operating expenses			862,829				285,549				3,401,110				591,726
INCOME FROM OPERATIONS			8,906,408				4,152,621				15,911,145				4,438,131
OTHER INCOME (EXPENSES):
Interest income			20,422				2,022				63,184				3,618
Interest expense			(267,799	)			(218,490	)			(660,319	)			(576,378	)
Other income (expense), net			(274,813	)			109,585				(563,901	)			6,037
Change in fair value of warrant derivative liability			211,080				-				(813,748	)			-
Total other income (expenses), net			(311,110	)			(106,883	)			(1,974,784	)			(566,723	)
INCOME BEFORE PROVISION FOR INCOME TAXES			8,595,298				4,045,738				13,936,361				3,871,408
PROVISION FOR INCOME TAXES			1,064,181				512,501				2,021,024				493,170
NET INCOME			7,531,117				3,533,237				11,915,337				3,378,238
OTHER COMPREHENSIVE INCOME:
Foreign currency translation adjustment			793,940				248,776				960,816				(22,765	)
COMPREHENSIVE INCOME		$	8,325,057			$	3,782,013			$	12,876,153			$	3,355,473
EARNINGS PER SHARE:
Basic		$	0.79			$	0.42			$	1.29			$	0.40
Diluted		$	0.79			$	0.42			$	1.28			$	0.40
WEIGHTED AVERAGE NUMBER OF COMMON SHARES:
Basic			9,527,932				8,500,000				9,260,594				8,500,000
Diluted			9,527,932				8,500,000				9,278,054				8,500,000

SGOCO GROUP, LTD. AND SUBSIDIARIES

CONSOLIDATED STATEMENT OF SHAREHOLDERS' EQUITY

																						Accumulated
														Retained Earnings								Other
		Ordinary Shares								Paid-in				Statutory								Comprehensive
		Shares				Par Value				Capital				Reserves				Unrestricted				Income				Total
BALANCE, December 31, 2008			14,300,000			$	14,300			$	14,183,916			$	571,035			$	4,950,920			$	2,060,272			$	21,780,443
Shareholder contribution											2,090,000																2,090,000
Net income																			3,378,238								3,378,238
Adjustment for statutory reserve															345,219				(345,219	)							-
Foreign currency translation adjustment																							(22,765	)			(22,765	)
BALANCE, September 30, 2009 (Unaudited)			14,300,000				14,300				16,273,916				916,254				7,983,939				2,037,507				27,225,916
Shareholder contribution											990,000																990,000
Net income																			3,780,835								3,780,835
Adjustment for statutory reserve															370,688				(370,688	)							-
Foreign currency translation adjustment																							5,901				5,901
BALANCE, December 31, 2009			14,300,000				14,300				17,263,916				1,286,942				11,394,086				2,043,408				32,002,652
Shares issued for recapitalization			1,027,933				1,028				4,501,937																4,502,965
Shares placed in escrow			766,823				767																				767
Payments of financing costs																											-
Shareholder contribution											366,780																366,780
Reclassification of warrants to derivative liabilities											(1,094,950	)															(1,094,950	)
Reclassification of put options to derivative liabilities											(2,000,000	)															(2,000,000	)
Net income																			11,915,337								11,915,337
Adjustment for statutory reserve															1,439,368				(1,439,368	)							-
Foreign currency translation adjustment																							960,816				960,816
BALANCE, September 30, 2010 (Unaudited)			16,094,756			$	16,095			$	19,037,683			$	2,726,310			$	21,870,055			$	3,004,224			$	46,654,367

SGOCO GROUP, LTD. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

(UNAUDITED)

		Nine months ended September 30,
		2010				2009
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income		$	11,915,337			$	3,378,238
Adjustments to reconcile net income to cash provided by (used in) operating activities:
Depreciation and amortization			721,805				448,129
Change in fair value of warrant derivative liability			813,748				-
Change in fair value of put option			-				-
Change in operating assets and liabilities:
Accounts receivable, trade			(29,182,600	)			(21,833,913	)
Accounts receivable - related parties			(21,915	)			2,145,577
Other receivables			(105,946	)			(975,496	)
Inventories			(20,912,054	)			(1,196,871	)
Advances to suppliers			(4,964,267	)			(4,862,812	)
Advances to suppliers - related parties			8,951,625				(39,341	)
Other current assets			(262,349	)			34,300
Change in operating liabilities
Accounts payable, trade			31,947,666				425,168
Accrued liabilities			(84,554	)			16,343
Notes payables			2,566,425				5,124,510
Other payables			622,750				(3,596,085	)
Other payables - related parties			(900,754	)			10,990,431
Customer deposits			1,559,863				1,142,742
Customer deposits - related parties			(335,970	)			(29,680	)
Taxes payable			(2,312,911	)			964,889
Net cash provided by (used in) operating activities			15,899				(7,863,871	)
CASH FLOWS FROM INVESTING ACTIVITIES:
Payments on equipments and construction-in-progress			(2,577,280	)			(3,032,202	)
Purchase of intangible assets			(6,384	)			(4,897,543	)
Cash received from legal acquirer			5,913				-
Net cash used in investing activities			(2,577,751	)			(7,929,745	)
CASH FLOWS FROM FINANCING ACTIVITIES:
Increase in restricted cash			(603,623	)			(2,270,419	)
Bank overdraft			730,979				1,268,282
Proceeds from government			735,500				2,492,030
Proceeds from short-term loan			23,376,595				12,313,560
Repayments on short-term loan			(20,867,069	)			-
Shareholder contribution			366,780				2,090,000
Proceeds from recapitalization			5,388,083				-
Repayments on shareholder promissory notes			(100,000	)			-
Payments of financing costs			(666,468	)			-
Net cash provided by financing activities			8,360,777				15,893,453
EFFECT OF EXCHANGE RATE ON CASH			220,850				(23,742	)
INCREASE IN CASH			6,019,775				76,095
CASH, beginning of period			5,808,013				352,568
CASH, end of period		$	11,827,788			$	428,663
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Interest expenses paid (net of amount capitalized)		$	660,319			$	576,378
Income taxes paid		$	1,183,405			$	-
Non-cash investing activities
Construction-in-progress transferred to property plant and equipment		$	2,697,347			$	-