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Newsroom - Clients - TBYH
The following news and investment research items reflect some of the recent business activity for selected clients of Empire Relations Group, Inc. Additional information for investment research can be found in the featured clients section. News and investment research are for informational purposes only.
T-BAY Holdings, Inc.
T-BAY Holdings Announces Three Exciting, New Products
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EAGLE, Idaho, Feb. 2 /PRNewswire-FirstCall/ -- T-BAY Holdings, Inc. (OTC Bulletin Board: TBYH - News) announced today that it has completed three newly designed cell phone products numbered: 9701, 9702 and 9901. All three already have been contracted for production and are at their early design stage.
"We are very pleased with this instant acceptance by manufacturers of our latest products," said Xiaofeng Li, the CEO of T-BAY Holdings, Inc. "It continues our trend of designing products for the largest segment of the Chinese cell phone market -- the young, affluent, upwardly mobile segment of the population of emerging adults and young professionals."
Of the three design solutions, two of them provide a new video output function that easily communicates interchangeably with both television and personal computers, including games and videos that can be played on the cell phone but seen on the television or PC. The third one also has a strong video function with an auto-focus camera that can be used as a digital camera. All three have common PDA functions: SMS, E-book, FM, e-mail, MP3 and MP4. They are scheduled to be available on the market by the end of March.
Expected retail sales of these three products are expected to be in excess of 500,000 sets, bringing a gross profit of up to $4.5 million USD collectively to Shanghai Sunplus Communication Technology Co., LTD, T-BAY's subsidiary. The manufacturers have expressed their eagerness to book the products into their manufacturing schedule as soon as possible.
"The new contracts may be attributed to our fame and reputation in design industry in China," Mr. Li continued. "Sunplus designs have been widely accepted by the China market because we understand what our customers need and want. Additionally, our manufacturing partners have found that products designed by Sunplus are very competitive in price and quality, and sell very well to their market segment. Therefore, more and more companies are turning to Sunplus products to help increase their market share."
About T-BAY Holdings, Inc.
T-BAY conducts its mobile phone design business through its 95% owned subsidiary, Shanghai Sunplus Communication Technology Co., Ltd. ("Sunplus"). Established in October 2002, Sunplus is a Sino-foreign joint venture providing total solution and full-range design services to leading mobile handset brand owners in China. The broad spectrum of services that Sunplus provides include overall product design, mechanical design, module architecture design, software design, prototype production, product testing, manufacturing and after-sale technical support. The Company currently has a staff of 160, comprised mostly of engineers and software programmers.
Sunplus develops its mobile phone modules based mainly on the chipset platform provided by Skyworks. Currently, major customers of Sunplus include CECT, Panda Electronics and Siemens Mobile.
Sunplus was jointly formed by Wise Target International Limited, Amber Link International Limited and Shanghai Fanna Industrial Product Design Co., Ltd. Wise Target and Amber Link are 100% subsidiaries of T-BAY Holdings, Inc. and they altogether hold 95% shareholding in Sunplus.
Safe Harbor Statement Under The Private Securities Litigation Reform Act of 1995: The statements in the press release that relate to the company's expectations with regard to the future impact on the company's results from new products in development are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The results anticipated by any or all of these forward-looking statements may not occur.
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About T-BAY Holdings
T-BAY Holdings, Inc. owns 95% of Shanghai Sunplus Communication Technology Co., LTD. (“Sunplus”). Sunplus is a leading telecommunications device design company specializing in products in the cellular phone, MP3 players, PDA's and other hand-held electronic products.
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