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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 Attends CeBIT and Will Expand Market
EAGLE, Idaho, Feb. 27 /PRNewswire-FirstCall/ -- T-Bay Holdings, Inc. (OTC Bulletin Board: TBYH - News), today announced that its subsidiary, Shanghai Sunplus Communication Technology Co., Ltd. ("Sunplus"), will be participating at CeBIT, one of the world's largest IT and telecommunications events, from March 9 to 15 in Hannover, Germany. Last year, the fair included over 6,000 participants and attracted 500,000 visitors. The show includes over 200 participants from inland China, exceeding the U.S. in number. CCTV, Netease.com, and other major IT specialized media have special columns to report on this significant international event.
Being one of the largest mobile phone design houses in China, Sunplus will showcase 15 new models of mobile phones it designed recently. "We will demonstrate our design creativity and technological ability to overseas mobile phone brand name owners and telecommunication companies. We are particular targeting new markets in Eastern Europe and Latin America," said Mr. Xianfeng Li, CEO of T-Bay Holdings, Inc.
"Having developed a solid base and reputation in the domestic market of China, in the coming year, we will be aggressively strengthening our marketing effort in overseas," said Mr. Li, "We anticipate revenue of about US$10 million will be coming from overseas market during our first year of market entry."
For further information about the company's products, please visit http://www.sunpluschina.com.cn
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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