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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.
3G Market Expanding and T-Bay Will Take Advantage
Announces its timeline on 3G phone development
EAGLE, Idaho, March 8 /PRNewswire-FirstCall/ -- T-Bay Holdings, Inc. (OTC Bulletin Board: TBYH - News) announced today its timetable on 3G phone development. 3G is a specification for the third generation (analog and digital PCS were the first two) of mobile communications technology. 3G technology will be incorporated into most top-end phones. It is a broadband, packet-based transmission of text, digitized voice, video, and multimedia offering a consistent set of services to mobile computer and phone users no matter where they are located in the world. 3G services will add an invaluable mobile dimension to services that are already becoming an integral part of modern business life: Internet and Intranet access, video conferencing, and interactive application sharing. This technology will be a big driver in music and multimedia downloads.
In late December 2005, Chinese officials indicated that much-awaited licenses for private telecom operators to provide China's next generation (3G) wireless services should be issued this year. The 3G services would allow operators to provide extras such as quicker transmission, information downloading and emails to China's 400 million mobile phone users, the largest wireless market in the world. According to Analysys International, a leading provider of business information about the technology, new media and the telecom industries in China, the total number of 3G mobile communication subscribers will reach 100 million within five years. The quick adoption of the technology and the cutting edge design T-Bay will incorporate will help to keep it at the forefront of the industry.
On February 27, 2006, The Wall Street Journal issued an article titled "China Is Set to Spend Billions on Wireless Upgrade." The premise of the article is that as China prepares for the 2008 Beijing Olympics it will upgrade and create what is likely to become the world's biggest 3G wireless network. "Executives expect Chinese to adapt quickly to 3G, in part because they have been eager users of the few bells and whistles that current technology allows. Some predict that more Chinese will eventually access the Internet via cell phones than through computers. Estimates on how much China will spend on 3G vary widely. However, all the numbers are large and significant."
There are 3 main steps for T-Bay's 3G development. T-Bay's timetable includes:
Sign cooperation contracts with platform providers by June 2006.
Complete 3G phone design solutions based on platform and model making
by the end of year 2006.
Sell products on the market before June 2007.
Mr. Xiaofeng Li, CEO of T-Bay Holdings, commented, "The timetable is mainly based on current development of 3G technology and the Chinese Telecommunication industry. The 3G networks are still setting up and testing in some major cities like Beijing, Shanghai, and Guangdong. The networks will be available in major cities in the next 6 to 12 months, and widely spread by the end of 2007. By providing design solutions by the end of this year and having products on the market during mid-2007, our timing will be right."
"The timetable is based on our understanding on current 3G development worldwide," said Eric Xue, Chief Technology officer of T-Bay. Mr. Xue recently led a team participating in the 3GSM World Congress 2006 in Barcelona, Spain from Feb. 13-16, 2006. "We collected significant useful information on development of 3G in the conference and communicated with many international fundamental technology suppliers and 3G phone manufacturers."
Mr. Xiaofeng Li also disclosed that T-Bay will possibly develop and design 3G phones based on two different platforms, both of which from big companies with international reputation. The double-platform strategy will enable T-Bay more flexibility, a distinct competitive advantage.
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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