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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 Accelerates Training Readying for Expansion
EAGLE, Idaho, March 16 /PRNewswire-FirstCall/ -- T-Bay Holdings, Inc. (OTC Bulletin Board: TBYH - News) entered into a training agreement with Influence Education Training Group (IETG) (http://www.influence.com.cn), a leading training group in China. The agreement allows for up to 100 people to participate in hundreds of training courses, including management training, sales training and technical training.
Influence Education Training Group, with abounding experience in corporation training, is considered to be one of the most famous training groups in China. They have been recognized as one of the top 10 most influential training groups in China for three successive years since 2002, providing training service to big companies. T-Bay intends to improve comprehensive competitive capacity upon other design houses by training competitive employees.
Additionally, the company entered into an agreement with 51job (Nasdaq: JOBS - News), to offer at least 50 different courses to T-Bay employees per year. During 2006, the company plans to spend $150,000 on corporation training.
"As we continue to accelerate our growth, we must do more than continue to be at the cutting edge of the design business. We must strive for excellence in all areas of our business. Through additional training and education we will make sure that our top executives understand the technical aspects of the company and its industry and also the complex business tools necessary for success as a public company. We will be sending employees to receive job related training and senior managers to receive MBA courses. Experienced designers and those who just received professional training from training institutions will arrange inner training to spread the knowledge, and discussing with colleagues how we can improve the efficiency," said Mr. Xianfeng Li, CEO of T-Bay Holdings, Inc.
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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