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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.
Highlights of T-BAY Conference Call
EAGLE, Idaho, April 12 /PRNewswire-FirstCall/ -- T-BAY Holdings, Inc. (OTC Bulletin Board: TBYH - News), a leading mobile device designer, announced today highlights of its conference call held April 11, 2006:
Amex Listing anticipated later this year.
Expansion into Latin America and Eastern Europe.
30-35 new products expected in the coming year.
Fiscal year ending 3/31/05 earnings were approximately $6 million.
Fiscal year ending 3/31/06 earnings expected to be $9 to $11 million.
Growth is anticipated to continue for the current fiscal year. Growth
is anticipated to be 8 to 10% in its core business with its current
customers. Additional growth will come from new geographic regions,
new products and potential acquisitions.
The company is one of only approximately 10 design houses in China to
provide total design solutions including hardware design, software
design, appearance design and mechanical design.
Cash flow from operations increased in excess of $2 million during Q4,
ending 3/31/06.
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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