SHANGHAI, China, July 7 /Xinhua-PRNewswire-FirstCall/ -- T-Bay Holdings
Inc. (OTC Bulletin Board: TBYH) today announces that the Company anticipates
the revenue for the year ended March 31, 2008 increased to more than $45.6
million, approximate 29% to 30% growth compared to $35,236,000 for the year
ended March 31, 2007.
On June 30, the company has filed NT 10-K to have a 15-day extension for
filing its 10K for the year ended March 31, 2008.
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 VIA, MTK, SKYWORKS, ANYKA, INFINEON. Historically, our
customers included multinational brand names such as Motorola, NEC, Siemens,
China Telecom, Panasonic and Alcatel. Our major customers in China include
Feihu Commnunication, Shenzhen Henkai, Qiao Xing Famous Technology, Shenzhen
LaiDi, Shenzhen Siecom and CECT.
Safe Harbor Statement Under The Private Securities Litigation Reform Act
of 1995: The statements in this 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.
SOURCE T-Bay Holdings Inc.