SHANGHAI, China, Jan. 22 /Xinhua-PRNewswire-FirstCall/ -- T-Bay Holdings Inc. (OTC Bulletin Board: TBYH) today announced that Sunplus Shenzhen Tech-Support Center will be established in February to provide more convenience and prompt service to our customers.
The Center, located in NongYuan Street, FuTian District, will take up approximately 125 square meters. It's expected it will house 25-30 engineers, half of whom will come from Shanghai and balance from Shenzhen. Preparations have been underway as scheduled.
Xiaofeng Li said, "More than half of our customers, both in terms of number and sales revenue, manufacture in Shenzhen and the nearby region, which is a traditional electronics manufacturing center in China. We believe it is necessary to set up a Tech-Support Center in Shenzhen to support the fast growth of our design service business. We expect the establishment of the Tech-Support Center in Shenzhen will enable us to provide prompt services to our existing customers and attract new customers in the near future."
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. Additional risks and uncertainties are set forth in the Company's filings with the Securities and Exchange Commission. The Company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events or changes in the Company's plans or expectations.
