| |
ski properties for sale in flaine
News and Information Article
EAGLE, Idaho, April 12 /-FirstCall/ -- T-BAY Holdings, Inc.
(OTC Bulletin Board: TBYH), 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
companys expectations with regard to the future impact on the companys
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.
| |
|
|
 |
ski properties for sale in flaine |
|
|
|
|
|
|
|
|
|
Locations
