TBYH to Postpone 10K Filing

2008-07-02 00:43 804

SHANGHAI, China, July 2 /Xinhua-PRNewswire/ -- T-Bay Holdings Inc. (OTC Bulletin Board: TBYH) today announces that the Company will need more time to prepare its annual report for fiscal year ended March 31, 2008.

As the annual report of the Company cannot be completed by June 30, 2008, the Company has filed NT 10-Q to have a 15-day extension for 10K filling. The Company expects to release its 10K filing on July 7, 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 and 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, 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.
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