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T-Bay Holdings Kicks Off Anyka-Based Solutions

2007-03-19 16:30 5431

SHANGHAI, China, March 19 /Xinhua-PRNewswire-FirstCall/ -- T-Bay Holdings Inc. (OTC Bulletin Board: TBYH) announced today that T-Bay Holdings Inc. will kick off a series of solutions based on the Anyka-Based chipset platform. T-Bay has established strategic relationship with Anyka since 2003, to co-develop multi-media Global Systems for Mobile Communications (GSM) handsets for the China market. Anyka Inc. is a leading provider of multimedia application processors founded in Silicon Valley. The Company also expects its relationship with Anyka will lead to its access to the new technology of Infineon, a leading chipset solutions provider.

The series of solutions named as 61xx and 67xx, will target the mid & high end market in China. With functions of TV-OUT, 2.4-2.8 inch touch Panel, Bluetooth free-hold calling, Dual Speaker, E-book&E-map, Simulator games, T-Bay believes they will be good choices for mid-income young customers who are ready to try new functions. The series of 61xx and 67xx solutions, along with VIA-based and MTK-based solutions, will be exhibited on CeBIT in Hannover, Germany 15-21 March, 2007.

Xiaofeng Li, Chief Executive Officer of T-Bay Holdings, stated, "The newly promoted series of Anyka-Based solutions will further expand our line of products to provide mobile communication solutions to a larger segment of the marketplace. Since August 2006, we added strategic relationship with VIA, MTK, which greatly expanded and diversified our product portfolio to cover low-end, mid-end and high-end market segments. We now have dozens of solutions that we have been developing and expect to kick off in the next few months. We believe our newly developed solutions and products will continue to support our further growth."

About Anyka Inc.:

Anyka is a fabless design house founded in Silicon Valley and rooted in mainland China. It is one of the pioneers in mobile multimedia application area and one of the major providers of multimedia application processors.

Anyka is mainly engaged in designing, marketing and sales of VLSI for mobile end products and provides customers with open development platforms and reference designs for mobile multimedia handheld devices based on its own processors as well.

About Infineon Inc.:

Infineon is a leading innovator in the international semiconductor industry. It designs, develops, manufactures and markets a broad range of semiconductors and complete system solutions targeted at selected industries. The products serve applications in the wireless and wireline communications, automotive, industrial, computer, security and chip card markets. Infineon's product portfolio consists of both memory and logic products and includes digital, mixed-signal and analogue integrated circuits (ICs) as well as discrete semiconductor products and system solutions.

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, ANYKA, SKYWORKS. Currently, major customers of SunPlus include CECT, Siemens Mobile, Shenzhen Laidi and Cosun.

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 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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