T-Bay Holdings Inc (GREY:TBYH)

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.

Reverse Merger Filing

2011 Update:

As a result of the change in consumer preference away from the types of mobile phone handsets to which our design service and our mobile phone components were suited, our business has been in decline. Management has concluded that this trend will not reverse, and therefore in September 2010 we suspended operations and have concentrated on collecting our accounts receivable. Management also seeks new business opportunities. It is not possible to predict whether this effort will succeed, or whether we will ever again engage in active business operations.

2013 Update

TBHY completes another reverse merger transaction

Headquartered in Singapore, Xirxi Inc. is a leading business-to-consumer, and business-to-business, ecommerce company in Asia. Since its inception, Xirxi has focused on delivering useful multilingual technology. With a loyal and rapidly growing customer base established, the Company has expanded into select general merchandise categories in the retail and wholesale sectors. Xirxi believes it will be the only real competitor to Alibaba in Asia and also that its Retail section is more accessible locally that Amazon and more far reaching than Dang Dang.

Xirxi has over a decade of experience in e-commerce market and has developed best-in-class supply chain management expertise and strong and, in some cases, exclusive relationships with suppliers throughout Asia, which enable the Company to offer a wide selection of quality products at competitive prices. The Company’s Region wide fulfillment and delivery network, consisting of 12 logistic centers locating in strategic locations, allows it to offer expeditious product delivery that is an important element of online shopping experience.