Subaye Inc (PK:SBAY)
Business Focus: IT Services & Consulting
| Sector: Technology | Industry: IT Services & Consulting |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 827 S Broadway GUANGZHOU GNG 510006 |
| Tel: | N/A |
| Website: | flash.subaye.com |
| IR: | See website |
| Key People | ||
| Alexander Holtermann President, Chief Executive Officer, Chief Financial Officer, Treasurer, Secretary, Director | ||
| Business Overview |
| Subaye, Inc. (Subaye) is a provider of online business services in China. Subaye offers its bundled cloud product (BCP) to small-to-medium sized enterprises (SMEs) in the People's Republic of China. In July 2010, the second generation cloud computing product was completed. On September 1, 2010, the Company focused on the second generation cloud computing product. It offers online video as a core component of its BCP. The Company markets its BCP to its customers in China under the eNabler 2.0 brand name. Its primary Web property is www.subaye.com. During the fiscal year ended September 30, 2010, the Company discontinued its trading services business and entertainment media business. On April 29, 2010, the Company entered into a purchase and sale agreement (the Agreement) with Superb Quality Limited (Superb), pursuant to which the Company sold its 100% ownership interest in Panyu M&M Co. Ltd. |
| Financial Overview |
| For the fiscal year ended 30 September 2010, Subaye Inc revenues increased 47% to $39.1M. Net loss before extraordinary items totaled $8.4M vs. income of $5.5M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net loss reflects Marketing Promotions increase from $6.7M to $22.2M (expense), Impairment Loss increase from $0K to $6.3M (expense). |
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