Subaye, Inc. (PK: SBAY): Update to ShareholdersHong Kong, July 13th, 2011 –
The new management of Subaye, Inc. (“Company”), has been devoting extensive time and
efforts into the search for and identification and collection of the Company’s assets and
business and financial records, all of which were under the exclusive control and possession
of former management. These efforts by the Company have been somewhat frustrated and
delayed by the difficulties resulting new management’s inability to locate and communicate
with the Company’s former management. In this regard, legal counsel has been retained and
instructed to pursue former members of the Company’s management, demanding immediate
and unrestricted access to all assets and records of the Company.
While vigorously pursuing former management, through several means and methods, to
obtain a full accounting of all assets and operations, as well as an immediate hand-over of
all Company assets and records, new management has also undertaken vigorous measures
to contact and survey the Company’s existing customer base and to determine the current
status of users and members of the Company’s website and services, all in a determined
effort to preserve and protect the Company’s business and operations.
The new management of the Company will keep the financial community and shareholders
advised of new developments in these regards.
Disclaimer:
Forward-Looking Statements Certain statements contained herein constitute "forward-looking
statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These
forward-looking statements are based on current expectations, estimates and projections about
Subaye, Inc.'s industry, management's beliefs and certain assumptions made by management.
Readers are cautioned that any such forward-looking statements are not guarantees of future
performance and are subject to certain risks, uncertainties and assumptions that are difficult to
predict. Because such statements involve risks and uncertainties, the actual results and performance
of the Company may differ materially from the results expressed or implied by such forward-looking
statements. Given these uncertainties, readers are cautioned not to place undue reliance on such
forward-looking statements. Subaye, Inc.'s operations are conducted in the People's Republic of
China ("PRC") and, accordingly, are subject to special considerations and significant risks not typically
associated with companies in North America. These include risks associated with, among others, the
political, economic and legal environment and foreign currency exchange. The Company's results
may be adversely affected by changes in the political and social conditions in the PRC and by
changes in governmental policies with respect to laws and regulations, anti-inflationary measures,
currency conversion, remittances abroad, and rates and methods of taxation. Other potential risks
and uncertainties include but are not limited to the ability to procure, properly price, retain and
successfully complete projects, and changes in products and competition. Unless otherwise required
by law, the Company also disclaims any obligation to update its view of any such risks or
uncertainties or to announce publicly the result of any revisions to the forward-looking statements
made here. Readers should review carefully reports or documents the Company files periodically with
the Securities and Exchange Commission.
For more information, please contact:
Alexander Holtermann
Chief Executive Officer
at: info@subayehk.com
