History & Development

	BBS Electronic

	Dr. Behrouz Gholamrezaey founded BBS Electronics in Singapore in September 1984 distributing electrical and electronic components for The Radio Corporation of America. In 1993, BBS Electronics Malaysia was incorporated. To better serve customers in Malaysia and to tap on the growing electronics industry in the country, two offices in Penang and Kuala Lumpur were set up. Later in May, the first overseas representative office began operations in Tehran, Iran. BBS Electronics Australia, another subsidiary, was started in March 1996 with an Australian partner for the wholesale of electronic components in Australia and New Zealand. 1999 was eventful. In view of the vast business opportunities in India three representative offices in Bangalore, Mumbai and New Delhi were established to strengthen BBS's geographical coverage in the Indian market. Being a market dominated by many sub-contract manufacturers, the Philippines presents good potentials for long-term growth. Hence, our first Philippines representative office was set up in Manila in the same year. Sales to the Philippines have since grown by 40% in FY1999 to FY2001. Riding on 2000's electronics boom, two more representative offices in Pune and Trivandrum, India, were established. Engineering facilities in the Bangalore, Mumbai and New Delhi offices were upgraded into full fledged laboratories. Market coverage in Iran also expanded with a new representative office in Shiraz, Iran. The year also saw new additions to our list of principals. By 2001, we were representing a total of 23 product lines. At the same time, we also extended our network coverage in India with two new representative offices in Hyderabad and Chennai and one in Bangkok, Thailand.

	BBS Holdings

	BBS Holdings was incorporated in February 1996 to hold our investment. In May and June 2000, we underwent a restructuring exercise to rationalise and consolidate our Group structure. Pursuant to the restructuring exercise, BBS Holdings became an investment holding company holding all our investments in our various subsidiaries.

	BBS Access

	In February 1999, we started BBS Access, our wireless communications business. Our licensing agreement with ADI granted us the right to design, develop, manufacture, market, install and operate corDECT-based Wireless Local Loop (WLL) systems. With the ADI Agreement, we are able to diversify our business and reduce our reliance on the electronic component industry through the WLL division. Our research and development on the WLL project was supported by grants from The National Science and Technology Board (NSTB) under Research and Development Assistance Scheme (RDAS) . The RDAS Grant was awarded on a reimbursement basis for R&D related capital expenditures, training and staffing costs associated with our technology development programmers.

	Digibyte Technologies

	In April 2001, we incorporated BIB'S. Technosys to undertake technology-related projects and businesses in Iran. BIB'S. Technosys subsequently changed its name to DigiByte Technologies.