TBSS International, Inc. Announces Beginning of Production to Fill Order Backlog of $3.2 Million for Energy Efficient Neon Lighting

TAMPA, Fla., Jan. 5, 2012 /PRNewswire/ -- TBSS International, Inc. (OTCQB: TBSS.OB) ("TBSS"), an international service company with service contracts in gold mining, oil drilling, water well drilling, trenching and construction and energy efficient lighting, announced today that the company has initiated production of neon lighting units to fulfill a $3.2 Million order backlog.

As previously announced,  TBSS International purchased certain assets of Velella International Lighting, Inc. which included the life of patent rights to Velella's energy-efficient neon lighting technology (patent # 6,471,369), three facilities, inventory valued at $4 million and the order backlog of $3.2 million. The three locations include a warehouse facility in Ft. Lauderdale, Florida, a warehouse and research and development facility in St. Thomas, Virgin Islands and a manufacturing and warehouse location in Shanghai, China that will be relocated to the United States.  
 
Todd Spinelli, CEO of TBSS International, Inc., said, "We have begun to manufacture the neon lighting units to fill the standing orders for neon lighting units and anticipate the orders to be filled and revenue recognized this quarter.  In addition, we are in negotiations with a number of companies interested in installing our proprietary neon lighting and we expect to be announcing a number of contracts over the next few weeks."

Spinelli added, "We are very excited to have closed on our previously announced Asset Purchase Agreement with Velella. In the course of conducting our due diligence, the neon lighting patent value appraisal by a third party placed a value of between $84 Million to $144 Million. Although we understand that patent appraisals are somewhat of an inexact science, we feel that TBSS shareholders will benefit significantly in the future as we aggressively introduce this energy efficient technology to the marketplace."

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About TBSS International, Inc.

TBSS International is a domestic and international service company with service contracts in different sectors such as gold mining, oil drilling, water well drilling, trenching and construction and recently entered the energy efficient lighting market. The management team of TBSS has been in the construction industry since 1950 with a strong reputation for completing contracts on time and within budgets.  TBSS's competitive advantages stems from the company's joint venture partners, their respective technological expertise and proprietary technology and the company's own intellectual property. The corporate website is at http://www.tbssinternational.com

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Forward-looking statements are not statements of historical fact. They are management's present expectations of future events, and include comments about the Company's business strategies and objectives, the prospects for growth in the Company's various business operations and the Company's future financial performance. As with any projection or forecast, forward-looking statements are inherently susceptible to uncertainty and changes in circumstances that could cause actual results or events to differ materially from those anticipated in such statements.

Contact:

TBSS International IR
855-OIL-GOLD
855-645-4653 Press 1 for IR

TBSS International Media
855-OIL-GOLD
855-645-4653 Press 2 for Media

SOURCE TBSS International, Inc.