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Buzz Technologies Inc (OTC:BZTG): Buzz Corporate Update
(M2 PressWIRE Via Acquire Media NewsEdge)
RDATE:05092008
About Buzz
Buzz (OTC:BZTG) is a new type of company directly aimed at emerging
markets. Although the technology is not new, our application of
technology certainly is. Apart from the traditional search/ad business,
we have applied our search/ad technology to build an important asset,
and that asset is knowledge.
Our ability to gather and process information on specific industries
and markets provides us with the knowledge of which ones we can enter
and when.. Our prime competitor in the search ad business, Google, is a
company that has dominated the search and ad business for many years.
It has maintained that position in the face of competition from giants
such as Microsoft, Yahoo, and many others that have taken a heads on
approach in the search ad business. At Buzz we do not have such grand
aspirations of defeating Google. Well not in the short term anyway. Our
short term strategy is to take valuable ad space, and prime search
locations, and then to capitalize on them through our other divisions.
Property, Travel, and Financial services are key divisions in providing
Buzz with the returns that we need to become a Google challenger in the
next three to five years. From our property business alone, using the
advertising provided by our search and ad business, we have already
seen returns many times in excess of our competitors.
Buzz Venture Capital is another way to draw returns from our
technology, by using the technology as currency in venture capital
deals, predominately in the third world. By combining our knowledge,
our technology and our direct investment, we have acquired a long list
of assets, including properties, businesses, and investments.
As we move toward our Hong Kong listing, shareholders will see as much
fuller picture of Buzz in the soon to be released information
memorandum.
As Buzz is one of the few companies run by shareholders, we remain
committed to no dilution, no debt, cautious expansion, and the long
term growth of shareholder value.
While many challenges lay ahead, we firmly believe our asset base, cash
flow and resourcefulness will see us overcome any obstacle.
Buzz Technologies Inc announced its unaudited results for period ending
August 22, 2008.
BUZZ TECHNOLOGIES, INC.
FINANCIAL STATEMENTS
BALANCE SHEET
AUGUST 22, 2008
ASSETS
Current Assets
$35,892.00
Cash
Shares in Buzz, Inc. (at a discount to valuation, see notes)
$300,471,362.00
Total Current Assets
$300,507,254.00
Shareholders Equity
$300,507,254.00
NOTE-1 Operations
Buzz Technologies, Inc. has established a blanket agreement covering
all cost and any required expenses with Buzz, Inc. Under the agreement
Buzz, Inc. will pay any all such amounts within the prescribed period
of the debt. Buzz Technologies, Inc. now holds a significant investment
in Buzz, Inc., and will distribute that investment to holders after
which it may seek to acquire other investments or investment management
services.
NOTE-2 Accounting Policies Use of Estimates The valuation of the
Equities is below that of estimates and other valuations and has been
for now placed at $1.00, this will be reviewed again after Buzz, Inc.
is a listed entity.
NOTE-3 Contingencies
As with expenses, contingencies, if any, are now the concern of Buzz,
Inc.
Developments
Buzz joined Hoovers to provide accurate and current information to the
public as well as Journalists, Financial Publications (Online and
Offline) and Customers. Hoover's maintains a database of 23 million
companies and other organizations using an in-house editorial staff of
industry experts. The company derives most of its revenues from
subscriptions, which are sold primarily to sales, marketing, and
business development professionals. It provides less-detailed company,
industry, and executive information to non-subscribers. Hoover's also
publishes analytical features through its Hoover's Index pages, and its
Bizmology and BIZ blogs.
Buzz also commenced reporting to the Exchange as part of the ongoing
IPO process, The Information Memorandum will be distributed on Monday
the 8th of September 2008. Buzz Inc made significant progress towards
the upcoming IPO in Hong Kong.
Technology
Buzz-Inc owner of Thailand's largest online ad supplier 12buzz.com and
Thailand's most popular web search has recently started to market in
China and the balance of Asia. 12buzz.com ranks as one of the regions
most popular websites and has a large range of services and features
for users and business. The 12buzz.com mobile web has also made good
penetration across Asia lead by the company's Email Anywhere services
that easily transfers to Smart Phones, iPhones and PDAs.
All search engines have now been integrated into Buzz's ad delivery
servers. Buzz delivered in excess of 800 million ads in the month of
August. Buzz search advertisers can now bid separately for each of the
eight different search engines, as well as one of Asia's most extensive
publisher networks.
Chairwoman Sutida Suwunnavid visited clients and potential clients and
partners in South Korea. Her aim was to start introducing the
12buzz.com services to PC and Mobile manufacturers with a view to
gaining more market share by having the services installed at
manufacture. She also meets with Advertisers in the Games Industry as
Buzz Ads are now reaching millions of young Thai and Chinese people.
Thanisarra "Honey" Sinprasertwong Business Development Director of
Buzz-Inc attends ITU Telecom Asia 2008 The Asia-Pacific region is now
by far the world's largest broadband market with 39 per cent of the
total; also Asia-Pacific is the largest mobile phone market with 1.4
billion subscribers and claims 42 per cent of the world's Internet
users, a UN report revealed Monday as ITU Telecom Asia 2008 began at
Muang Thong Thani.
Buzz announced a robust and versatile addition to the company's very
popular and free Email Anywhere service. Here you can easily organize
your work, add Tasks and Appointments to specific times and dates. The
new features work and interact with PC, Mobile and even iPhone.
www.12buzz.com/email
BuzzTel opened the huge China VoIP market to resellers and Agents for
the first time in August, there are now 150 agents in China reporting
growing daily sales. Buzz offers never before seen direct control in a
total turnkey solution for those wanting to participate in the growing
VoIP market in China. Where else can you set up your on VoIP Company
and your own rates by country, agent or account? Set your very own
billing increments, issue unlimited virtual credits, provision and set
rates for VIN, easily enable Callback, manage agents, view and manage
all accounts regardless of their access method; VoIP phone, pc to
phone, phone to phone gateways, web dialers or soft phones, run a call
shop or internet cafe's? All of this is possible through the Buzz
Control Panel.
www.12buzz.com/voip
BuzzTel began offering Direct Inward Dial (DID) numbers to provide a
very low cost alternative to the high cost of direct dial international
rates from 40 countries. A Buzz International Phone Number is a local
phone number that is used by customers to forward a call over the
Internet, using Buzz VoIP technology, to your home, business or mobile
phone number. By using Buzz International numbers, you can bypass high
international long distance rates when making international calls; you
can stay connected with clients, employees or family for a fraction of
the cost. www.12buzz.com/voip
Archer Entertainment, Media and Communications www.archermc.com and
Buzz signed and executed an agreement representing a $3m USD
acquisition of Intellectual Property, Ad Space and Content.
$750 000 was settled in August and represents an investment in Search
and Ad Technology, making it the search and ad division's best day. The
deal was funded by a 3rd party private investment company, one of
several that have made funding available for Archers Projects.
12buzz.com released their Olympics LiveScore Service for the Olympics
just ahead of the opening ceremony. The service upon release was an
instant hit with existing LiveScore Clients. Much to our surprise
Football out sold Basketball 10 to 1 generating 25000 new subscribers
for the month. Servicing football and basketball at the Beijing
Olympics, the platform is operating without the need for a mobile
network carrier increasing the potential revenue by 40% for Buzz.
www.sport.12buzz.com/football/index.html and
www.sport.12buzz.com/basketball/index.html
Our competitors Microsoft Corp. (NASDAQ:MSFT), Google Inc.
(NASDAQ:GOOG) and Yahoo Inc. (NASDAQ:YHOO), bowing to pressure from the
American Senate entered into negotiations with other Internet companies
and human rights groups, to reach an agreement on a voluntary code of
conduct for activities in China and other countries the USA considers
restrictive.
Buzz (OTC:BZTG ) remains one of the few search engines that have
addressed the issue by allowing users to keep their search and other
information totally private. The move has seen Buzz soar through the
traffic rankings in many countries in Asia to become one of the regions
leading search engines.
Property
www.12property.com Thanissara Sinprasertwong Regional Development
Director of Buzz-Inc has taken on the added role of the group's
property CEO.
Thanissara Sinprasertwong introduced shareholders to Phuket, more than
just a tropical island paradise, Phuket is fast becoming a major
tourism destination and property investment continues to increase
despite the global economic downturn. Located 860 kilometers south of
Bangkok is Phuket, Thailand's largest island and home to the Buzz
operational offices, geographically located in the centre of Asia and
serviced by direct flights to most nations Phuket is an ideal location
to manage Buzz's growing and diverse interests in the region. Locally
in Phuket our focus in on our Property and Travel business which
reaches out to the world through Buzz's search/ad network and strong
web marketing ability.
One-2-Property has entered into a sales agreement with Sri Panwa to
represent Sri Panwa, Phuket's various products and services. Sri Panwa
is one of Thailand's most exclusive developments. Perched nearly 60
meters above sea level and commanding breathtaking views of the south
eastern Andaman Sea, Sri Panwa is an oasis of calm and luxury in one of
the finest locations on Phuket. Scattered throughout 30 acres of lush,
tropical surroundings are less than 20 hotel villas offering
accommodation of the highest quality, maximum privacy and superior
service.
Despite the current Political crises Sutida Suwunnavid expects this
year to be a good one for high-end property projects in Thailand.
After a stagnant first half, the Thai property sector has witnessed
substantial growth in the third quarter of the year, particularly in
the luxury condominium and housing estate segments, commercial property
has remained strong which offers an even brighter outlook, according to
Thanisarra "Honey" Sinprasertwong CEO of One-2-Property
www.12property.com.
Venture Capital
Buzz announced the company will launch a Raw Materials/Commodities
trade service which will allow international entrepreneurs to trade
direct to Asia's growing number of buyers.
Export-to-Asia will provide suppliers across the world with an
Asian-language online storefront on 12buzz.com's marketplace. It is a
user friendly, direct channel to connect international entrepreneurs
with millions of buyers in Asia. Export-to-Asia members will also
benefit from Buzz's professional translation service and promotions at
major trade shows in Asia every year.
Asia's importance in the global market is evolving from a top
manufacturing hub and exporter into a powerful global buyer as well.
Asia's growing demand for Raw Materials/Commodities is being fueled by
a booming economy and an emerging middle class. In China the most
recent trade figures indicated a continued rise in exports by 18% from
a year ago to US$121.53 billion, while imports soared 31% to US$100.18
billion, shrinking the nation's trade surplus for the month. China
currently ranks third in the world in trade volume and is expected to
become the world's biggest import market within 10 years.
The service will be limited to pre-qualified Buyers and Sellers in the
Energy/Minerals/Metals markets, the service has already signed
agreements to exclusively market minerals such as Iron Ore, Uranium and
a list of other industrial minerals.
Buzz Media(formally known as Prestige Asia) a full-service public
relations firm, has announced that the firm has been named the public
relations agency for Archer Entertainment Media and Communications
(PINK:AEMC), (www.archeremc.com) in Asia. A 1 year $250 000 contract
was signed and executed.
Buzz acquired, several web-sites, an energy facility and 2 mine
contracts all subject to further news at a later time.
Financial Services
Buzz launched a trading SMS Alert Service, to allow customers to
receive vital notifications on mobile phones to monitor positions
knowing what's happening to trades and what's happening in the market
around the clock is a very attractive option for clients.
One-2-Property and Buzz Financial Services understand the rationale for
project financing, how to prepare the financial plan, assess the risks,
design the financing mix, and raise the funds.One-2-Property and Buzz
Financial Services project financing is an innovative and timely
financing technique being offered to corporate projects in Thailand and
China. Employing a well engineered financing mix, it is available to
fund large-scale natural resource projects, from infrastructure to real
estate developments.
Increasingly, project financing is emerging as the preferred
alternative to conventional financing methods for projects worldwide.
CONTACT: Beth Simpson
Tel: 66 87 272 1727
e-mail: beth@12buzz.com
WWW: http://www.12buzz.com
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Copyright ? 2008 M2 Communications Ltd.
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