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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: [email protected] WWW: http://www.12buzz.com ((M2 Communications Ltd disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to [email protected])). Copyright ? 2008 M2 Communications Ltd. |