Buzz Technologies (BZTG)

[MarketInsider]

No Changes at Heffernan Holdings as Listing Looms
Last Update: August 24, 2010 08:55 ET

Heffernan Holdings will be trading with in weeks and the company is happy to report there have been no changes to the business or corporate plans.

BZTG shareholders will take on a Heffernan Holdings stock on a 1 for 1 basis, the company will then plan on moving to another OTC market prior to a shift in the primary listing to Asia.


One of Heffernan Holdings Manufacturing Plants

Heffernan Holdings (BVI) is made up of a number of investment holding companies. It operates through various business divisions in Asia: Property, Technology, Finance, Mining, Energy, and Industrial. The company owns and operates a number of subsidiaries, is involved in joint ventures and partnerships as well as being invested in many listed securities and private ventures. Among these companies are Ebeling Heffernan, Archer Asia, Xirxi, Buzz, SplashScreen, Xtreme Developments, and more.

Heffernan Holdings holds positions in over 80 listed companies to varying degrees as well as being invested in commodities and other derivative markets.

Heffernan Holdings investment portfolio in Property is principally comprised of hotels and condominium projects in Asia, as well as serviced apartments, hotel interests, and other residential accommodations.

The Manufacturing division manufactures, markets, and distributes the products from washing machines to motor vehicles and spare parts in partnership with Ebeling Heffernan.

The Financial Services division operates a number of businesses many in partnership with Ebeling Heffernan all concentrated on Asian markets and will expand into the securities sector in 2010.

Our Energy investments include Asian Energy Inc. a supplier of solar energy and a leading manufacturer of solar products in Asia.

Our Mining interests in Asia include Coal, Oil & Gas, Mn Ore, Iron Ore, Gold, and Quartz.

Last week a major acquisition was made the target company has revenue in excess of $220m USD.

In Technology we are launching the www.xirxi.com platform. We have built and own the www.12buzz.com, our games company, Splashscreen is set to release games in Asia in 2010 on iPhone, PS3, and PC, and our premium outsourcing service www.XEDV.com has already generated solid revenue.

There will be no new issue of stock and the dividend etc will still occur when the company makes the shift to the Asian Exchange.

News in relation to each sector will be made after the listing.