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Buzz to IPO in Hong Kong
Thursday June 26, 12:16 pm ET
HONG KONG--(MARKET WIRE)--Jun 26, 2008 -- Buzz Technologies, Inc. (Other OTC:BZTG.PK - News) has announced that the company will list on the Hong Kong Exchange via an IPO.
http://biz.yahoo.com/iw/080626/0410936.html
looks up from here
Since I spelled it wrong it is not a swear word and cannot be tossed.
Hope all this arguing pays off in the end.
Good luck
Lowe6er
I told you SO. EM
BUZZ to IPO
read and weep B*thches
Buzz to IPO in Hong KongFont size: A | A | A12:19 PM ET 6/26/08 | Market Wire
RELATED QUOTES
12:05 PM ET 6/26/08
Symbol Last % Chg
BZTG 0.03 -6.67%
Quotes delayed at least 15 minutes
Buzz Technologies, Inc. (PINKSHEETS: BZTG) has announced that the company will list on the Hong Kong Exchange via an IPO.
Current BZTG shareholders will be able to exchange 1 share in BZTG for 1 share in the new entity at the time of listing. The share structure of the new entity will exactly reflect the current 300m with no additional issue. After which the new entity will take control of the Texas entity and will see it trading as an ADR on the NASDAQ.
Participants in the IPO will need to acquire BZTG stock on market as will Investment Houses and Brokers involved in the IPO. Two Hong Kong brokers are competing for the IPO and an announcement for the lead position will be made in the coming weeks.
The IPO will be released to qualified, professional investors only in Asia. The new structure will allow for a more rapid expansion in China as well as being a tax effective base for the company to grow from. It will also bring to an end the opportunity for the rampant naked short selling practices that have spread through our current exchange.
The make up of the Hong Kong Board will be predominantly new and in keeping with the company's strong focus on Asia. The IPO will be featured at the upcoming SMART Investment Expo in Hong Kong www.smartexpos.com.
Some Directors of the Company intend on increasing their holdings but prior to that acquisition it should be pointed out that:
1. The Company has in the past released financial information 2. The Company has beaten expectations every quarter since inception 3. Estimates of $120m in revenue for 2009 may be revised upwards.
To allow for the proper dissemination of these press releases, directors will not be buying on market for the next 7 days. The directors believe this results in maximum shareholder value
From the pinksheet site.
There's been a LOT of trading suspensions for one reason or another. Let's hope ASPZ isn't next.
CSTM Suspension of Trading
AKLMQ Suspension of Trading
GLSN Suspension of Trading
TXFIQ Suspension of Trading
BENGF Suspension of Trading
SYBA Suspension of Trading
LECH Suspension of Trading
:)
buzz subsidiaries made the money over seas and had paid the taxes to that country.
What they are trying to do is establish corp that structure to reflect such before they release the numbers as to avoid US tax.
It is not rocket surgery
Lowe6er
The foreign tax credit is a credit given by the IRS to recognize the fact that you as a foreign-based employee already had to pay income tax to your host country on the income you made there.
lowe6er
One more post before I leave for the day and let the not so supportive posters take over.
Jack\BZTG says they cannot release AF because of tax reasons.
Here is part of an ABC article about another company that relocated offshore
Halliburton Co., currently the largest military contractor in Iraq with billions of dollars in Pentagon contracts, announced Sunday that it was planning to move its CEO and corporate headquarters from Houston to Dubai, the United Arab Emirates.
The move could eventually save the firm a fortune in U.S. taxes,
http://abcnews.go.com/GMA/Politics/story?id=2943017
Seems to back up his story a little bit.
Have fun
lowe6er
BZTG and Halliburton.
They relocated to Dubai from texas. How did people found out the CEO told them it was not through SEC filings.
Today, the company posted a press release on its Web site saying its chairman and CEO, Dave Lesar, had announced that he would be relocating to Dubai to open a "corporate headquarters office." Lesar made the announcement at a regional energy conference being held in the Kingdom of Bahrain.
If you would of sent the same email to the SEC about Halliburton you would of received the same response.
This is a little different because they still use GAAP accounting to stay listed on the NYSE but hopefully you get my point.
Only difference is that BZTG will probably have a bigger market cap soon.
Lowe6er
It actually is 200 dollars if you want them to prepare the forms for you.
sorry my bad.
Lowe6er
Here is the link to disolve a texas corp
49.95 worth of paper work - FACT
http://secure.uslegalforms.com/cgi-bin/forms/query.pl?S-T-TX-B-corporation~dissolve
Sell on guru.
Lowe6er
That is true local.
The point you are missing is it has nothing to with the process, location of incorp will be one of the very last things that will change.
Lowe6er
The F.
Hmm they are disted with the SEC so yes the canned response is correct. The have not filed anything.
To desolve a corp is a matter of a lawyer sending a letter. So yes they are currently incorped in Texas. Pink sheets change the location of incorp all of the time.
CTKH moved to vegas from New york total cost was about less then 5K.
Not sure I would reduce my holdings based on a few canned responses from your sources.
Good luck to you.
Lowe6er
Alexa numbers on the climb again.
http://www.alexa.com/data/details/traffic_details/12buzz.com
You guys like that not supposed to happen after hours pinkie trade?
0.0315 66000 OTO 16:02:52
0.032 20000 OTO 15:46:09
0.032 8000 OTO 15:42:52
0.032 5000 OTO 15:40:05
0.032 5000 OTO 15:40:01
0.032 15000 OTO 15:35:10
0.032 6000 OTO 15:32:28
I do agree that it is not "rocket surgery" I am leaning toward "Brain Science" though.
Anyone on the board give a third opinion on the instituitional buying?
thanks in advance
Lowe6er
I disagree but I could be mistaken. EM
Board resultions
http://www.pr-inside.com/baidu-and-googles-main-competitor-buzz-r659095.htm
Lowe6er
I am sure that they are just going to go home and start buying shares after a presentation at an expo that ended less than 24 hours ago...
Ha,
I believe that the institutions will be able to see the Fins and will sign a non disclosure form and probably a dozen others.
This does not happen over night.
This is just an opinion,
Lowe6er
I believe it did. Although I do not have a link to prove such.
I got that information via google alerts. I have not had any additional alerts on the subject or any other lawsuits.
Lowe6er
I just wanted you to supply some proof. Seems like a statement like that you should have some facts to back it up that is all.
Just though you might want to have a little credibility with your posts.
Guess not.
Lowe6er
Buzz Technologies Inc (OTC:BZTG): Buzz to Compete with Baidu and Google for China
Jun 20, 2008 (M2 PRESSWIRE via COMTEX) -- Internet marketing is still in infancy stage in China and the number of Chinese small- and medium-sized businesses has been increasing rapidly with their surging demand for online advertising. The three players in the market, Buzz has taken a different approach to Baidu and Google to capture the market.
Currently, Baidu has 160,000 corporate clients, which account for only 0.5% of all the Chinese enterprises. Google has around half that and Buzz has gone for an end user approach first.
Buzz is now introducing phase 2 of the roll out that will see each PC and Cafes become a sales terminal for Buzz products and services. Currently being implemented the system allows users to pay for VoIP, Hosting, Domain Names, Advertising and in the next phase Travel and Shopping.
Through Vertical and Horizontal Growth Buzz now has an interest in the revenue generated by: Travel Financial Services Broker FX Thai Credit Cards Games VoIP Shopping (in development) Publishing - Coming Soon TV - Coming Soon Web Publishing Real Estate Advertising IT Services Content Provision Hardware Deployment and Integration Casinos Consulting Retail Entertainment Content Distribution Piracy Protection Mobile Email Sports
Buzz now has seen 140 000 daily and 450 000 daily page views. Publisher numbers have also seen solid growth with Buzz Marketing's ads reaching an estimated 3.6m people daily across Asia.
Buzz is focused on generating Thai and Chinese business competing directly with Google, Baidu and Yahoo. The range of services now includes Advertising, Web Services,Entertainment, Property, Travel, Communications, Sports, Casinos and an extension of Financial Services, Buzz Broker is set to be launched soon.
The Buzz Livescore service for sporting events has attracted many new users to the site, currently offering live Football scores (Soccer) the service is being extended to NBA and Olympic events.
Buzz Technologies Inc has been invited as a Media Partner and Featured Presenter at the Smart Investment Expo in Hong Kong, China in June www.smartexpos.com and will continue the relationship throughout all of the Smart Expo's in Asia. Smart is Asia's leading international and investment property expo showcasing opportunities from around the world to the investment community.
About Buzz:
Buzz Technologies, Inc. is a convergent media company with operations ranging from infrastructure development to online retail.
The foregoing press release contains forward-looking statements based on the Company's beliefs as well as assumptions made by and information currently available to the Company, including statements regarding the timing of the introduction of certain products. These forward-looking statements are based largely on the Company's expectations and are subject to a number of risks and uncertainties which are identified and described in the Company's registration statements and periodic reports on file with the SEC, some of which are beyond the Company's control. Actual results could differ materially from these forward-looking statements as a result of a variety of factors including, among others, issues related to the travel and transportation industries, and prevailing economic conditions in general. In light of these risks and uncertainties, or should underlying assumptions prove incorrect, there can be no assurance that the forward-looking statements contained in this press release will in fact transpire or prove to be accurate.
CONTACT: Beth Simpson, Buzz Technologies Inc Tel: +1 66 87 272 1727 e-mail: beth@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 info@m2.com.
(C)1994-2008 M2 COMMUNICATIONS LTD
-0-
It is the calm before the storm. I am waiting for the day when I get to type my 4 favorite words.
"I told you so"
Lowe6er
Takimoon was good too! EM
Can you show me one of those PR's Penny? I have not read anything like that.
TIA
Lowe6er
Either that or they walked it down because he had a stop loss on it.
Never buy or sell at the market and never have a stop loss on the pinks.
Poor soul hope it wasn't (insert favorite board member here)
Lowe6er
The glass if half full. EM
I will go with your 5 cents but I still believe that we will hit the .135 marker, before the olympics.
As far as the buying goes I have heard that investment houses in asia can buy stocks regardless of there listing. Meaning that big money could find its way into BZTG from foreign firms. AIG doesn't hold BZTG in its portfolio.
I am also under the impression that these will not be private placements. Although I don't have hardcore evidence to back that up.
I will not back off the fact that we must have audited numbers for much of this to take place. With out them I place the top of the spectrum at a quarter.
I have seen pinks with out a pot to pee in go much higher with a lot more stock. pump or no pump.
This one has all the potential but actual tangible products and services.
Lowe6er
BZTG. is going to be one of the best investments that I have ever made. I think it is going to make so people a lot of money.
I believe that the management of this company really has a firm grasp on what it takes to make it big and grow a company into a major player.
I have supported all moves made by this company since I started buying.
I have also sent my last 2 post to the IHUB admins to make sure that they don't get removed.
Go buzz
Lowe6er
The only thing that is short with BZTG is the chance to buy for under 5 dollars. IMO.
I am under the impression that big money in the asian markets are not limited as to what they purchase such as the investment houses in the USA.
Meaning that buzz may attract some big money coming up to the investor show starting on the 21st fo june.
Pumper out...
Lowe6er
What has buzz done for me lately,
Recent Buzz news includes expansion of hardware to speed the site up as the amount of newly generated traffic had the site performing slower than desired.
Buzz has Peer 1 working on increasing the amount of servers serving up 12buzz pages. This is great and needed news.
Also I was reading in the economist that one of the largest areas of increased investment in forgien markets is specifically China and air travel. thanks Dad!
Buzz enters into a working agreement of some sort with expedia to deliver travel options to the asian market. Another great idea with tons of upside.
These are all great "on topic ideas" to discuss on this board.
Go BUZZ
Lowe6er
http://www.buzzme.12buzz.com/_forum/index.php?sub=14804&cat=3390&threadnumber=583442
Buzz and expedia
Lowe6er
Bravo.. Those were good. EM
100% EM.
Humbug! If we don't have them (numbers) before the Olympics 8-8-08 I will start to get worried.
Lowe6er
Expo
http://www.smartexpos.com/smartexpo2008/HKJUN/exhibitors.htm
GLOBAL
Booth Number: J06 BUZZ TECHNOLOGIES INC
Main Exhibit: Services
Project Location: Global
Lowe6er
Hobo look at the charts and the moving avg's 50 and 200 day.
We are doing very well.
Lowe6er