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Sunday, March 16, 2008 12:53:57 PM
INTRODUCTION
Buzz Technologies, Inc. has had rather an unconventional start in the murky world of the Pinksheets. As a foreign company started in Phuket, Thailand, the path chosen was the most direct path to listing. The company now has divided it’s jurisdictional headquarters between Hong Kong, the Caribbean and Switzerland and is in the process of gaining an “F” status on the exchange, that will allow the company to fully report financials without the burden of USA taxes. Both Yahoo and Google learnt the lesson of proper corporate structure too late and have had to undergo costly reorganizations.
The unconventional start is reflective of an unconventional organization, with a prime physical head office in one of world’s pristine playgrounds, Phuket, Thailand. Our tropical island location has provided an atmosphere of creativity and challenge in a very low cost labor environment; it has also inspired us to become the first truly green Internet Technology Company.
Now it’s time for the company to move to a new public ownership status, bringing important benefits for our employees, for our present and future shareholders and most importantly our customers. As the standard structure of public ownership would jeopardize our cost structure and focused objectivity, we have designed a corporate structure that will protect our ability to innovate and diversify.
We are confident that despite that protracted length of time taken to build the structure the new Buzz will bring the greatest economic return for Buzz Technologies, Inc. and it’s shareholders. We want to clearly explain our plans and the reasoning and values behind them.
We are delighted you are considering acquiring Buzz Technologies, Inc. as part of your portfolio and ask you to read all available information on this site.
Sean Lee
CEO
Buzz Technologies, Inc.
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