Buzz Technologies (BZTG)

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Buzz Technologies Inc (OTC:BZTG): Buzz to Open B2B Raw Materials/Commodities Portal
Thursday, August 07, 2008; Posted: 06:27 AM 7 Stocks You Need To Know For Tomorrow -- Free Newsletter
Aug 07, 2008 (M2 PRESSWIRE via COMTEX) -- BZTG | Quote | Chart | News | PowerRating -- Buzz Technologies Inc (OTC:BZTG) today 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 a 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.