Buzz Technologies (BZTG)

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Buzz Technologies Inc (OTC:BZTG): Buzz to Bid on Baidu Europe

Sep 04, 2008 (M2 PRESSWIRE via COMTEX) -- As a result of conversations held today Buzz Inc Subject to Due Diligence will be making an offer on Baidu Europe in the next 2 days.
The Groningen-based internet company Baidu Europe is selling its highly sought-after brand and domain names. As well as the brand name Baidu, the domain names for sale include baidu.eu, baidu.tv, baidu.nl and baidu.be.

Managing Director P. Ufkes of Baidu Europe is taking this step in response to the difficulties his company has faced since a Dutch agency began to promote the Chinese search engine giant Baidu in Europe. Ufkes plans to continue his company under a different name.

"The mounting popularity of the Asian Baidu (NASDAQ:BIDU), which has grown into the world's third biggest search engine; the launch of new services such as Baidu TV - the domain name baidu.tv is already owned by Baidu Europe - and the Chinese company's activities related to the Olympic Games are making it very difficult to differentiate between the two companies", explains Ufkes.

Great interest

The European trademark rights of Baidu Europe, the generic domain names baidu.eu, baidu.tv and ten other European Baidu domain names are being sold through the Amsterdam-based trademark agency De Merkplaats. Managing director Ufkes is expecting to attract a lot of interest in the European trademark rights and domain names. "Baidu Europe has gained a very good reputation during the past five years." Ufkes has already received a number of offers to take over his company's brand and domain names. "But we weren't yet ready to take the step."

Own search engine

The internet company Baidu Europe was established in 2003 and employs eight people. The company specializes in the provision of total automation and web design solutions. When Ufkes had the name Baidu registered he had not yet heard of the Asian Baidu.

Following the Asian Baidu's decision in 2006 to have itself represented in Europe by a Dutch agency, confusion arose between the identities of the two companies. To make it clear that Baidu Europe is not directly linked to the Chinese company; Ufkes announced plans to build a search engine of his own to compete with Google. Although that media announcement brought an end to Baidu Europe being confused with the Asian company, competing against a superpower such as Google proved unsuccessful.

CONTACT: Beth Simpson, Buzz Technologies Inc Tel: [phone] e-mail: [e-mail]

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