Buzz Technologies (BZTG)

[lowe6er]

Buzz Remains Committed to Hong Kong Listing

Feb 11, 2009 (M2 PRESSWIRE via COMTEX) -- Directors of Buzz Inc still see a Hong Kong listing as the best future for the company. Bztg shareholders are entitled to 1 Buzz Inc share for each Bztg share held. The share capital of Buzz-Inc is exactly the same as Bztg and the company has stated on numerous occasions there will be no dilution of the share capital. The company has also remained debt free and has only 1 class of share, no preferred shares, no charges over assets or any other encumbrances.
The listing in Hong Kong will be done without any change to the share capital of the company, there is no need for the company to issue any new stock, and there will be no need for any stock splits etc. There will be no need for any debt or debt instruments as the directors will follow the no debt/no dilution model, income generated from mining investments will add substantially to the ability to expand operations as well as funding a dividend to shareholders.

Excerpt from the Memorandum

Buzz has through necessity and opportunity grown into diverse group of companies spanning a number of industries and countries. Although on the surface it may not be immediately recognizable, the businesses are in fact tied together in one clearly defined area; they are all businesses that are technology dependent. Buzz has pioneered the way in unleashing the full potential of technology in the markets that have the least technological resources, the emerging markets of Asia.

Executive Summary

This executive summary is subject to more exhaustive information presented in other sections of the Information Memorandum and must be read and treated accordingly.

Buzz has through necessity and opportunity grown into a diverse group of companies spanning a number of industries and countries. Although on the surface it may not be immediately recognizable, the businesses are in fact tied together in one clearly defined area; they are all businesses that are technology dependent. Buzz has pioneered the way in unleashing the full potential of technology in the markets that have the least technological resources, the emerging markets of Asia.

After starting with a VoIP service and acquiring an IT firm around 2 years ago, we set about building a search engine and accompanying ad delivery platforms. Like anyone in or entering the online search and ad business there is one seemingly insurmountable problem, With Google, having dominated Internet search and advertising for many years and continuing to grow stronger year after year, how does anyone catch up? After reviewing all of the competing services we saw an opportunity to capture the publisher market with live customer support, free web assistance and better privacy in the Asian Market. Problem solved? No, to enter the online ad market you need, apart from very advanced technology, 2 distinct groups of customers, publishers who will display your online ads and advertisers who will buy that ad space. As you can not sell adspace you do not have, you must first acquire the publishers as clients, Problem solved? Still, no. A further and much more difficult barrier to entering the search and online ad market is that you must first acquire those publishers. After the publishers are using your ad and search services you must be able to fill those ads with revenue producing product or be happy to accept massive cash outflows while you hunt for advertisers. This is where necessity played its part in building Buzz.

Rather than turn our backs on one of the worlds most lucrative businesses, that of online ads and search, we decided to select a single market, in our case Thailand, and build the businesses, and form alliances to fill the adspace prior to the commencement of our search and online ad network. After a study of the local market we decided that to fill the online ad space and make a very high return on investment we needed a number of distinct businesses generating ad revenues. Real-Estate, Travel and Financial Services are the 3 key core businesses that provided revenue from online ads. The best of the 3 businesses by far was Real Estate. With 80% of the worlds property sales coming from leads generated online we chose that business to invest in and grow ourselves. For Travel we partnered with Expedia and for Financial Services we initially partnered with Easy-Forex and subsequently with Maritime Securities in the Bahamas.

When we launched the service in May 2008 we quickly signed The Bangkok Post, and the search and online ad network has continued to grow since then. Our Property Division One-2-Property has seen enormous growth, fueled by occupying Thailand's most sought after online adspace, as have our Travel and Financial Services. Our returns on the ad network exceed all our competition in the local market because of our own innovation and careful planning.

The ad network has now expanded into China, with Travel and Financial services being well received. Our market in China comprises mostly Internet cafes with a male audience of 15 to 25. This required a rethink of the Thailand model and through Amazon and other MMORPG suppliers we have built a successful games distribution network providing not only game sales but income from recurring monthly fees. To further cement our place in these cafes, we have also made available VoIP and other services, available at the counter. We deferred other publisher deals in Hong Kong and China until we have opened our Real-Estate Offices there later this year.

That brings us to opportunity. What we did see in Asia, and around the world, were the many start up companies looking to raise funds. These funds were all or in part to build, develop or buy technology. Since Buzz has access to the best and cheapest IT talent in the world, this was a natural fit, it cut out almost all downtime and generated a constant stream of work, making us and our contractors very busy and substantially more profitable. Thus was born Buzz Venture Capital. Buzz Venture Capital brings together a unique offering, IT Services, Marketing, Property and Financial Services all under one roof, allowing us to build a wide and substantial portfolio of investments in companies at different stages of development. Our early entry, and deal structure have created a very secure high value asset for the company.

Buzz Inc as part of the process toward an IPO in Hong Kong released a draft Information Memorandum in 2008.

Download The Document Here http://corporates.12buzz.com/downloads/buzzinc.pdf

CONTACT: Sutida Suwunnavid, Buzz Technologies, Inc Tel: [phone] Tel: [phone] e-mail: [e-mail] WWW: http://www.12buzz.com

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