Buzz Technologies (BZTG)

[lowe6er]

Buzz Technologies Inc (OTC:BZTG): Buzz Inc Updates

Mar 09, 2009 (M2 PRESSWIRE via COMTEX) -- Corporate
Buzz Inc has announced a Dividend, and re-affirmed the intention to list in Hong Kong when market conditions are deemed suitable, the company has also re-affirmed the no debt no dilution policy.

Cutbacks have been made in all areas that are not contributing, or will not contribute to producing revenue during the current economic conditions. Given the length of this particular downturn can not be predicted the company has adopted a minimalist approach to all spending. Although Buzz Inc is in a strong cash position every attempt possible should be made to secure that position and maintain it during the downturn.

Property

The companies property focus has shifted to developments that will have an end user retail price of $50,000 to $120,000. The company feels this market will be the largest market in the coming 2-3 years as people will not have free access to mortgages and in general will be more conservative with what they spend on a second home or investment property.

The company will begin to market lots of 10, 20 and 50 rental apartments for $500 000, $950,000 and $2.1m respectively.

Interest in hotels and commercial properties remains strong.

Technology

Technology has seen the most cutbacks with many non performing sites being taken offline and more profitable sites being launched, work has focused on ad, tech and SEO sales.

Buzz Inc Corporate and individual corporate sites in the Buzz Inc group are expected to be delayed coming online, in some cases up to 30 days.

Financial Services

Buzz Inc is currently in negotiation to provide broad spectrum financial services across Asia. This will include Equity, FX and other online trading.

Mining

Following the companys success with the Lanna Project work has commenced on 2 other sites, 1 Gold and 1 Oil site in the region.

Venture Capital

2 of our solar projects have received additional funding and are moving closer to commencement.

CONTACT: Beth Simpson, Buzz Technologies, Inc e-mail: [e-mail] WWW: http://www.12buzz.com

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