"Buzz Technologies Inc (OTC:BZTG): A New Era Begins at Buzz Inc " Jun 08, 2009 (M2 PRESSWIRE via COMTEX) -- As a result of Buzz Inc directors accepting an offer from a private family trust a number of changes have been made today.
Shayne Heffernan will take over as CEO/Executive Director of Buzz Inc. New management teams have been implemented in each division. The company will relocate operational head offices to Hong Kong and Corporate head office will be established in the British Virgin Islands.
Under the agreement Buzz Inc will take over the personal offices and staff of Mr Heffernan however will not assume the expenses for 2 years from today.
As part of taking over those offices a number of new opportunities have opened for Buzz Inc in China and in the Financial Services Sector in Asia.
Mr Heffernan brings with him over 25 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m and 1 that reach a peak market cap of $15b. He has managed and overseen start ups in Mining, Shipping, Technology and Financial Services.
A controversial individual Mr Heffernan served as ambassador to the pacific nations on behalf of Manual Tilman's unsanctioned Senate of Timor Lorosae prior to the nations independance. He worked closely with Mr Tilman establishing relations in the pacific nations, working with UNTEAT and consulting in relation to East Timors oil fields post in dependance.
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