Replies to post #27519 on Buzz Technologies (BZTG)

[lowe6er]

This goes way back over a decade and has been increased since then but here is 90 million when they were operating under asia assets and Sunny was coming onto her own.


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4 Icon 1 posted June 12, 2006 10:57 Profile for kt325ci Send New Private Message Edit/Delete Post Reply With Quote
Buzz Technologies, Inc. Announces That Asian Assets Corporation Will Purchase 10 Million Shares in the Open Market
Jun 12, 2006 10:53:00 AM
BANGKOK, Thailand, June 12 /PRNewswire-FirstCall/ -- Buzz Technologies Inc. (OTC: BZTG) today announces that Asian Asset Corporation, a strategic investor in Buzz Technologies, has agreed to purchase in the open market a minimum 10 million shares of Buzz Technologies common stock. Asian Asset Corporation agrees with the management team of Buzz Technologies that its stock is currently undervalued. However before purchase the company would like to clarify some relevant points.

1. Buzz Technologies Inc. is in negotiations with all Thai based
broadcasters for the right to repeat their transmissions over the
IP/Web network. These negotiations have been positive and Buzz
Technologies expects to sign a deal in the coming month.
2. Buzz Technologies Inc. is already in discussions with Various
Cell/Mobile phone network operators in Asia.
3. Revenues this quarter will beat expectations
4. New products are expected online in the next 90 days including
www.buzz.jobs, Buzz Licensing for software distribution, Buzz Turnkey
VoIP and Communications solutions.
The purchase of common stock in the open market by Asian Asset Corporation is to assist in the previously announced stock purchase at .07 cents by Buzz Technologies. It appears that we have shareholders who agree with the long term strategy of the company to build revenues through internal growth and financing. It also appears we have short-term shareholders who do not agree with our previously announced plans. The purchase of shares in the open by Asian asset Corporation will allow short term shareholders the opportunity to immediately close out their positions.

Buzz Technologies Inc. remains committed to not diluting our share holders. Buzz Technologies has issued 210 million shares outstanding and 130 million shares that are in the float; 80 million shares carry restrictive legend. The restricted shares are held by executives and management of the company.