Buzz Technologies, Inc. (OTC: BZTG.pk) this week signed a contract to purchase a Shanghai-based Internet service provider (ISP) servicing Shanghai, Beijing and Shenzhen with broadband, dial up and satellite services.
Houston, TX, Beijing, China and Bangkok, Thailand (PRWeb) February 7, 2007 -- Buzz Technologies, Inc. (OTC: BZTG.pk) this week signed a contract to purchase a Shanghai-based Internet service provider (ISP) servicing Shanghai, Beijing and Shenzhen with broadband, dial up and satellite services. The annual revenues for the acquired company in 2006 were $1.3m USD and the company is profitable.
Sutida Suwunnavid Chairwoman of Buzz Technologies, Inc. said, “This Acquisition will provide a great base for us to further develop our existing business in China and continue to expand our annual revenues. The cost to acquire the company was paid out of cash on hand.”
About Buzz
Buzz Technology is a diverse group of telecommunications- and Internet-related products and services aimed at the new frontier of next generation technology from telephony, fixed line and VoIP, to state of the art search engines and the delivery of information, news, entertainment and communications in new ways to new devices. Established in Asia and expanded to the USA, Buzz will continue to expand where consumers desire reliable VoIP, access to powerful, direct-result search engines and technological business and home solutions based on next generation technology accomplished through in house development, licensing, acquisition, and strategic partnerships based on mutually beneficial business goals and compatibilities. Buzz is poised to take the leadership position in turnkey Internet solutions in the Asian consumer market place.
The foregoing press release contains forward-looking statements based on the Company's beliefs as well as assumptions made by and information currently available to the Company, including statements regarding the timing of the introduction of certain products. These forward-looking statements are based largely on the Company's expectations and are subject to a number of risks and uncertainties which are identified and described in the Company's registration statements and periodic reports on file with the SEC, some of which are beyond the Company's control. Actual results could differ materially from these forward-looking statements as a result of a variety of factors including, among others, issues related to the travel and transportation industries, and prevailing economic conditions in general. In light of these risks and uncertainties, or should underlying assumptions prove incorrect, there can be no assurance that the forward-looking statements contained in this press release will in fact transpire or prove to be accurate.
Contact: Sutida Suwunnavid +667-6239-209
Visit our web site www.12buzz.com
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