BZTG.025.Pretty low IMO.Per last PR An Investor has agreed to purchase in the open market a minimum 10 million shares of Buzz Technologies common stock. Asian Asset.
10 million in the open market is a lot of shares in this stock
Read the whole Bold part of the PR.Lotsa meat,And forward looking events,beat estimates ETC.Could have a 30% to 100%
move from .025 IMO.Will see.
(COMTEX) B: Buzz Technologies, Inc. Announces That Asian Assets Corporatio
B: Buzz Technologies, Inc. Announces That Asian Assets Corporation Will Purchase
BANGKOK, Thailand, June 12, 2006 /PRNewswire-FirstCall via COMTEX/ --
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.
Safe Harbor Statement
Statements contained in this release, which are not historical facts, may
be considered "forward-looking statements" under the Private Securities
Litigation Reform Act of 1995. Forward-looking statements are based on current
expectations and the current economic environment. This press release includes
"forward-looking statements" within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the Securities Exchange
Act of 1934, as amended. Forward-looking statements are subject to certain
risks, trends and uncertainties that could cause actual results to differ
materially from those projected.
Contact:
Sutida Suwunnavid
+667-6239-209
7@7123000.com
SOURCE Buzz Technologies Inc.
Sutida Suwunnavid of Buzz Technologies Inc., +667-6239-209, 7@7123000.com
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