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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion. -- Ignore unavailable to you. Want to Upgrade?

To: Taki who wrote (148486)	7/20/2006 10:38:11 AM
From: Taki	Read Replies (1) \| Respond to of 150070

BZTG.022.Check news out.Profits.NEWS!(PR NEWSWIRE) Buzz Technologies, Inc. Provides Quarterly Report on Unaudited Co solidated Results for the Financial Period Ending Jun Buzz Technologies, Inc. Provides Quarterly Report on Unaudited Consolidated Resu ts for the Financial Period Ending June 2006 BANGKOK, Thailand, July 20 /PRNewswire-FirstCall/ -- Buzz Technologies, Inc. (OTC: BZTG) provides shareholders a financial update for the period ending June 2006. (All currencies have been converted into USD as of the 1st July, 2006) Mar - June 06 Ordinary Income/Expense Mar-Jun 06 Jan-Mar 06 Income Sales 1,476,768.00 280,195.00 Total Income 1,476,768.00 280,195.00 Cost of Equipment Supplied 892,543.00 Gross Profit 584,225.00 Expense Data Storage 20,500.00 13,000.00 Depreciation Expense 49,325.00 42,129.00 Equipment Supplies 28,435.00 15,435.00 Office Expenses 16,145.00 7,985.00 Payroll Expenses 156,758.00 90,982.00 Rent 35,467.00 35,467.00 Travel 24,174.00 16,824.00 Total Expense 330,804.00 221,822.00 Net Ordinary Income 253,421.00 58,373.00 Net Income 253,421.00 58,373.00 Notes: 1. Accounting policies There are changes in the accounting policies of the Company as it prepares to become fully reporting. These changes are to enhance the transparency and relevancy of financial reporting, and for improving the professional performance of public company auditors in order to ensure that financial statements used for investment decisions are presented fairly and have credibility. Buzz Technologies is now reviewing a number of options in relation to becoming fully reporting; this process given the number of logistical and language issues will not be fast. But an announcement in relation to the matter should be seen in the next 30 days. 2. Exceptional items This Quarter was impacted by the contract with a development group to install Telecom/ISP/Equipment this contract runs for another 8 months with a total value of $2.5m USD. Not included is the sale of 20 million minutes of VoIP time to India and China, the company expects to start seeing revenue from that this quarter. In addition, this Quarter the company will see its first advertising revenue from the Multilingual/Multifunctional Web Browser released in the same quarter at www.12buzz.com. 3. Extraordinary Items There is no extraordinary item in current quarter and the corresponding quarter ended June 30, 2006. There is also no extraordinary item in the current year and the corresponding year. 4. Profit on Investments/Properties For the current quarter and financial year, the company has not yet included increase in the value of property or securities. 5. Group Structure Buzz Technologies holds a number of securities and equity stakes in companies in a number of Countries. 6. Securities and Share Buy-Back Increase in share capital There will be no change in the capital structure of the company with in the next 2 years. 7. Contingent liabilities The Group does not have any contingent liabilities as of the date of this report. 8. Off-balance sheet risks There is no financial instrument with off balance sheet risk as of the date of this report. 9. Material Litigation There is no pending material litigation as of the date of this report. 10. Quarterly Analysis Management is pleased with the increase in revenue and profits; this quarter has been the first full quarter fully focused on the business without having to deal with take over issues relevant to Affordable Telecommunications. 11. Prospects The growth in revenue and profit is expected to remain solid given the company has just commenced marketing its products. 12. Dividend The Board of Directors will review the company's position to offer dividends in early 2008. Contact: Sutida Suwunnavid +667-6239-209 7@7123000.com SOURCE Buzz Technologies, Inc. Contact Information: Sutida Suwunnavid of Buzz Technologies, Inc., +667-6239-209, 7@7123000.com WebSite: 12buzz.com * end of story *