Buzz Technologies, Inc Signs a Strategic Alliance Agreement to Accelerate Deployment of Buzz Technology and Services
May 26 2006 - 10:17AM
PR Newswire (US)
BANGKOK, Thailand, May 26 /PRNewswire-FirstCall/ -- Buzz
Technologies, Inc (OTC:BZTG) today announces it has signed a
Strategic Alliance Agreement with Meenalshree Technologies Pvt.
Ltd. and Toon Designers LLC of India and is also evaluating a
partial or total acquisition of the companies. Meenalshree
Technologies Pvt. Ltd. and Toon Designers LLC have a strong
presence in the USA with a solid development team in its Indian
Head Quarters; the Group Established in 1995 has grown very quickly
and has a first class reputation in the software industry. IT is
India's fastest growing Industry with local usage under going
massive growth, with a total population in excess of 1 billion
people, India is the world's second largest market. The addition of
these two companies places Buzz's technology deployment on a fast
track in India and increases the companies IT capabilities five
fold. Sutida Suwannavid said, "It's my pleasure to inform our share
holders of our company's strong progress. Our China expansion is
set to begin in early 2007 and the alliance with Meenalshee
Technologies and Toon Designers will put the Buzz deployment on a
fast track allowing us to establish ourselves in a market with a
potential for over 3 billion users of VoIP, IPTV, IM and Search
Engine services. Our company will also look to provide the need for
additional ISP services in both China and India, the potential for
Wimax services in all our markets is very promising due to the high
density of the population, and in the large number of area's that
lack infrastructure, Wimax is the fastest way to develop a
telecommunications backbone." 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 DATASOURCE: Buzz Technologies, Inc
CONTACT: Sutida Suwunnavid of Buzz Technologies, Inc,
+667-6239-209,
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