Buzz Launches VoIP Service and Announces Intentions to Develop a South East Asian Mobile Network
June 01 2006 - 12:21PM
PR Newswire (US)
BANGKOK, Thailand, June 1 /PRNewswire-FirstCall/ -- Buzz
Technologies Inc (OTC:BZTG) announces the Launch of its VoIP
Service. Buzz Technologies Inc is pleased to announce the launch of
its new Softphone and VoIP Service at http://www.12buzz.com/. The
service, with calls to the most popular International locations
available for $0.01 per minute and free calls to Thailand from
anywhere in the world to subscribers, in 2006 is expected to
rapidly build a strong subscriber base. Sutida Suwunnavid said "Our
Company is strongly committed to the Telecommunications part of our
business, with our VoIP, IPTV, Instant Messenger, ISP and Mobile
Products all aimed at delivering World Class communication
services. These services will compete directly with traditional
carriers for market share. To enhance our business model we are
pursuing a number of opportunities in Asia to open our own Buzz
Mobile Phone Carrier. We expect to generate revenues of $2 Million
USD in VoIP sales and services in the first year." World wide
carrier revenues are predicted to grow from the just under $1.2
trillion in 2005 to over $1.5 trillion in 2010. While the overall
compound annual growth rate is 5.9 percent, there are notable
regional differences. North America has the slowest growth rate at
3.9 percent annually, but maintained its position as the region
with the largest telecommunications services revenue in 2005. As
the most mature telecom services market, North America growth is
most dependent on new services such as VoIP and 3G as opposed to
subscriber growth... VoIP growth is expected to outperform the
balance of the market with 3G services close behind after the
release of the next generation cell phones. The Asia Pacific region
is experiencing the highest five-year growth overall, at 9.3
percent, and will be the largest telecommunications revenue
producer, overtaking North America by 2007. The sheer size of its
underserved population combined with a region wide lack of landline
infrastructure is a contributing factor as to why Mobile Networks
are overtaking Fixed Line networks; this provides a wealth of
business opportunities for the Buzz Suite of Mobile Products.
Pol.Lt.Col. Panitan SANTIPET added "The implementation of
Convergent Technology and its delivery has always been the driving
force behind Buzz. The VoIP service, the Mobile Instant Messenger
and our other 3G products make our own cell phone carrier a natural
progression, however this will take sometime, 1 to 2 years at
least. Buzz would have to acquire the network and keep its Non
Dilution commitment to shareholders. We take that commitment very
seriously, and we have the support of Asian Asset LLC to pursue an
acquisition in the Carrier field that would be debt funded." Sutida
Suwunnavid +667-6239-209 DATASOURCE: Buzz Technologies Inc CONTACT:
Sutida Suwunnavid, +667-6239-209, , for Buzz Technologies Inc Web
site: http://www.12buzz.com/
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