BZTG Buzz Technologies Inc (CE)

Buzz Technologies Inc (Pink Sheets:BZTG) is the prime technology supplier to Archer Entertainment Media Communications (ACRM), having already constructed an IPTV backbone network, licensed software, proprietary software and online services. As predicted by Paul Ebeling, Managing Director of Archer Entertainment Media Communications (ACRM), China will release three U.S. films in March. Despite industry predictions the Communist country would prohibit Hollywood movies to protect the local industry Ebeling embarked on a bold venture setting up distribution and cutting ground breaking deals in the world's biggest country. The fantasy film "The Golden Compass," action thriller "National Treasure: Book of Secrets" and adventure film "10,000 BC" will each get a "national, wide" release, said spokesman Weng Li at the state-run China Film Group Archer Entertainment Media Communications strategic Partner in China, the nation's only licensed movie importer. Hollywood film industry media reported in December that China had decided to ban U.S. films for three months, but officials denied the reports and cleared the Will Smith movie "The Pursuit of Happyness" for a limited release in January. The British-U.S. co-production "The Water Horse" got a wide release this month. China has about 3,500 screens and its box-office revenues are small compared with those in the United States but they are growing rapidly. Archer Entertainment Media Communications is active in the digitization of China's Cinema landscape. China's film revenues surged 27 per cent in 2007 to about $460 million, Zhang Pimin, deputy secretary-general of China's Film Bureau, said earlier. The Chinese government allows only 20 foreign films a year if the studios want a percentage of what they earn in the country instead of selling distribution rights for a flat fee. Hollywood studios prefer the revenue-sharing model, which boosts their profits if the movie is a big hit. Weng said, "The Golden Compass," "National Treasure: Book of Secrets" and "10,000 BC" will be imported as revenue-sharing movies. "The Golden Compass" is a U.S.-British co-production, and "10,000 BC" a U.S.-New Zealand co-production. He said the films will be released in March and that imports of Hollywood films for April had not yet been decided. Paul Ebeling said today, "Buzz, as another Archer Entertainment Media Communications strategic partners, has given us a huge advantage in this market with their high end entertainment delivery systems and IT expertise, Archer Entertainment Media Communications is now set to reap the rewards of our dedication to this market." About Buzz: Buzz Technologies, Inc. is a convergent media company with operations ranging from infrastructure development to online retail. 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.