China Internet Café Union to Buzz
May 27 2008 - 11:03AM
Marketwired
HONG KONG and PHUKET, THAILAND to 'hardwire' all of their PC
homepages to the Chinese Language Version of www.12buzz.com. They
will also begin testing the BuzzTel VoIP platform.
Green Power Internet Caf� Union consists of over 10,000 PCs in
50 plus Internet Caf� locations, bringing the total number of PCs
dedicated to Buzz in China to 40,000. Internet cafe PCs' market
size in China is between 6 million and 10 million units, and these
PCs are upgraded every 18 months. Buzz is aiming to capture the
majority of these PCs through working with the various Internet
Caf� Unions and rolling out VoIP, ISP and regional IT services
across the country in an effort to catch the 2 market leaders in
China, Google and Baidu.
"By 2012 there will be 373 million Internet users in China, 150
million more than in the US at the same time," says Ben Macklin,
eMarketer senior analyst and author of the new report, "Online
Advertising in China: The Olympic Year." "Despite this fact, the
Chinese Internet market is still relatively immature and only in
its first phase of growth.
"This makes China a large -- and growing -- opportunity for
online advertising."
eMarketer forecasts that online advertising spending in China
will grow from RMB7 billion ($924 million) in 2007 to RMB29.26
billion ($4.9 billion) in 2012. In projecting yearly growth rates,
eMarketer assumed a strong uptick in 2008 due to the Beijing
Olympics and annual growth above 30% to 2012.
"The 2008 Beijing Olympics will be a significant driver of
advertising spending growth," says Mr. Macklin, "but positive
underlying economic and demographic indicators point to continued
advertising spending growth well beyond this year."
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.
Buzz Technologies, Inc.
Srisoonthorn Road
Cherngtalay, Phuket, Thailand
CONTACT: Buzz Technologies, Inc. Beth Simpson 66872721727
Marketing Director beth@12buzz.com http://www.12buzz.com
Buzz Technologies (CE) (USOTC:BZTG)
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