China VoIP Could Reach $100m by 2010 for Buzz
July 08 2008 - 9:45AM
Marketwired
HONG KONG has announced that the company will launch the new
VoIP Service to China's Internet Cafes on the 27th of July 2008 and
has already made arrangements for it to be installed on close to
200,000 PCs in Internet Cafes in China immediately and 400,000 by
January 2009.
The new VoIP system from Buzz will offer paid discounted calling
and discounted ad supported calling across China. The service is
being integrated into Buzz's Free SMS service to be launched at the
same time.
VoIP, ad supported VoIP and Free ad supported SMS will provide
Buzz an edge on Google and Baidu in the highly competitive Online
Ad and Search Marketing in China. Buzz Technologies Inc. is
currently testing APIs from other Ad Networks with a view to ad
sharing agreements with some of the largest ad networks in the
world. The move will help build the Buzz Brand as well as increase
revenue by up to 30%.
With the current nature of the online ad market and the
uncertainty of the Google, Yahoo, Microsoft situation regarding
mergers Buzz feels it is best to be prepared for any and all
outcomes. Various APIs will be tested on sites and search over the
next month and be completed prior to the Olympics.
The main benefit in any ad sharing deal will be a faster and
more profitable roll out across the USA.
The Company is preparing for an IPO in Hong Kong under which the
current BZTG shareholders will be able to exchange 1 share in BZTG
for 1 share in the new entity at the time of listing. The share
structure of the new entity will exactly reflect the current 300m
with no additional issue. After which the new entity will take
control of the Texas entity and will see it trading as an ADR on
the NASDAQ.
Participants in the IPO will need to acquire BZTG stock on
market as will Investment Houses and Brokers involved in the IPO.
Two Hong Kong brokers are competing for the IPO and an announcement
for the lead position will be made in the coming weeks.
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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