Buzz IPO and Dividend
July 18 2008 - 11:01AM
Marketwired
HONG KONG is pleased to report the current IPO remains on track
for 2008 and has encountered no delays.
*Auditors will be announced Monday 21st of July 2008.
*Insurers on 26th of July 2008.
*Lead Broker on the 1st of August 2008.
*It will be a direct 1 for 1 swap of Equities.
*The ADR will be available for those wishing to trade in the
USA, the number of shares per ADR share will depend on pricing at
the time.
*There will be no new stock issued, the new company's share
structure will exactly reflect the current structure.
The Dividend
Buzz will declare the first Dividend that will be a distribution
to Shareholders of a Position held by Buzz Venture Capital.
The distribution will be 1 share for each 500 held and should
equate to an approx 5% at current valuation. In relation to the
Dividend however it is not expected that the equity will list for
18 months to 2 years at which time the value of the position should
also have increased along with the return. The company is an Asian
based mining company already in production in the energy
sector.
Distribution of the Dividend will be handled from Hong Kong
Details and Dividend date to be announced August 1
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.
CONTACT: Beth Simpson Buzz Technologies, Inc Tel: +66 87 272
1727 e-mail: beth@12buzz.com
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