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BUZZ IPO update!!
Buzz Technologies Inc (OTC:BZTG): Google, Yahoo, Baidu, and MSN Rival Buzz to IPO in Hong Kong
11:08 a.m. 09/10/2008
Sep 10, 2008 (M2 PRESSWIRE via COMTEX) -- Buzz (BZTG) the main competitor to Yahoo, MSN, Google and Baidu in Asia is pleased to report that good progress continues toward the IPO. The company will provide further updates upon the finalization of contractual arrangements. The IPO will remain a 1 for 1 exchange from the USA Company to the new entity and no new stock will be issued. Shareholders will not be required to do anything as the change over will be an automated process.
Buzz yesterday released an Information Memorandum on the IPO that can be downloaded at, http://corporates.12buzz.com/downloads/buzzinc.pdf Buzz has through necessity and opportunity grown into a diverse group of companies spanning a number of industries and countries. Although on the surface it may not be immediately recognizable, the businesses are in fact tied together in one clearly defined area; they are all businesses that are technology dependant. Buzz has pioneered the way in unleashing the full potential of technology in the markets that have the least technological resources, the emerging markets of Asia.
Buzz does not see the world as a 1 size fits all market even though Google, Yahoo, MSN and Baidu have all adopted that policy in the majority of their sites and business models. Buzz will be developing the company's web sites and businesses aimed directly at the local, fast growing and high value market across Asia.
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