Buzz Technologies, Inc. Sells 70 Million Shares of Stock to China Plus
Buzz Technologies, Inc. (OTC: BZTG.pk), China Plus and China Plus subsidiaries have entered into an agreement where China Plus will purchase 70 million shares of common stock (the company recently purchased the 70m shares from another Buzz Technologies Inc shareholder) from Buzz Technologies, Inc., at an agreed price of .124c per share on the first day after Buzz Technologies stock closes above.125c per share.
Houston, Beijing, and Bangkok, Thailand -- Buzz Technologies, Inc. (OTC: BZTG.pk), China Plus and China Plus subsidiaries have entered into an agreement where China Plus will purchase 70 million shares of common stock (the company recently purchased the 70m shares from another Buzz Technologies Inc. shareholder) from Buzz Technologies, Inc., at an agreed price of .124c per share on the first day after Buzz Technologies stock closes above.125c per share. China Plus has also agreed to purchase BZTG.PK stock in the open market expecting to add between 15m to 20m shares to its current holding. This transaction will allow the company to keep the number of shares issued and outstanding at about 280 million shares.
Sutida Suwunnavid, Chairwoman of Buzz Technologies, Inc. said, "China Plus has agreed to a non equity linked debt facility to allow Buzz Technologies to continue its aggressive expansion in the China market with a focus on the china mobile market.”
The Company has also released a Buzz Traders Toolbar, the first in a new range of products at its www.12buzz.com site.
About Buzz
Buzz Technology is a diverse group of telecommunications and Internet related products and services aimed at the new frontier of next generation technology from telephony, fixed line and VoIP, to state of the art search engines and the delivery of information, news, entertainment and communications in new ways to new devices. Established in Asia and expanded to the USA, Buzz will continue to expand where consumer's desire reliable introducing VoIP, access to powerful, direct result search engines and technological business and home solutions based on next generation technology accomplished through in house development, licensing, acquisition, and strategic partnerships based on mutually beneficial business goals and compatibilities. Buzz is poised to take the leadership position in turnkey Internet solutions in the Asian consumer market place.
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: Sutida Suwunnavid +667-6239-209
Or visit our web site www.12buzz.com
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