SOURCE: Buzz Technologies, Inc.

March 02, 2007 11:41 ET

Buzz Goes Mobile

HOUSTON, TX and BEIJING and BANGKOK, THAILAND -- (MARKET WIRE) -- March 2, 2007 -- Buzz Technologies, Inc. (PINKSHEETS: BZTG) announced it will increase its mobile and wireless services from the text messaging and mobile instant messenger to include 2-way text messaging from PC, multimedia messaging from PC and mobile games as well as a mobile website and search engine. Our Solution will not only cater for the retail market but has a broad range of Corporate uses as well as having a market to mobile carriers. The solution will be offered in all major languages and the text messaging infrastructure and deals with carriers has been completed at a global level. MMS and games delivery is done in Asia and Europe and will be completed in North America soon. A number of wireless services will be developed in the coming year.

The Mobile Business is expected to add over $10m US to revenues in the next year.

Last quarter Buzz reported revenue of $6.3m US and profit of $1.33m US. Both beat expectations and represented solid increase on last quarter. Estimated revenue for next quarter was $8.5m US; however management has now revised that figure to $9.6m US.

About Buzz

Buzz Technologies 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 consumers desire reliable 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 marketplace.

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 Information

    Buzz Technologies, Inc.
    Sutida Suwunnavid