SOURCE: Buzz Technologies, Inc.

August 10, 2007 10:56 ET

Buzz Technologies Provides Shareholders Unaudited Financials

BEIJING and BANGKOK, THAILAND--(Marketwire - August 10, 2007) - Buzz Technologies, Inc. (PINKSHEETS: BZTG) provides shareholders unaudited financial report.

Buzz Technologies, Inc. has seen a rapid growth in IT/infrastructure, contract and management work in which we have supplied hardware, construction, software and management. Buzz has seen this success due to high regional demands for such services and the Asian economy remains very strong. We have put in place an online registration process to build our distributorship network and expect this area to remain our prime income source for some time.

Unaudited, prepared by Weng Liu Accountant:


Sales                                               21,438,637.00

Equipment Supplies                                      14,213.00
Equipment Upgrade and Repair Expense                    47,956.00
Expense Data Storage                                   121,149.00
Costs of Good Sold                                  12,717,568.00
Merchandising Expense                                   17,890.00
Office Expenses                                        180,528.00
Rent                                                   153,214.00
Insurance Expense                                       52,180.00
Postage and Handling Expenses                            5,287.00
Payroll/Subcontractor Expense                        1,585,129.00
Staff Benefits                                          39,587.00
Training Expenses                                       25,987.00
Consulting Expense                                      68,458.00
Accounting Expense                                      32,410.00
Legal Service Expense                                  157,358.00
License Expenses                                        11,474.00
Sales Commission                                       351,250.00
Other Selling Expenses                                  38,721.00
Advertising Expense                                    152,000.00
Public Relations Expense                                35,421.00
Depreciation Expense                                   210,520.00
Deductible Goodwill                                     54,639.00
Foreign Subsidiary Taxes                                37,506.00
Traveling Expenses                                      89,452.00

Total Expenses                                      16,199,897.00

Profit                                               5,238,740.00

Our online presence is growing at an incredible rate; we now offer search tools, travel, shopping, games, communities, advertising and business services, VoIP and more. This constitutes our retail division.

While it is uncommon for American companies to maintain such diverse interest in Asia it is the norm as seen in two of Hong Kong's largest companies: Hutchison Whampoa Limited and Sun Hung Kai Properties. We intend to maintain this diversity; that will be well received by Hong Kong investors as we get closer to listing there in 2008.

Buzz has been very active in supplying services as a venture capitalist in Asia and will extend that to a global operation in the near future. We offer to take equity in projects in exchange for IT services in the project under acceptable conditions.

About Buzz:

Buzz Technologies is an IT and Internet-related Company with products and services aimed at 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.

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