SOURCE: Buzz Technologies, Inc.

June 20, 2008 11:27 ET

China Foreign Exchange Site Launched by Buzz

HONG KONG and PHUKET, THAILAND--(Marketwire - June 20, 2008) - Buzz Technologies, Inc. (PINKSHEETS: BZTG) is pleased to announce the launch of its Chinese Language Foreign Exchange trading platform in conjunction with Easy Forex, one of the world's largest Foreign Exchange trading companies. The launch is part of the Smart Investment Expo currently underway in Hong Kong.

Buzz ( has been active building a publisher network throughout Asia and is the home page for over 130,000 PCs in internet cafes across the region and appears on some of Asia's most popular web sites. Unlike rivals Google and Baidu, Buzz has actively sought partnerships with advertisers on a revenue sharing basis as well as offering traditional advertising.

"We firmly believe we have the best advertising network in Asia, so working on a success formula with clients actually generates more revenue than pure ad sales, plus it is such a great way to build lasting business relationships. Anyone wanting to reach the huge market in Asia through online ads should really be talking to us," said Sutida Suwunnavid, Buzz Technologies, Inc.'s Chairwoman speaking at the Hong Kong Smart Expo.

Regional Business Development Director for Buzz, Thanissara Sinprasertwong, added, "I was amazed in my first week with the ad network. I entered a property ad on Buzz, seconds later it was on Bangkok Post and an hour later we were getting calls for the property. The network offers such a powerful and fast marketing tool for many sectors including financial services; I am sure Buzz FX will do very well given how popular FX trading is in Asia."

Trading in Asian currencies has grown substantially in recent years, rising in value to 249 billion dollars a day in 2007. Turnover in 10 Asian currencies, excluding the yen, jumped 130 percent between 2004 and 2007, with the Hong Kong dollar accounting for 40 percent of daily operations. Trading in the Chinese currency rose more than sevenfold from two billion dollars in 2004 to 15 billion dollars in 2007.

In general, foreign exchange trading globally is 30 times the value of trade in goods and services, but trading Asian currencies is far below this ratio except in the case of the Hong Kong currency which exceeds it. The availability of local language trading platforms like Buzz FX will see Asia catch up with the rest of the world in the next 5 years. Early entry to this market and the already strong popularity of the portal will see the company as one of the prime destinations for FX and Equity Traders in Asia.

Buzz's Online marketing has already replaced Google as Thailand's premier online ad supplier and now has its eyes firmly set on China.

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 Information

    Buzz Technologies, Inc.
    Beth Simpson
    Marketing Director

    Buzz Technologies, Inc.
    Srisoonthorn Road
    Cherngtalay, Phuket, Thailand