Houston, TX; Beijing, China; Bangkok, Thailand (PRWEB) March 16, 2007
Buzz Technologies, Inc. (PINKSHEETS: BZTG) has announced it will form an Audit Committee to deal with a number of issues.
The Committee will include Pol Lt Col Panitan Santipet, Huang Haibo, Steve Jenkins,
William R Cheung and 1 Independent Member from the companys external accountant.
The Committee will be charged with the organizing the first Audit of the company, establishing the User Driven Content Payment system and developing a remote site reporting system to deal with the various currencies income is derived in.
The Audit Committee will also seek valuations on IP and look at the accounting for research and development which has been expensed so far in the company accounts.
Today Alexa (http://www.alexa.com) ranked 12buzz.com as the 67000th most popular web-site in the world out of some 30m sites, Pol Lt Col Panitan Santipet said today these independent numbers from Alexa are a good guide to how much online business we are doing, I would encourage everyone to monitor these figures as a guide to the companies online presence.
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 consumers 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.
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