BZTG Buzz Technologies Inc (CE)

HONG KONG and PHUKET, THAILAND to 'hardwire' all of their PC homepages to the Chinese Language Version of www.12buzz.com. They will also begin testing the BuzzTel VoIP platform.

Green Power Internet Caf� Union consists of over 10,000 PCs in 50 plus Internet Caf� locations, bringing the total number of PCs dedicated to Buzz in China to 40,000. Internet cafe PCs' market size in China is between 6 million and 10 million units, and these PCs are upgraded every 18 months. Buzz is aiming to capture the majority of these PCs through working with the various Internet Caf� Unions and rolling out VoIP, ISP and regional IT services across the country in an effort to catch the 2 market leaders in China, Google and Baidu.

"By 2012 there will be 373 million Internet users in China, 150 million more than in the US at the same time," says Ben Macklin, eMarketer senior analyst and author of the new report, "Online Advertising in China: The Olympic Year." "Despite this fact, the Chinese Internet market is still relatively immature and only in its first phase of growth.

"This makes China a large -- and growing -- opportunity for online advertising."

eMarketer forecasts that online advertising spending in China will grow from RMB7 billion ($924 million) in 2007 to RMB29.26 billion ($4.9 billion) in 2012. In projecting yearly growth rates, eMarketer assumed a strong uptick in 2008 due to the Beijing Olympics and annual growth above 30% to 2012.

"The 2008 Beijing Olympics will be a significant driver of advertising spending growth," says Mr. Macklin, "but positive underlying economic and demographic indicators point to continued advertising spending growth well beyond this year."

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.

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

CONTACT: Buzz Technologies, Inc. Beth Simpson 66872721727 Marketing Director beth@12buzz.com http://www.12buzz.com

Buzz Technologies (CE) (USOTC:BZTG)
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Buzz Technologies (CE) (USOTC:BZTG)
과거 데이터 주식 차트
부터 5월(5) 2023 으로 5월(5) 2024