Buzz to IPO in Hong Kong
27 6월 2008 - 1:16AM
Marketwired
HONG KONG has announced that the company will list on the Hong
Kong Exchange via an IPO.
Current BZTG shareholders will be able to exchange 1 share in
BZTG for 1 share in the new entity at the time of listing. The
share structure of the new entity will exactly reflect the current
300m with no additional issue. After which the new entity will take
control of the Texas entity and will see it trading as an ADR on
the NASDAQ.
Participants in the IPO will need to acquire BZTG stock on
market as will Investment Houses and Brokers involved in the IPO.
Two Hong Kong brokers are competing for the IPO and an announcement
for the lead position will be made in the coming weeks.
The IPO will be released to qualified, professional investors
only in Asia. The new structure will allow for a more rapid
expansion in China as well as being a tax effective base for the
company to grow from. It will also bring to an end the opportunity
for the rampant naked short selling practices that have spread
through our current exchange.
The make up of the Hong Kong Board will be predominantly new and
in keeping with the company's strong focus on Asia. The IPO will be
featured at the upcoming SMART Investment Expo in Hong Kong
www.smartexpos.com.
Some Directors of the Company intend on increasing their
holdings but prior to that acquisition it should be pointed out
that:
1. The Company has in the past released financial information
2. The Company has beaten expectations every quarter since inception
3. Estimates of $120m in revenue for 2009 may be revised upwards.
To allow for the proper dissemination of these press releases,
directors will not be buying on market for the next 7 days. The
directors believe this results in maximum shareholder value.
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)
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부터 5월(5) 2023 으로 5월(5) 2024
