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During the last quarter Buzz released in full the companys challenger to Baidu, Sina, Google and Yahoo's search marketing and online ad network.
In the first month of operations the service captured Thailand's number 1 news service and one of Asia's most prominent publishers The Bangkok Post www.bangkokpost.com . Subsequently the Buzz Publisher network grew from nothing to 1000 publishers in a very short period of time, and www.12buzz.com became one of Asia's most visited web sites.
In China the Publisher Network was given a warm reception and has spread through the China Internet Cafe market so fast that Buzz was forced to rethink infrastructure needs and conducted and extensive upgrade and expansion of delivery infrastructure. Today almost 250 000 PC's in China are hard wired to Buzz and serve as Sales terminals for Buzz VoIP and other services.
Nielsen Media Research lead our Thai advertisers in a survey campaign booked by their local agency TMC. Silkspan, Thailand's largest Credit Card and Personal Loan company also booked ongoing space on a revenue sharing basis which has proved a success.
In Thailand the best revenue from ads and search was seen by 12property which executed both property sales and rentals directly from ads in the Buzz Marketing Publishers Network. The Ads also were directly responsible for strong growth in the commercial property sector.
In China Buzz Broker, Venture Capital and Buzz FX did best with a flood of sign ups, corporate clients and corporate deals. Games product sales were strong, and VoIP in testing beat per PC, per week estimates by 50%.
Asia-wide Property and Financial Services were the strongest earners, one advertiser secured a large funding deal for a development project from $500 investment in ads, and our testing of market awareness for listed companies proved very positive and in-house property and financial services sales were exceptionally strong.
Work continues on developing all facets of the technology that delivers the search and ads. Buzz is also focused on presenting ads in new and more engaging ways to help the company in a USA launch in September.
12Property
Our property division had a great start predominantly from the exposure in the ad network, this has lead to an ongoing deal for media sponsorship with Smart Investment and Property Expos www.Smartexpos.com which will see both 12Property and Buzz gain huge exposure in Hong Kong, Singapore and Malaysia.
Our Ad-Network and IT services have also given us the opportunity to develop a close relationship with www.property-report.com which is Asia's number 1 resource for property news and we look forward to working with them more in the future.
Our own developments are continuing and will go on-sale in 2009, due to fluctuating Oil costs and the impact on building prices we have decided to wait on releasing any presales.
We expect the first China Real Estate office to open in 2008.
Online Publications/Communities
Over the last year we have been experimenting with different online publications that are integrated into communities and currently have 4 running www.actorvist.com , www.dtom.tv www.celebs.12buzz.com and www.post.12buzz.com so far the Content Community of Celebs has by far been the most successful with most visitors being from Asia, the community allows people to interact through the sharing of Pictures, Video, MP3 and MP4, the concept is a new concept and has a uniquely Asian appeal. Actorvist has proved popular with some shareholders and is the home of the companys ongoing open management ideal, shareholders can interact with management, comment on products and services, even comment on management themselves and corporate matters, this is an open and frank location and although it has proved very unpopular with some shareholders and observers, management feel it remains an important part of what Buzz is, from heated discussions to general conversation you will find it on Actorvist, all with a healthy dose of Capt Jack's irreverence, by far one of the most entertaining destinations on the Internet.
DrTom is an environmentally friendly community headed up by and joint ventured with a respected professor and researcher. It is a great place to learn about the environment, participate in discussions and find great green products for sale.
Buzz Asia is an Asian Business, Lifestyle and Property Magazine that reports on daily news and events in Asia or with an impact on Asia.
All communities/publications are ad driven however Buzz upholds the worlds tightest privacy controls, visitors can be assured none of their information, interests or habits will result in the being profiled, spammed or in other ways advertised to, based on mined data. As the popularity of the site increases so do earnings from the publications. Video Email has been receiving more and more use as the service grows.
Buzz Email Anywhere
The Buzz Email Philosophy is simplicity, Email should be easy. You should be able to access it from any device without the need for special configuration. There should be no compatibility issues, no sync issues, storage needs to be unlimited and your encryption military grade. Email should include SMS (Text Messaging), Options, Voice and Video features and multiple email address management. Buzz Email Anywhere delivers all of this and it has seen the service become very popular especially since the release of iPhone and other Smart Phones.
The email service is also ad driven, the more users the more earnings so growth in the sector is important to us. What we have done to combat the manufacturers hard-wiring of our competitions services in Asia is gone to the retailers. Retailers can earn money from setting the phones homepage to Buzz and Registering the buyer a Buzz Email Address at the time of purchase.
Shopping
Online shopping is a challenge in Asia as many services do not provide delivery to some of the regional countries. Buzz has teamed with Amazon and other selected retailers to make sure that we offer a complete service to local buyers, this project is around 60% complete and we expect it to produce substantial revenue in 2009.
We regularly test different products through the ad network and have done so for sometime, so we now have very accurate market statistics on what consumers in Asia will buy online. High Value brand name products not available in parts of Asia have been the best seller mostly driven by Expatriates living and working in Asia.
Travel
In Travel we have teamed with Expedia and are developing Asia's best Travel Site. Online Travel in the region has just started becoming very popular and given our local knowledge and Internet expertise we are sure to capture good market share. Last month as a result of the ad network travel rated highly as one of the companys best advertisers by revenue. Thailand Accommodation has been the biggest seller and Thailand-China Flights second.
Financial Services
Driven by China Ads our China FX service has proven very popular with daily sign ups and constant revenue, the online platform is administered by one of the worlds largest FX Houses so none of the FX income requires any additional expense from Buzz. In China so far it has proven to be a solid revenue producer.
Our newly launched Buzz Broker lead to the acquisition of the Solar Co-op contracts in Thailand. From IT to corporate services and property sales this series of contracts will earn Buzz in excess of $10m and see Buzz Venture Capital as a small equity partner.
Across Asia this service has delivered a steady stream of business from Venture Capital proposals to Corporate Services contracts. We do have a development team working on an online trading platform.
Mobile Portal
Our mobile portal has grown in traffic at a slightly faster pace than our web portal, Email services has driven the growth. Our own mobile ad network is beginning to grow, our service covers all types of mobile and smart devices in English, Thai and Chinese. Although not a significant earner now, mobile has a great future as the technology improves.
Buzz Casino's
www.vegas-buzz.com has been growing daily, the service is extremely popular, Asia is the fastest growing Online Casino market in the world and Buzz now has an interest in over 50 local online Casino's through our affiliate network.
Casino Earnings break new records every month and the recent promotion of mobile casino services and poker tournaments provided a good indication of how bright the future is in this sector.
LiveScore
Live score and the Euro Cup seen subscriber numbers to the service double, only available in Thailand now the service will be globalized in the coming year, www.football.12buzz.com.
Olympic LiveScore will be built and be available in China and Thailand and we are working on LiveScore for deployment on more International and Regional Sports in different markets, from Horse Racing in Australia and Hong Kong to NBA in Nth America and China.
Phone to Phone VoIP
One of our most exciting products, with an Agent in Nth America and the retail network already built across Asia we expect this to grow to over $100m in sales in 2009.
The service outperforms competitors on call quality and pricing, subscribers can call from their own phone to any phone in the world, cheaply and easily. China to USA calling is most popular with China-Hong Kong a close second.
Games
Ever popular in Asia our short online flash games are a great investment for delivering string ad revenue, our games can also be lifted and taken with a user to place on any other web site developing a stream of traffic back to 12buzz.
Downloads
www.download.12buzz.com with 74000 titles and over 250 000 downloads this is a great resource for freeware, shareware and new software. Buzz earns money from the site from ads, profit sharing on promoted titles and on premium placement.
Business IT Services
Still our bread and butter www.12buzz.com/business delivers the best value IT solutions in the world. We are ready to give you access to an Outsourcing Powerhouse. Save money and see your electronic plans come to life. In addition to our own staff we have over 500 subcontractors ready to quote on work anytime.
This service has lead us to most of our business and has proven to be the most common point of first contact to Buzz. Up-sales and cross sales are very good, the ability to have so many qualified people to call on has been instrumental in the success we have seen so far.
With services from Automated Web Building to full application development there is nothing the Buzz Team cannot handle.
An exciting Quarter to say the least, with the coming Hong Kong IPO and the new developments at Buzz the next quarter is really something to look forward too.
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: Beth Simpson, Buzz Technologies, Inc Tel: +66 87 272 1727 e-mail: beth@12buzz.com
M2 Communications Ltd disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to info@m2.com.
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