In separate letters sent last Friday to Sens. Richard Durbin, D-Ill., and Tom Coburn, R-Okla., all three participant companies said the details of the code are still being worked out, but the basic outlines are settled.
The move will not win the 3 companies many political friends in China and other Asian countries that seem to bare the brunt of the new code.
Durbin and Coburn asked for an update on the talks last month out of concern that without such a code, Internet companies could be pressured more easily by the Chinese government to provide information about Internet users while they are in China during the Summer Olympic games.
The voluntary code will spell out "principles of freedom of expression and privacy" in countries where governments seek users' private information or block access to certain Web sites, according to the letters.
The code also will offer "implementation guidelines" on how participating companies can put the principles into practice. The group will establish a governing body to independently assess how participants are complying.
The code will be completed later this year, once all members sign off.
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
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