New book by Larry Connors Click here Improve your trading - See how
It is my firm belief that financial strength is the foundation for all our corporate aspirations. The bottom line is, the bottom line, and building our financial strength is my number 1 priority.
The financial objectives that I have set are:
* Double-digit operating margins in all operational units;
* Strong cash generation without debt;
* Consistent multi-sector growth greater than the market;
* Improved share price;
Buzz Inc has a proud history. The company has consistently grown and developed without any external funding. We intend to continue that tradition, and start a new tradition of delivering consistent value to shareholders. It won't happen tonight, but the change is underway. As I write this, I have been in charge for a few days. I have relocated the entire family to Hong Kong and will set about the transition to being 100% Buzz Inc. Our team wants to build this company and is ready for the tough roads ahead. Although sacrificing life on the beach, weekends on the boat and what many would consider a perfect life, I can't think of a place I would rather be right now than leading Buzz Inc on its way to success.
In the coming weeks you will see changes to the sites, a site audit is underway to make sure there is consistency and professionalism at all levels. I have ordered and approved funding for staff to be dispatched to 3 gold mining sites in Asia that the company has, and for management to start negotiations to finalize a tentative Oil reserve in Asia that we have held for some time. Iron Ore, Gold and Oil are my prime targets for our mining section.
Bztg shareholders are entitled to 1 Buzz Inc share for each Bztg share held. The share capital of Buzz-Inc is exactly the same as Bztg and the company has stated on numerous occasions there will be no dilution of the share capital. The company has also remained debt free and has only 1 class of share, no preferred shares, and no charges over assets or any other encumbrances. This will not change.
I will be settled in Hong Kong this week and new contact details will be posted for me.
CONTACT: Beth Simpson, Personal Assistant to the CEO, Buzz Technologies Inc e-mail: beth@12buzz.com
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