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BUZZ TECHNOLOGIES, INC.
FINANCIAL STATEMENTS
BALANCE SHEET
AUGUST 22, 2008
ASSETS Current Assets $35,892.00 Cash Shares in Buzz, Inc. (at a discount to valuation, see notes) $300,471,362.00 Total Current Assets $300,507,254.00 Shareholders Equity $300,507,254.00
NOTE-1 Operations
Buzz Technologies, Inc. has established a blanket agreement covering all cost and any required expenses with Buzz, Inc. Under the agreement Buzz, Inc. will pay any all such amounts within the prescribed period of the debt. Buzz Technologies, Inc. now holds a significant investment in Buzz, Inc., and will distribute that investment to holders after which it may seek to acquire other investments or investment management services.
NOTE-2 Accounting Policies Use of Estimates
The valuation of the Equities is below that of estimates and other valuations and has been for now placed at $1.00, this will be reviewed again after Buzz, Inc. is a listed entity.
NOTE-3 Contingencies
As with expenses, contingencies, if any, are now the concern of Buzz, Inc.
In other news, One-2Property (www.property.12buzz.com) has entered in to a sales and marketing agreement with Sri Panwa (www.sripanwa.com) of Thailand's most exclusive property developments.
Buzz will be releasing 3 new search engines, 1. Wikipedia Search, 2. RSS XML Search 3. Blog Search. The 3 offerings in their beta format can be viewed and tested at www.12buzz.com/buzzengine/index.php
Buzz Financial Services has added new features to the Gold and Silver Trading Platform. Clients can now trade Gold and Silver with as little as $100 (www.12buzz.com/fx)
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
SOURCE: Buzz Technologies, Inc.
mailto:beth@12buzz.com
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