Buzz Technologies, Inc. Announces That Asian Assets Corporation Will Purchase 10 Million Shares in the Open Market

BANGKOK, Thailand, June 12  /PRNewswire-FirstCall/ -- Buzz Technologies Inc. (OTC:BZTG) today announces that Asian Asset Corporation, a strategic investor in Buzz Technologies, has agreed to purchase in the open market a minimum 10 million shares of Buzz Technologies common stock.  Asian Asset Corporation agrees with the management team of Buzz Technologies that its stock is currently undervalued.  However before purchase the company would like to clarify some relevant points.

  1.  Buzz Technologies Inc. is in negotiations with all Thai based
      broadcasters for the right to repeat their transmissions over the
      IP/Web network. These negotiations have been positive and Buzz
      Technologies expects to sign a deal in the coming month.
  2.  Buzz Technologies Inc. is already in discussions with Various
      Cell/Mobile phone network operators in Asia.
  3.  Revenues this quarter will beat expectations
  4.  New products are expected online in the next 90 days including
      http://www.buzz.jobs/, Buzz Licensing for software distribution, Buzz Turnkey
      VoIP and Communications solutions.



The purchase of common stock in the open market by Asian Asset Corporation is to assist in the previously announced stock purchase at .07 cents by Buzz Technologies. It appears that we have shareholders who agree with the long term strategy of the company to build revenues through internal growth and financing. It also appears we have short-term shareholders who do not agree with our previously announced plans. The purchase of shares in the open by Asian asset Corporation will allow short term shareholders the opportunity to immediately close out their positions.

Buzz Technologies Inc. remains committed to not diluting our share holders. Buzz Technologies has issued 210 million shares outstanding and 130 million shares that are in the float; 80 million shares carry restrictive legend. The restricted shares are held by executives and management of the company.

Safe Harbor Statement

Statements contained in this release, which are not historical facts, may be considered "forward-looking statements" under the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on current expectations and the current economic environment. This press release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those projected.

  Contact:
  Sutida Suwunnavid
  [phone]
  

DATASOURCE: Buzz Technologies Inc.



CONTACT:  Sutida Suwunnavid of Buzz Technologies Inc., [phone],

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