Last Update: February 10, 2009 09:57 ET

Buzz Technologies Inc (OTC:BZTG): Lanna Project to Fund Dividends, Expansion and Underpin Hong Kong Listing

Feb 10, 2009 Proceeds from Buzz Inc’s rapidly developing Lanna Project (details below) will assist in funding the international roll out of Buzz Search, www.12buzz.com Has taken a different approach making search far more visually appealing with a focus on the high revenue Property, Travel and Financial Services sector. Buzz is one of the most widely used English searches in Asia. Th Company also offers a Youtube search that allows users to search and watch Youtube video’s at the same time. The crisp presentation of the Buzz Search service keeps attracting users. Buzz has seen strong growth in providing clients with the companies search knowledge in the form of premium SEO services.

However shareholders will not be forgotten and Buzz Inc will declare annual cash dividends from mine proceeds, and/or an extraordinary cash dividend if the site is sold. The dividend maybe offered prior to the company’s planned listing in Hong Kong and would highlight the many achievements so far.

Buzz Inc’s upgrade of the Lanna Project in Thailand should complete in March 2009. The Manganese Ore site will see new plant and equipment that will bring production capabilities to 25,000 mtu per month.

The company is currently looking at several marketing options for the site production. Having the site operating at 25,000 mtu per month immediately will allow a more profitable marketing deal. Assay Reports have been requested by Glencore www.glencore.com and Buzz Inc will be having a senior person with long history as a geologist within the international mining community prepare this documentation.

As a result of this upgrade the company expects to make the first Mn Ore deliveries in March 2009. Previously deliveries were not planned before 2010.

All sales have now been deferred until after the upgrade is complete. Buzz Inc holds approximately 40,000 mtu of Mn Ore and as mining will continue during the uprade expects to hold 83,000 mtu in processed and packed Mn Ore, this is inline with the deal on offer to Glencore. Glencore International AG is one of the world’s largest suppliers of a wide range of commodities and raw materials to industrial consumers.

CONTACT: Beth Simpson, Buzz Technologies, Inc e-mail: beth@12buzz.com

Posted by Shayne Heffernan on Feb 10th, 2009 and filed under OIL. You can follow any responses to this entry through the RSS 2.0. You can leave a response by filling following comment form or trackback to this entry from your site

1 Response for “Buzz Technologies Inc (OTC:BZTG): Lanna Project to Fund Dividends, Expansion and Underpin Hong Kong Listing”

  1. topgun says:
    February 10, 2009 at 5:51 pm

    I think that the fact that some posters on some of the stockboards find it impossible to believe that Buzz is offering this dividend speaks bundles as to the significance of Buzz’s success in such a short time. You don’t find to many young companies trading on the pinksheets offering dividends to their shareholders.

    I would think that once these posters get over the shock of Buzz’s success that they will become Buzz’s biggest supporters.

    We look forward to embracing them into the brotherhood of Buzz shareholders.

    Have a great day everyone!
    topgun

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