China Foreign Exchange Site Launched by Buzz
June 20 2008 - 11:26AM
Marketwired
HONG KONG and PHUKET, THAILAND is pleased to announce the launch
of its Chinese Language Foreign Exchange trading platform
www.12buzz.com/cnfx in conjunction with Easy Forex, one of the
world's largest Foreign Exchange trading companies. The launch is
part of the Smart Investment Expo www.smartexpos.com currently
underway in Hong Kong.
Buzz (www.12buzz.com) has been active building a publisher
network throughout Asia and is the home page for over 130,000 PCs
in internet cafes across the region and appears on some of Asia's
most popular web sites. Unlike rivals Google and Baidu, Buzz has
actively sought partnerships with advertisers on a revenue sharing
basis as well as offering traditional advertising.
"We firmly believe we have the best advertising network in Asia,
so working on a success formula with clients actually generates
more revenue than pure ad sales, plus it is such a great way to
build lasting business relationships. Anyone wanting to reach the
huge market in Asia through online ads should really be talking to
us," said Sutida Suwunnavid, Buzz Technologies, Inc.'s Chairwoman
speaking at the Hong Kong Smart Expo.
Regional Business Development Director for Buzz, Thanissara
Sinprasertwong, added, "I was amazed in my first week with the ad
network. I entered a property ad on Buzz, seconds later it was on
Bangkok Post and an hour later we were getting calls for the
property. The network offers such a powerful and fast marketing
tool for many sectors including financial services; I am sure Buzz
FX will do very well given how popular FX trading is in Asia."
Trading in Asian currencies has grown substantially in recent
years, rising in value to 249 billion dollars a day in 2007.
Turnover in 10 Asian currencies, excluding the yen, jumped 130
percent between 2004 and 2007, with the Hong Kong dollar accounting
for 40 percent of daily operations. Trading in the Chinese currency
rose more than sevenfold from two billion dollars in 2004 to 15
billion dollars in 2007.
In general, foreign exchange trading globally is 30 times the
value of trade in goods and services, but trading Asian currencies
is far below this ratio except in the case of the Hong Kong
currency which exceeds it. The availability of local language
trading platforms like Buzz FX will see Asia catch up with the rest
of the world in the next 5 years. Early entry to this market and
the already strong popularity of the www.12buzz.com portal will see
the company as one of the prime destinations for FX and Equity
Traders in Asia.
Buzz's Online marketing has already replaced Google as
Thailand's premier online ad supplier and now has its eyes firmly
set on China.
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: Buzz Technologies, Inc. Beth Simpson 66872721727
Marketing Director beth@12buzz.com http://www.12buzz.com Buzz
Technologies, Inc. Srisoonthorn Road Cherngtalay, Phuket,
Thailand
Buzz Technologies (CE) (USOTC:BZTG)
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