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Buzz Launches VoIP Service and Announces Intentions to Develop a South East Asian Mobile Network

Posted on: Thursday, 1 June 2006, 12:00 CDT

BANGKOK, Thailand, June 1 /PRNewswire-FirstCall/ -- Buzz Technologies Inc announces the Launch of its VoIP Service.

Buzz Technologies Inc is pleased to announce the launch of its new Softphone and VoIP Service at http://www.12buzz.com/. The service, with calls to the most popular International locations available for $0.01 per minute and free calls to Thailand from anywhere in the world to subscribers, in 2006 is expected to rapidly build a strong subscriber base.

Sutida Suwunnavid said "Our Company is strongly committed to the Telecommunications part of our business, with our VoIP, IPTV, Instant Messenger, ISP and Mobile Products all aimed at delivering World Class communication services. These services will compete directly with traditional carriers for market share. To enhance our business model we are pursuing a number of opportunities in Asia to open our own Buzz Mobile Phone Carrier. We expect to generate revenues of $2 Million USD in VoIP sales and services in the first year."

World wide carrier revenues are predicted to grow from the just under $1.2 trillion in 2005 to over $1.5 trillion in 2010. While the overall compound annual growth rate is 5.9 percent, there are notable regional differences.

North America has the slowest growth rate at 3.9 percent annually, but maintained its position as the region with the largest telecommunications services revenue in 2005. As the most mature telecom services market, North America growth is most dependent on new services such as VoIP and 3G as opposed to subscriber growth... VoIP growth is expected to outperform the balance of the market with 3G services close behind after the release of the next generation cell phones.

The Asia Pacific region is experiencing the highest five-year growth overall, at 9.3 percent, and will be the largest telecommunications revenue producer, overtaking North America by 2007. The sheer size of its underserved population combined with a region wide lack of landline infrastructure is a contributing factor as to why Mobile Networks are overtaking Fixed Line networks; this provides a wealth of business opportunities for the Buzz Suite of Mobile Products.

Pol.Lt.Col. Panitan SANTIPET added "The implementation of Convergent Technology and its delivery has always been the driving force behind Buzz. The VoIP service, the Mobile Instant Messenger and our other 3G products make our own cell phone carrier a natural progression, however this will take sometime, 1 to 2 years at least. Buzz would have to acquire the network and keep its Non Dilution commitment to shareholders. We take that commitment very seriously, and we have the support of Asian Asset LLC to pursue an acquisition in the Carrier field that would be debt funded."

Sutida Suwunnavid +667-6239-209 7@7123000.com

Buzz Technologies Inc

CONTACT: Sutida Suwunnavid, +667-6239-209, 7@7123000.com, for BuzzTechnologies Inc

Web site: http://www.12buzz.com/

Source: PRNewswire-FirstCall

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