Buzz Technologies, Inc. Provides Update on Non-Audited Financial Balance Sheet.HOUSTON Houston, city (1990 pop. 1,630,553), seat of Harris co., SE Tex., a deepwater port on the Houston Ship Channel; inc. 1837. Economy The fourth largest city in the nation and the largest in the entire South and Southwest, Houston is a port of entry; & BANGKOK Bangkok (băng`kŏk'), Thai Krung Thep, city (1990 pop. 8,538,610), capital of Thailand and of Bangkok prov., SW Thailand, on the east bank of the Chao Phraya River, near the Gulf of Thailand. , Thailand Thailand (tī`lănd, –lənd), Thai Prathet Thai [land of the free], officially Kingdom of Thailand, constitutional monarchy (2005 est. pop. 65,444,000), 198,455 sq mi (514,000 sq km), Southeast Asia. -- Buzz 1. buzz - Of a program, to run with no indication of progress and perhaps without guarantee of ever finishing; especially said of programs thought to be executing a tight loop of code. Technologies, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :BZTG) reaffirms its commitment to execute its business plan and move forward toward becoming a fully reporting company. The company announces preliminary (not audited) financial balance sheet as of March 31, 2006:
Current Assets
Checking/Savings
Cash 364,455.35
Investments 2,052,192.30
Total Checking/Savings 2,416,647.65
Total Current Assets 2,416,647.65
Fixed Assets
Auto
Accum. Dep. Auto -107,335.33
Auto - Other 391,848.18
Total Auto 284,512.85
Hardware and furniture
Accum. Dep. Hardware & Furniture -102,130.55
Hardware and furniture - Other 816,460.53
Total Hardware and furniture 714,329.98
Software and Licenses
Accum. Dep. Software & Licenses -451,473.80
Software and Licenses - Other 3,241,483.13
Total Software and Licenses 2,790,009.33
Total Fixed Assets 3,788,852.16
Other Assets
Land 711,346.90
Total Other Assets 711,346.90
TOTAL ASSETS 6,916,846.71
LIABILITIES & EQUITY
Liabilities
Current Liabilities
Accounts Payable 761,640.27
Total Accounts Payable 761,640.27
Other Current Liabilities
Current Portion of Loans 240,073.87
Total Other Current Liabilities 240,073.87
Total Current Liabilities 1,001,714.14
Long Term Liabilities
Loans 480,147.76
Total Long Term Liabilities 480,147.76
Total Liabilities 1,481,861.90
Equity
Common Stock 2,489,713.62
Paid-In-Capital 14,512,700.48
Retained Earnings -11,625,802.29
Net Income 58,373.00
Total Equity 5,434,984.81
TOTAL LIABILITIES & EQUITY 6,916,846.71
Since January January: see month. 2006 the company has generated $280,195.00 income and net income (not audited) of $58,373.00. Sutida Suwunnavid said, "We are pleased with the results of Buzz so far considering the majority of our Products are yet to hit the market." Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement Statements contained in this release, which are not historical facts, may be considered "forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. " under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and 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 a·mend v. a·mend·ed, a·mend·ing, a·mends v.tr. 1. To change for the better; improve: amended the earlier proposal so as to make it more comprehensive. 2. , 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. |
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