HOUSTON & BANGKOK, Thailand, Apr 21, 2006 (BUSINESS WIRE) -- Buzz Technologies, Inc. (BZTG) reaffirms its commitment to execute its business plan and move forward toward becoming a fully reporting company.
he 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 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."
Posts: 1442 | From: Lugano - Switzerland | Registered: Sep 2003
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Directly from them: "The 7c Buy Back offer still stands, before we do that we have to get up to date on disclosures, we have some more financial and other news to release in the coming few weeks."
-------------------- "Money, so they say Is the root of all evil today." Posts: 228 | From: NE, PA | Registered: Mar 2006
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