Buzz Technologies, Inc. Announces That Asian Assets Corporation Will Purchase 10 Million Shares and Cingular Wireless Turns on New Cell Site

Telecommunications industry news provided by Financial News USA (OTC: FNWU). Buzz Technologies Inc. (OTC: BZTG) recently announces that Asian Asset Corporation, a strategic investor in Buzz Technologies, has agreed to purchase in the open market a minimum 10 million shares of Buzz Technologies common stock. Asian Asset Corporation agrees with the management team of Buzz Technologies that its stock is currently undervalued. The legislative debate over hastening competition for cable TV service should not lose focus on Pennsylvania's consumers, who will benefit the most from such competition, Verizon's (NYSE:VZ) public policy leader in the state told members of the Pennsylvania State Association of Boroughs (PSAB) this morning." Today, the local franchise process denies people who live in your communities the undeniable benefits of cable competition," said William B. Petersen, president of Verizon Pennsylvania. "

Cingular Wireless, a joint venture between AT&T Inc. (NYSE: T) and BellSouth Corporation, has expanded coverage in southern Taylor County with the activation of a new cell site in Steinhatchee. The site is providing coverage in town and along State Highways 361, 358 and 51. The new Steinhatchee cell site is one of 40 new sites to be turned on this year in North, Central and West Florida by the nation's largest wireless carrier. Qwest Communications International Inc. (NYSE: Q) will release second quarter 2006 earnings and operational highlights on Tuesday, August 1, 2006, at approximately 7:00 a.m. EDT. Qwest will host a conference call August 1, 2006, at 9:00 a.m. EDT. This call will feature Richard C. Notebaert, chairman and CEO, and Oren G. Shaffer, vice chairman and CFO, who will jointly provide the company's perspective on second quarter results.

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