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Affordable Telecommunications Provides Update on $0.07 Stock Buy Back Offer10 November 2005
Affordable Telecommunications Technology (OTC: ATCT) Chairwoman, Sutida Suwunnavid, today provides an update on merger with 7123000.com and stock buy back offer of $0.07 per share. Sutida Suwunnavid is scheduled to visit ATCT's U.S. Headquarters on December 1, 2005 during her visit she will assume control of operations, and focus her attention on solving logistic issues such as banking, reporting, and Transfer Agents. Once completed, she will begin the process of changing the company's name to Buzz Technologies (http://www.12buzz.com). Sutida said, "I am excited to update our shareholders on the progress that is being made and would like to inform everybody that once the logistic issues are solved we will announce our detailed plan to purchase the company's shares at $0.07. Prestige Asia will be on market buying stock in the coming weeks." The company recently signed a letter of intent with CYOP Systems International Inc., a leading provider of online gaming software and operator of games portals, whereby ATCT shall be providing CYOP with payment solutions in Asia and CYOP shall be providing its licensed CrediPlay Games and RedFelt Poker Software to ATCT. For more news on the company visit http://www.financialnewsusa.com (OTC: FNWU). As well as having reached an agreement with Siteworks Building and development in relation to the installation of fiber optic lines in a number of locations. Safe Harbor Statement Statements contained in this release, which are not historical facts, may be considered "forward-looking statements" under the Private Securities Litigation Reform Act 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, 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. Sutida Suwunnavid Chairwoman Affordable Telecommunications Technology +6668884665 Affordable Telecom USA Steven Bethke, 832-814-0673 info@atct.us Financial News USA Tel: 626-961-8041 info@financialnewsusa.com
Source: PR Newswire
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