Business
Knowlton Capital changes its name to Buzz Telecommunications Services Inc. - Change to Performance Escrow Agreement
Knowlton Capital changes its name to Buzz Telecommunications Services Inc. - Change to Performance Escrow Agreement.
About this update from Elixxer Ltd.
[{"type":"text","content":"\n\n\n\nTSX VENTURE SYMBOL: BZZ\n\n\nMONTREAL, Feb. 26 /CNW Telbec/ - Knowlton Capital(TSX V-KCI) announced\ntoday that it has changed its name to Buzz Telecommunications Services Inc.\nand its ticker symbol to BZZ.\n\n\nOn February 20, 2007, the independent board members of Knowlton Capital\nvoted to change the release criteria in the Performance Escrow Agreement for\nthe release of the 6,000,000 performance shares, by maintaining the previous\nsales and profit margin dollar value of the targets instead of the percentage\nvalue and by using the 12 month period ended June 30, 2008 instead of June 30,\n2007, however, the total performance shares could be released in 2007 if the\nmaximum targets for sales and EBITDA are reached by June 30, 2007.\n\n\nFor more information, please consult the related material change report\nfiled with applicable securities regulatory authorities and available on\nwww.sedar.com\n\n\nAbout Buzz Telecom Inc.\n\n\nBuzz Telecom is a unique long distance service provider which specializes\nin dial around long distance services such as its 10-11-555 by the minute\nbilling service and its 10-11-289 bundle of minutes service. Clients can\neffectively dial around their existing carriers by dialing 10-11-555 or\n10-11-289, and the desired telephone number and the charges appear directly on\nthe client's regular telephone bill. Buzz presently offers its services in\nQuebec and Ontario to Bell, Videotron and most recently to Fido Solutions\nclients. Buzz continues to develop innovative long distance products for its\nclients in an effort to provide the highest quality long distance services as\ncompetitively priced as reasonably possible.\n\n\nBuzz Telecom also offer a selection of prepaid calling cards that\ncustomers can use from anywhere in the world, to anywhere in the world.\n\n\n","length":1880,"tagName":"div"}]