TSX VENTURE SYMBOL: BZZ
MONTREAL, Feb. 26 /CNW Telbec/ - Knowlton Capital(TSX V-KCI) announced today that it has changed its name to Buzz Telecommunications Services Inc. and its ticker symbol to BZZ.
On February 20, 2007, the independent board members of Knowlton Capital voted to change the release criteria in the Performance Escrow Agreement for the release of the 6,000,000 performance shares, by maintaining the previous sales and profit margin dollar value of the targets instead of the percentage value and by using the 12 month period ended June 30, 2008 instead of June 30, 2007, however, the total performance shares could be released in 2007 if the maximum targets for sales and EBITDA are reached by June 30, 2007.
For more information, please consult the related material change report filed with applicable securities regulatory authorities and available on www.sedar.com
About Buzz Telecom Inc.
Buzz Telecom is a unique long distance service provider which specializes in dial around long distance services such as its 10-11-555 by the minute billing service and its 10-11-289 bundle of minutes service. Clients can effectively dial around their existing carriers by dialing 10-11-555 or 10-11-289, and the desired telephone number and the charges appear directly on the client's regular telephone bill. Buzz presently offers its services in Quebec and Ontario to Bell, Videotron and most recently to Fido Solutions clients. Buzz continues to develop innovative long distance products for its clients in an effort to provide the highest quality long distance services as competitively priced as reasonably possible.
Buzz Telecom also offer a selection of prepaid calling cards that customers can use from anywhere in the world, to anywhere in the world.