"I wonder why? Of course, they want guilable people to think it is 8 million. perthetic."
By: plas $$$
Reply To: 24037 by Lester4 Wednesday, 19 Jul 2000 at 1:50 PM EDT
Post # of 24042
Did they actually TRY this???? ($.8 million)
Why say .8 million? Not 800K? At least print $0.8 million
I wonder why? Of course, they want guilable people to think it is 8 million. perthetic.
ragingbull.altavista.com
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ZiaSun Technologies Successfully Completes AcquisitionOf Asia PrePress Technology Inc.
Cash and Stock Transactions Position ZiaSun
In the Burgeoning Electronic Book Publishing Marketplace
SOLANA BEACH, Calif., July 19 /PRNewswire/ -- ZiaSun Technologies Inc. (OTC Bulletin Board: ZSUN) (www.ziasun.com), a diversified holding company, with equity interest in several emerging-technology businesses, today announced it has successfully completed the acquisition of Asia PrePress Technology Inc., a privately-held company headquartered in Maryland, which provides electronic book publishing services, document conversion and data entry services.
The Company acquired Asia PrePress Technology Inc. by paying the selling shareholders in cash and restricted common shares of ZiaSun, in exchange for 100% ownership of their company. Asia PrePress Technology Inc. is expected to contribute more than $.8 million in revenues to ZiaSun in the current fiscal year alone.
Allen D. Hardman, ZiaSun's President and Chief Executive Officer, stated, "After examining the global Internet landscape, and recognizing the enormous growth potential of electronic publishing services we began searching for ideal emerging-growth companies within this burgeoning sector. Hence, we are pleased to welcome Asia PrePress Technology Inc. into the Company's growing portfolio of Internet-based companies. Asia PrePress Technology's proven management expertise, streamlined and profitable operations and well-established customer base provides the essential ingredients for continued profitable business growth and development."
Patrick Cox, the President Asia PrePress Technology Inc. commented, "The entire book industry has been avidly watching how electronic distribution is changing the face of traditional publishing, production and distribution business models. Because many experts agree that the electronic book industry is poised to flourish into a $2-$3 billion industry by 2003, it seems that everyday there is another major book publisher, book retailer or technology device manufacturer rushing in to meet the needs of this growing new mass market. Coupling Asia PrePress Technology's Philippine-based, around-the-clock electronic book operation with the enhanced sales, marketing and financial resources brought to the table by ZiaSun, we believe we can rapidly expand our electronic book production business."
In conclusion, Hardman said, "ZiaSun is very excited about the addition of Asia PrePress Technology Inc. to its growing subsidiary portfolio. In addition to the promising future growth, Asia PrePress Technology Inc. will also complement our other portfolio holdings. By cross-marketing products and creating customized, packaged support services provided by our other technology businesses, we can enhance the overall value we bring to our growing universe of satisfied customers."
About ZiaSun Technologies, Inc.
ZiaSun Technologies, Inc. is a leading, diversified Internet-technology holding company focused on international investor education and e-commerce and specialized online support services within North America, Asia and other international markets. The Company's portfolio includes: Online Investors Advantage (www.i-advantage.com), Momentum Asia, Inc. (www.momentumasia.com), ServiceLive (www.servicelive.com), Momentum Internet, Inc. (www.momentumplus.com), PINmail (www.pinmail.com), MEDIAhits (www.mediahits.com), Swiftrade (www.swiftrade.com), AsiaEnet Ltd. (www.asiaenet.com), Tigertooth (www.tigertooth.com), Search Dragon (www.searchdragon.com), M Finance (www.mfinance.com -- a top-100 financial Web site), and a 19 percent equity position in Asia4Sale (www.asia4sale.com).
Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: Except for historical information, the matters discussed in this news release that my be considered forward-looking statements could be subject to certain risks and uncertainties that could cause the actual results to differ materially from those projected. These include uncertainties in the market, competition, legal, success of marketing efforts and other risks detailed from time to time in the company's SEC reports. The company assumes no obligation to update the information in this release.
For more information, please contact: Shareholder Services, Michelle Cutting of ZiaSun Technologies Inc., 858-350-4060, mcutting@pinmail.com; or Broker/Investor Relations, Bruce Elliott of Continental Capital & Equity Corporation, 407-682-2001, bruce@insidewallstreet.com.
SOURCE ZiaSun Technologies Inc.
CO: ZiaSun Technologies Inc.; Asia PrePress Technology Inc.
ST: California, Maryland
IN: CPR MLM
SU: TNM
07/19/2000 08:01 EDT prnewswire.com |
