By: AlpineSleuth
Reply To: 6031 by AlpineSleuth Sunday, 18 Jul 1999 at 4:28 PM EDT
Post # of 6040
Francois, in reading your post # 5943 I was initially surprised that you took exception to my comment that you have drawn parallels between ZSUN and CMGI. I distinctly recall reading a Press Release to this effect. So, to prove my point I went to ZSUN's web site to find the Press Release. Guess what Francois? It wasn't there. Nowhere to be found. An oversight I thought as I went to Yahoo! and various other sites that have even older Press Releases. Guess what? You got it! Nothing. I was beginning to go nuts. Was this Press Release a figment of my imagination? And then I thought, let me check SI. And there it was Francois, post # 74. Has ZSUN retracted this Press Release? Is this why it's not on their web site? Is this why you took exception to my comments on the parallels between ZSUN and CMGI?
Here is the Press Release Francois. Do you still contend that you and/or ZSUN have not drawn parallels to CMGI?
ZiaSun Takes CMGI Strategy To The Next Level And Adds New
Asian Web Portal To Holdings
SAN DIEGO, CA - March 26, 1999. ZiaSun Technologies Inc.
(OTC BB:ZSUN)(http://www.ziasun.com) announced on March
24 that it will launch an Asian oriented e-commerce portal called
"Asia4Sale'' (http://www.asia4sale.com), based in Hong Kong.
ZiaSun Technologies has acquired a diversified portfolio of
established Internet companies which are profitable and have
excellent growth potential. ZiaSun is expanding on CMGI's
(Nasdaq:CMGI - news) strategy in building, investing in and
acquiring leading edge Internet service companies while enhancing
the highly business successful model through cross marketing.
ZiaSun is different from CMGI in that all of its Internet products
and services are synergistic and designed to cross market each
other, as well as make money on their own.
Anthony L. Tobin, president and chief executive officer of ZiaSun
said, "The project is currently in an advanced stage of
development. We have teams of programmers working on this in
Hong Kong and Manila. A major marketing drive is also being
planned from our regional headquarters in Hong Kong.''
Asia4Sale will be a three-part e-commerce facility catering to the
global market offering Home Shopping, Industrial Auctions and
Business Barter.
Home Shopping -- "ShoppingAsia,'' will allow online shoppers
anywhere in the world to order goods direct from manufacturers in
Asia, and have these purchases delivered direct to their door.
Auctions -- "AuctionAsia,'' whereby businesses, dealers or
individuals all over the world will be able to buy or sell heavy
equipment, vehicles, machinery, stock lots, etc., in the Asian
region, through the company's online auctions. "It is much like an
industrial eBay (Nasdaq:EBAY - news), but we will be
performing more like a traditional auctioneer, by taking legal
possession of the goods and collecting payments. This will avoid
the sort of legal problems experienced by other online auction
services when sellers have failed to deliver goods to the buyers,''
said Tobin.
Barter -- ZiaSun's Asia4Sale portal will be greatly enhanced by its
recent acquisition of Pacific Barter Ltd. (www.pacificbarter.com),
an Asia-based operation specializing in business-to-business
barter transactions, the third principal element of the e-commerce
hub, "BarterAsia.'' Pacific Barter's exchange system allows its
member clients to trade without the use of cash. The company acts
as a third party clearing house for transactions between members,
and takes its revenues from commissions. Tobin said that ZiaSun's
expertise would be used to expand Pacific Barter, particularly on
the Internet. The barter operations would be integrated into the
Asia4Sale project, he added.
ZiaSun has invested heavily in its strategy to become a highly
branded Asian Web Portal similar to Go2Net in the United States.
ZiaSun.com is an Internet portal or gateway to the Internet, such as
Excite (Nasdaq:XCIT - news), Lycos (Nasdaq:LCOS - news),
Go2Net (Nasdaq:GNET - news), and Infoseek (Nasdaq:SEEK -
news), that provides many services and features for its visitors.
Because the Internet is growing so rapidly, specialized or niche
portals are being developed as the hubs or gateways to the Internet
for groups of individuals with specific interests.
ZiaSun Technologies is a provider of Internet products and
services and Internet-focused support services. ZiaSun's primary
Internet services include: swiftrade.com,
mfinance.com, pinmail.com,
mediahits.com, and searchdragon.com.
ZiaSun's statement comes hot on the heels of a joint-venture deal
struck just days ago between Microsoft Corp. and Hongkong
Telecom, who on March 9 announced plans to develop a
high-speed Internet service, providing shopping, movies, news,
music and software via home personal computers and televisions.
Microsoft (Nasdaq:MSFT - news) Chairman Bill Gates was in
Hong Kong, now a Special Administrative Region (SAR) of
China, for the announcement, which also coincided with a
commitment from the software giant to participate in a HK$13
billion (US$1.66 billion) cyberport being developed by the
government.
Market research group International Data Corp. (IDC) were
recently quoted as predicting that electronic commerce in the
Asia-Pacific region (excluding Japan) would reach US$16.5
billion by 2001. The number of Internet users is expected to grow
from about five million in 1997 to more than 25 million, according
to IDC. The Asia-Pacific market may end up having the largest
number of e-commerce customers in the world by the turn of the
century, they predict.
Note: Any statements released by ZiaSun Technologies Inc. that
are forward-looking are made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995.
Editors and investors are cautioned that forward-looking
statements invoke risk and uncertainties that may affect the
company's business prospects and performance. These include
economic, competitive, governmental, technological and other
factors discussed in the statements.
For more information please contact our Investor Relations
Department at (800) 773-7317.
SOURCE: ZiaSun Technologies Inc.
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