Did I nearly forget this one? ...
ZiaSun Launches Hong Kong Stock Trading System
SOLANA BEACH, Calif., Oct. 12 /PRNewswire/ -- ZiaSun Technologies Inc. (OTC Bulletin Board: ZSUN - news;
www.ziasun.com) today announced the launch of SwiftradeHK (www.swiftradehk.com), making on-line access to the Hong
Kong stock market significantly easier for investors around the world.
Trading on the Hong Kong market is made available through SwiftradeHK by United Mok Ying Kie Ltd (UMYK), one of
Hong Kong's oldest and most respected brokers.
UMYK is a member firm of The Stock Exchange of Hong Kong (SEHK) and is registered as a dealer under the Securities
Ordinance with the Securities and Futures Commission (SFC). UMYK is also a corporate member of the Hong Kong
Securities Institute.
The new service provides clients with on-line technology for easy, efficient and inexpensive access to the SEHK. It ensures
swift execution and rapid confirmation of trades, along with accurate and updated balances and positions. Users have access to
real-time SEHK stock prices, to enable them to check prices instantly and have their portfolios updated automatically and in
real-time. Real-time financial news and data are provided by Reuters.
UMYK's Managing Director, Mr. Richard Witts, said the brokerage is extremely pleased to be providing this timely service,
which is available to investors, both local and overseas, who wish to participate in this key market.
Mr. Witts, a long-term figure in the Hong Kong stockbroking industry and former secretary and general manager of the Hong
Kong Stock Exchange, pointed out that the service represents a major step forward for UMYK and the industry as a whole.
``On-line trading is undoubtedly the way forward. In a recent joint report entitled 'Internet Investment Services -- Conclusions
and Recommendations for Hong Kong', the SAR's most respected financial institutions, including The SEHK, SFC, Hong
Kong Futures and The Better Hong Kong Foundation, concluded that there will be a significant shift among local retail
investors towards on-line services. An estimated 20-30 per cent of investors will be trading on-line by 2010, accounting for
30-40 per cent of total retail trading volume.'
``The Internet is creating a more competitive environment in many traditional areas of business. It is essential to seize the
initiative where on-line trading is concerned, not only for the future success of individual brokers, but also to ensure that Hong
Kong retains its status as one of the world's leading markets. The move will enable UMYK to expand its client base while
remaining highly competitive,' Mr. Witts concluded.
UMYK was formed in 1991 as a stockbroking joint venture between United Overseas Bank Ltd (UOB), one of the largest
and most well-known banks in Singapore, and Mr. Mok Ying Kie. Mr. Mok, Chairman of UMYK, is a well-known figure
within the industry. A veteran of the Hong Kong trading scene, Mr. Mok formerly served as Chairman of the Hong Kong
Stock Exchange, one of the stock exchanges replaced by the unified Stock Exchange of Hong Kong in 1986. He has carved
out a substantial niche in the brokerage business over the decades.
In addition to Swiftrade, ZiaSun's Internet products and services include 'M Finance' (www.mfinance.com), MediaHits
(www.mediahits.com), PINmail (www.pinmail.com), Search Dragon (www.searchdragon.com), ServiceLive
(www.servicelive.com), Asia4Sale (www.asia4sale.com) and Online Investors Advantage (www.i-advantage.com).
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.
CONTACTS:
Mark Harris, VP of Investor Relations
ZiaSun Technologies Inc.
858-350-4060
mark@PINmail.com
www.ziasun.com
Geoff Eiten
OTC Financial Network
800-230-3519 / 781-444-6100 ext. 13
geiten@otcfn.com
www.otcfn.com/zsun
SOURCE: ZiaSun Technologies Inc. |
