Strong Buy Issued On ZiaSun Technologies by
Security Capital Trading
Near-term Price Target over $15 Per Share with Long-term $30 Price Target
SOLANA BEACH, Calif.--(BUSINESS WIRE)--Nov. 19, 1999-- ZiaSun Technologies, Inc (OTC BB: ZSUN - news), a
profitable Internet holding company, today reported that the New York-based brokerage and analyst firm Security Capital
Trading, Inc. initiated coverage of the Company with a strong buy recommendation.
The analyst report issued a near-term target price above ZiaSun's 52-week high of $15 per share. Security Capital Trading
also reported a long-term price target of $30 per share, or, according to the report, ``roughly 4 times 2001's projected
Revenues.'
The coverage of the Company highlighted several areas of its operations as well as ZiaSun's focus on Asian demographic
markets, explaining some of the growth trends existing in these industry sectors. The report also stated that ``...ZiaSun has
captured an early (and in some markets, a dominant) lead as the portal-of-choice in accessing Far East markets.'
In addition to noting that ZiaSun has ``...strong fundamental operating results, a debt-free balance sheet, and more than ample
working capital (in excess of $5 million),' the Security Capital Report also made several projections regarding the Company's
top and bottom line results - including the following statement:
``For the full 1999 year, we forecast $26 million in Revenues, reflecting a very strong fourth quarter, and EPS of $0.20.
Beyond, we project Revenues more than tripling in 2000 to $90 million (then, doubling in 2001 to $180 million), with EPS
increasing 2.5 times in both 2000 (to $0.60) and 2001 (to $1.50). These robust gains reflect the momentum initiated this year
with each business unit more aggressively cross-selling.'
For a complete copy of the report on ZiaSun Technologies, please contact analyst Raymond L. Dirks' staff at Security Capital
Trading by phone at 888-305-0050.
ZiaSun Technologies, Inc. is a leading Internet holding company focused on e-commerce and specialized online support
services within Asia and other international markets. The Company's Internet offering includes Asia4Sale
(www.asia4sale.com), AuctionAsia (www.auctionasia.net), MEDIAhits (www.mediahits.com), Momentum Asia
(www.momentumasia.com), Momentum Finance (www.mfinance.com - a top 100 financial website), Momentum Internet
(www.momentumplus.com), Online Investors Advantage (www.i-advantage.com), PINmail (www.pinmail.com), Search
Dragon (www.searchdragon.com), ServiceLive (www.servicelive.com) and Swiftrade (www.swiftrade.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 risks 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. Readers should also note
that the Company does not endorse any statements made within this release by third parties, and only provides such statements
for informative purposes.
Contact:
OTC Financial Network
Geoffrey Eiten
800-230-3519 / 781-444-6100 ext. 13
geiten@otcfn.com
www.otcfn.com/zsun
or
ZiaSun Technologies
Mark Harris, VP of Investor Relations
858-350-4060
mark@pinmail.com
www.ziasun.com |
