Now who could forget this gem of a press release. The announcement of the first set of audited financials, Complete audited financial statements will be made public in due course,with a competely diff set of numbers then the ones submitted to the SEC, then there was the S and P filing with the next set of audited financials, then the initial 10sb filing, then the first amended 10sb filing then the recent second amended 10sb filing.
Whats a Truthseeker to do?
Monday April 19, 5:20 am Eastern Time
ZiaSun Announces Audited 1998 Earnings of $0.11 Per Share, and a 2 for 1 Forward Stock Split
SAN DIEGO, April 19 /PRNewswire/ -- ZiaSun Technologies Inc. (OTC Bulletin Board: ZSUN - news; www.ziasun.com) today announced the completion of the consolidated audit of the 1998 financial statements of the company and its subsidiaries.
Combined net income was $1,152,210 on revenues of $3,537,397. Net income equates to $0.11 per fully diluted share at the end of 1998. Complete audited financial statements will be made public in due course.
The company also announced authorization of a 2 for 1 forward stock split.
Mr. Anthony L. Tobin, President and CEO, said, ``We are pleased with the profitable performance of the company and its subsidiaries in 1998, but we are more excited about the significant increases in revenues and profits being generated by the company in the first and second quarters of 1999.
``It is rare for small Internet related companies to show profits in their early stages, and even large, established names in the industry are still trying to achieve profitability. We have built a very solid financial foundation on which to build the future,' said Mr. Tobin.
``For a newly formed company we are delighted to have achieved these results, which help establish us as a dominant player in the Asian marketplace and sets the stage internationally for an exciting 1999,' added Mr. Tobin.
ZiaSun's recent acquisition, Online Investors Advantage Inc. (OIA), is growing at an exponential rate and will add a significant amount of revenue and profit to ZiaSun in 1999.
The company also stated that it plans to file a Form 10SB registration statement in the very near future, and that it now meets all criteria necessary for listing and trading on the Nasdaq SmallCap Market.
ZiaSun's primary Internet services currently operating are: Swiftrade (www.swiftrade.com), Momentum Finance (www.mfinance.com), PINmail (www.pinmail.com), MediaHits (www.mediahits.com) Search Dragon (www.searchdragon.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. |
