ZSUN's PORTAL: ZiaSun to Strengthen Its Leading Position in the Asian Internet Industry With a New e-commerce Portal for the Region...
SOLANA BEACH, Calif.--(BUSINESS WIRE)--Dec. 22, 1999--ZiaSun
Technologies, Inc (OTC BB: ZSUN), a profitable Internet holding
company, today announced that its wholly-owned Momentum Internet, Inc.
(www.momentumplus.com) subsidiary is in the advanced stages of
developing a new Asian Internet portal.
ZiaSun explained that the new initiative is designed to
strengthen Momentum's position as a recognized leader in Asia's
explosive Internet industry. The portal will be launched as a single
online location for diverse information services catering to
businesses and individuals in Asia and throughout the world. Momentum
Internet is creating the basis of its new e-commerce portal by
bundling the subsidiary's existing Asian business websites: Search
Dragon (www.searchdragon.com) and 'M Finance' (www.mfinance.com - a
top 100 financial site). This offering will be complemented by other
Asia-focused services from ZiaSun, including the online investing site
SwiftradeHK (www.swiftradehk.com) and the e-commerce platform
Asia4Sale (www.asia4sale.com), as well as content from a myriad of
online and traditional publishers.
"Hong Kong is buzzing with excitement over Asian Internet plays,
and we are perfectly placed strategically to take advantage of this
high level of interest," said ZiaSun President and COO Anthony L.
Tobin who is based in Hong Kong. "The recently signed agreement
between China and the United States is paving the way for China's
entry into the World Trade Organization and is significantly
intensifying interest in the Asian Internet industry."
Momentum Internet has Internet-literate Chinese-speaking staff
who evaluates online concepts, ideas and business plans relating to
China and other Asian countries. This strength in analysis is
complemented by the subsidiary's technical knowledge and superior
marketing abilities, from which new Asian Internet projects could
benefit by integrating their operations into the e-commerce portal.
The Hong Kong subsidiary of Momentum Internet is currently in
discussions with several parties regarding content acquisitions and
strategic partnerships for the portal. This includes plans to feature
an Asian hotel reservation system, an Asian executive search service
and extensive news coverage of China provided by a Hong Kong publisher
of Chinese material. The portal may also offer news on upcoming
regional business events and an online English language course aimed
at Asian executives.
Momentum Internet is a diversified Internet services firm with a
range of products and services, including the world's first online
stock trading system for international investors, a premium web-based
email system, an expanding advertising banner network, a global
financial news site and an Asia-focused search engine. ZiaSun
Technologies, Inc. is a leading Internet holding company focused on
e-commerce and specialized online support services within North
America, 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.
--30--mm/bos*
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, 858-350-4060
mark@pinmail.com
www.ziasun.com
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