Exactly what will they do with it?:" ZiaSun Declares Asia4Sale.com Dividend to its Shareholders of 3/29/0 15:34 (New York)
Record as of March 29, 2000
Business Editors/Technology Writers
SOLANA BEACH, Calif.--(BUSINESS WIRE)--March 29, 2000--ZiaSun
Technologies, Inc. (OTCBB:ZSUN) today announced that it will make a
partial liquidating dividend of 800,000 restricted shares of
Asia4Sale.com, Inc. (OTCBB:AFSI) to its shareholders of record as of
March 29, 2000.
Following the distribution of this dividend, which will be made
within 180 days, ZiaSun shareholders will own an equity interest in
Asia4Sale, and would benefit from any price gains in the Asia4Sale
stock, which is currently trading at $10.00 per share.
The Asia4Sale website was launched on September 15, 1999 as a
unique e-commerce franchise application catering to the global market
with industrial auctions, business barter, home shopping and the
opportunity for any interested party to open an Asian-specialized
online retail store for free.
During December 1999, ZiaSun sold Asia4Sale.com, Inc. to Internet
Ventures Ltd. (IVL) for $5,000,000 in cash and 30% of the common stock
of Internet Ventures. Subsequent to the sale of Asia4Sale by ZiaSun,
IVL sold Asia4Sale to H & L Investments, Inc. (now Asia4Sale.com,
Inc.) in exchange for 9,000,000 shares of common stock of H & L
Investments. As a result of ZiaSun(1)s 30% ownership in IVL, ZiaSun
received 2,700,000 new Asia4Sale.com shares from the 9,000,000 shares,
which Internet Ventures Ltd. received.
About Asia4Sale.com
Asia4Sale store franchises offer over 5,000 products from more
than 100 Asian manufacturers, and also enables shoppers to order
directly from the manufacturer with home delivery anywhere in the
world. Asia4Sale is especially significant, because it overcame the
major barrier holding Asian companies back from successfully selling
products online, which is the difficulty of obtaining e-commerce
credit card merchant accounts. Asia4Sale is the first portal to
process MasterCard and Visa Card payments through a secure online
credit card payment system operated by the major online credit card
system forerunner, First Ecom.
About ZiaSun Technologies 6 ZiaSun Technologies, Inc. is a leading
Internet technology holding company focused on international investor
education and e-commerce, and specialized online support services
within North America, Asia and other international markets. The
Company's Internet portfolio includes: Online Investors Advantage
(www.i-advantage.com), Momentum Asia, Inc. (www.momentumasia.com),
ServiceLive (www.servicelive.com), Momentum Internet, Inc.
(www.momentumplus.com), PINmail (www.pinmail.com), MEDIAhits
(www.mediahits.com), Swiftrade (www.swiftrade.com), AsiaEnet Ltd.
(www.asiaenet.com), Tigertooth (www.tigertooth.com), Search Dragon
(www.searchdragon.com), M Finance (www.mfinance.com - a top-100
financial website), and a 27% equity position in Asia4Sale
(www.asia4sale.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--pp/mi*
CONTACT: ZiaSun Technologies, Solana Beach
Mark Harris, Investor Relations
858/350-4060 or 800/773-7317
investorrelations@ziasun.com
www.ziasun.com
KEYWORD: CALIFORNIA INTERNATIONAL ASIA PACIFIC
INDUSTRY KEYWORD: INTERNET E-COMMERCE TELECOMMUNICATIONS
DIVIDEND |
