ZiaSun Technologies Anticipates Another Record
Quarter
Management Estimates 2nd Quarter Revenues at $14 Million An Increase of 60% Over 2nd
Quarter 1999
SOLANA BEACH, Calif., July 7 /PRNewswire/ -- ZiaSun Technologies, Inc. (OTC Bulletin Board: ZSUN - news), an
Internet holding company with equity interest in several emerging technology businesses, today announced that for the second
quarter, ended June 30, 2000, the Company anticipates reporting revenues of approximately $14 million and earnings before
taxes, depreciation and amortization of approximately $5.8 million. Moreover, the Company further expects to report strong net
income and earnings per share for the three months ended June 30, 2000.
Al Hardman, Chief Executive Officer of ZiaSun Technologies, stated, ``As most our portfolio companies continues to enjoy
success in their respective areas of technological focus, ZiaSun continues to grow and prosper. Our second quarter financial
results are expected to reflect a continuation of the revenue and earnings growth trend that was established in 1999 and in the
first quarter of 2000. Furthermore, we intend to perpetuate and accelerate this growth pattern as we move into the second half
of our fiscal year.''
Continuing, Hardman commented, ``Everyone at ZiaSun is pleased with the outstanding financial performance of the Company
and its subsidiaries. We are excited about the future and look forward to dramatically enhancing our global presence through
ongoing implementation of our strategic growth initiatives, and/or optimizing our current portfolio holdings, and gaining approval
for listing of our common stock on the American Stock Exchange.''
About ZiaSun Technologies, Inc.
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 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 Web site), and a 19 percent equity position in Asia4Sale (www.asia4sale.com).
Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: Except for historical information, the matters
discussed in this news release that my be considered forward-looking statements could be subject to certain risks and
uncertainties that could cause the actual results to differ materially from those projected. These include uncertainties in the
market, competition, legal, success of marketing efforts and other risks detailed from time to time in the company's SEC
reports. The company assumes no obligation to update the information in this release.
For more information, please contact: Michelle Cutting, Shareholder Services of ZiaSun Technologies Inc., 858-350-4060,
mcutting@pinmail.com; or Bruce Elliott, Broker/Investor Relations of Continental Capital & Equity Corp., 407-682-2001,
bruce@insidewallstreet.com.
SOURCE: ZiaSun Technologies Inc. |
