You thought that was funny, in yesterdays press release because it was .8 million In todays they put $.7 million. I am not kidding. Yesterday it was .8 million and today .7million
ZiaSun Technologies Successfully Completes Acquisition Of Asia Internet Services
SOLANA BEACH, Calif., Jul 20, 2000 (BUSINESS WIRE) -- Cash and Stock Transaction Positions ZiaSun In Web-Based Customer Service Management
ZiaSun Technologies, Inc. (OTCBB: ZSUN chart, msgs) (www.ziasun.com), a diversified Internet holding company, with equity interest in several emerging-technology businesses, today announced it has successfully completed the acquisition of Asia Internet Services Inc., a privately-held company headquartered in Maryland, which provides Internet-based background customer service for its clients' Websites.
The Company acquired Asia Internet Services Inc., by paying selling shareholders in cash and restricted common shares of ZiaSun, in exchange for 100% ownership of their company. Asia Internet Services Inc. is expected to contribute more than $.7 million in revenues to ZiaSun in the current fiscal year alone.
"Asia Internet Services Inc. adds yet another Internet-based service provider to ZiaSun's growing portfolio of holdings. More importantly, it is a business with an established profitable operation in the low-cost Philippine business environment with the capability of competing effectively on a global basis. This provides a solid platform for growth and cross marketing with ZiaSun's other subsidiaries. Accordingly, we are anxious to capitalize on the opportunities this business provides" commented Allen D. Hardman, ZiaSun's President and Chief Executive Officer.
Patrick Cox, the President of Asia Internet Services stated, "Timely response to online customer inquiries is quickly becoming one of the most challenging aspects of operating a successful Website. Nonetheless, e-commerce-driven businesses worldwide continue to spend seemingly endless dollars on costly ad and marketing campaigns to attract consumer traffic to the Internet. Through Asia Internet Services, Inc. and its Philippine-based 24/7 response center, ZiaSun can capitalize on the need to provide both big and small businesses alike with a quality first point-of-contact response to questions and concerns presented by customers on individual client Websites, thus establishing customer loyalty, Website integrity, and enhanced revenue opportunities to our clients," continued Cox.
About ZiaSun Technologies, Inc.
ZiaSun Technologies, Inc. is a leading, diversified 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.
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Contact:
ZiaSun Technologies Inc.
Michelle Cutting, Shareholder Services
858/350-4060
mcutting@pinmail.com
or
Continental Capital & Equity Corporation, Longwood, Fla.
Bruce Elliott, Broker/Investor Relations
407/682-2001
bruce@insidewallstreet.com |
