"the Philippines, and the British Virgin Islands."???
British Virgin Islands???
To: C M Burns who wrote (9329)
From: C M Burns Thursday, Aug 17, 2000 11:40 AM ET
Reply # of 9332
What better place to begin, than at the beginning. Yes, ZSUN's very first PR, rife with misrepresentation. Here it is in all of it's sliminess.
FOR IMMEDIATE RELEASE
CONTACT:
John Hirsch
Momentum Internet, Inc.
852/2865-09476
jhirsch@momentumplus.com
ziasun.com
ZiaSun Announces Acquisitions
October 29, 1998 (INB) -- ZiaSun Technologies Inc. (NASDAQ OTC/BB: ZSUN), an Internet-oriented holding company, today announced its first two acquisitions, Momentum Internet Inc. and Momentum Asia Inc.
Momentum Internet Inc. (MII) is a diversified Internet services firm with offices in California, Hong Kong, the Philippines, and the British Virgin Islands. MII's web presence includes Swiftrade, an on-line stock trading network tailored for offshore investors, MEDIAhits, a banner network with 6,200 hosts and nearly 10 million impressions per month, Momentum Finance, an international financial news site, and PINmail, a web-based e-mail service. MII also designs, manages, and promotes Internet sites, primarily for US corporations. Momentum Internet Inc. has net audited assets of $900,000 (Dec. 31, 1997), and anticipates 1998 earnings of $334,000. Earnings for 1999 are expected to exceed $1,000,000.
Momentum Asia Inc. (MAI) is a provider of graphic design, prepress, printing, database management, and direct mail services based in incentive-rich freeport zones in the Philippines. MAI is taking advantage of low labor and facilities costs to install contract e-mail customer service facilities serving high-volume Internet sites. Net Audited Assets are $800,000 (Dec. 31, 1997), with earnings of over $140,000 in 1997. Projected 1998 earnings are $680,000, and earnings are expected to reach $1.4 million in 1999.
While the two will remain independent companies, ZiaSun will take advantage of their compatible services by establishing links between the companies and offering preferential service packages to established clients. ZiaSun will extend this approach by pursuing acquisitions in high traffic websites, proprietary Internet software, telephony and bandwidth providers, and related Internet services.
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. |
