Stock Watcher, latest financial information on ZSUN subsidiary...
Outstanding: 10Millions shares + + + Float: 2.5 Millions shares
ZiaSun Announces 1998 Results for Internet Subsidiary
SAN DIEGO, Calif., March 3 /PRNewswire/ -- ZiaSun Technologies Inc (OTC Bulletin Board: ZSUN - news; www.ziasun.com) has announced 1998 operating results for Momentum Internet Inc. (www.momentumplus.com), its wholly owned subsidiary, which achieved net profit of $325,355 on revenues of $1,013,267.
''We are extremely pleased that Momentum Internet has achieved these results in its first full year of operation,'' said Mr Anthony L Tobin, President and CEO of ZiaSun.
''Achieving profitability in the first year is a rare achievement in any technology-related company, and we feel that this is a very positive reflection on our products and services.''
ZiaSun expects to release consolidated audits by the end of March, and confidently anticipates that earnings will exceed projections of $.11 per share.
ZiaSun's primary Internet services currently operating are: Swiftrade (www.swiftrade.com), Momentum Finance (www.mfinance.com), PINmail (www.pinmail.com), MediaHits (www.mediahits.com) and Search Dragon (www.searchdragon.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 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.
For more information please contact the Company's Investor Relations Department at 800-773-7317.
SOURCE: ZiaSun Technologies, Inc.
My personal and biased opinion: I expect ZSUN overall results to be in the vicinity of 15 cents EPS for 1998 and I project 50 cents for 1999. No potential investor should use this information to invest in ZSUN, but rather should do extensive Due Diligence. Disclosure: Long 1,500 shares
Regards, F. Goelo + + + |
