ZiaSun's New Subsidiary Achieves Record Revenues
ZiaSun Technologies Inc
OTC BB: ZSUN
Press Release
April 28, 1999
SAN DIEGO, CA. April 28, 1999. ZiaSun Technologies Inc (OTC BB: ZSUN) (www.ziasun.com) announced that its wholly owned subsidiary Online Investor's Advantage Inc (OIA) continues to generate record monthly revenues in 1999. March revenues alone accounted for more than 50% of the 1999 record first quarter results of $4,440,451. April 1999 sales are more than 10% over the March record and are almost 400% better than those of April last year.
"These results are even more impressive given the fact that spring and summer months usually slow down in this industry," stated OIA president, D Scott Elder. "We're seeing continued strong interest in our online investing training programs as millions of individual investors continue to flock to the Internet to take advantage of the simplicity and cost savings of trading online. Our forthcoming New York program has been oversubscribed by more than 100%, and last week our sales were the single biggest week ever in our country history, coming mainly from second tier markets like Dallas, Houston, Cincinnati and Milwaukee."
Mr Elder stated that OIA is continuing to streamline its operations and expects these changes to have a positive impact on profitability. OIA is growing at an exponential rate, projecting 1999 revenues of $15 million with $2.5 million in earnings. Total revenue for the company's first year of operation in 1998 was $3,394,503 with a profit of $153,070. First quarter results for 1999 produced revenues of $4,440,451 with earnings of $878,805.
These projections are for OIA's US operations only, and do not take into account the companies international growth potential where ZiaSun has its core operations. OIA expects to roll out its training courses on an international basis by the end of summer, which will be a significant boost to revenues for the company.
Online Investors Advantage is the largest company in its specific industry, and is the market leader in educating the US public regarding the benefits, dangers, and required skills for effectively trading stocks on the internet. OIA teaches investors who wish to trade securities by computer how to access and use the tools available on the Internet for optimum investing results.
ZiaSun's primary Internet services currently operating are : Swiftrade (www.swiftrade.com), M Finance (www.mfinance.com), PINmail (www.pinmail.com), MediaHits (www.mediahits.com), Search Dragon (www.searchdragon.com) and online Investors Advantage (www.i-advantage.com).
Note: Any statements released by ZiaSun Technologies Inc. that are forwarded-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 our Investor Relations Department at (800) 773-7317.
Contact: ZiaSun Technologies Inc
Reference ticker symbols: NASD OTC BB - ZSUN
ZiaSun Technologies Inc Website: www.ziasun.com
Anthony L Tobin, President & CEO
ZiaSun Technologies Inc.
12707 High Bluff Drive, Second Floor
San Diego, CA 92130, USA
12A First Pacific Bank Center
56 Gloucester Road, Wanchai
Hong Kong
Website Address: ziasun.com
D Scott Elder, President
Online Investors Advantage Inc
852 North 1430 West
Orem, Utah 84097
Phone: (801) 229-2794
Email: dscote@i-advantage.com
Investor Relations
Phone: (800) 773-7317
Email: knowledge@vericom.ca
SOURCE: ZiaSun Technologies Inc |
