ZSUN REPORTS FINANCIALS
Wednesday May 12, 4:00 am Eastern Time
Company Press Release
SOURCE: ZiaSun Technologies Inc.
ZiaSun's Audited 1998 Financial Statement Available
SAN DIEGO, May 11 /PRNewswire/ -- ZiaSun Technologies Inc. (OTC Bulletin Board: ZSUN - news; www.ziasun.com) today released the consolidated audited financial statements for the year ended 1998 for the company and its subsidiaries.
Combined net income was $1,152,210 on sales and other net revenues of $3,537,397. The basic income on the weighted average number of shares outstanding during fiscal year 1998 was $0.47 cents per share.
This equates to a net income of $0.11 cents per share based on a total of 10,465,000 shares issued and outstanding at year end 1998.
The audit was conducted by Jones, Jensen & Company, LLC, of Salt Lake City, Utah, a member of RSM International.
The full financial statements are published on the ZiaSun website at www.ziasun.com. Printed copies are available from our Investor Relations Department at 1-800-773-7317.
The company's Internet products and services include Swiftrade (www.swiftrade.com), 'M Finance' (www.mfinance.com), MediaHits (www.mediahits.com), PINmail (www.pinmail.com), Search Dragon (www.searchdragon.com), ServiceLive (www.servicelive.com), Asia4Sale (www.asia4sale.com), and Online Investors Advantage (www.i-advantage.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.
Contacts: In North America contact our Investor Relations Department at:
1-800-773-7317
At ZiaSun Asia-Pacific Headquarters in Hong Kong, contact:
John Hirsch
+ (852) 2865-0946
jhirsch@ziasun.com
SOURCE: ZiaSun Technologies Inc. |
