To: Sir Auric Goldfinger who wrote (6364 ) 1/7/2000 11:42:00 PM From: Frank_Ching Read Replies (1) | Respond to of 10354
New Asian Business Portal for ZiaSun Subsidiary HONG KONG, Jan. 7 /PRNewswire/ -- Momentum Internet Inc (http://www.momentumplus.com ) today announced that it was establishing a new Hong Kong subsidiary to own and develop an Asian business portal to be launched in the near future. The first project of the new company, AsiaEnet Ltd, would be to launch and market an Asian e-commerce portal to be known as ``TigerTooth' (http://www.tigertooth.com ). Momentum Internet is a wholly-owned subsidiary of ZiaSun Technologies Inc (OTC Bulletin Board: ZSUN - news), an Internet-holding company based in Solana Beach, California. TigerTooth will be a single on-line location for diverse information services catering to businesses and individuals in Asia and throughout the world. The Hong Kong-based president and COO of ZiaSun, Anthony L. Tobin, said ``TigerTooth aims to fill a void in Asian portals and provide a true business-to-business and business-to-consumer transactional platform.' The cornerstone of the new portal will be created by the bundling of two of Momentum Internet's most popular Asian websites, Search Dragon (http://www.searchdragon.com ) and 'M Finance' (http://www.mfinance.com ). TigerTooth's content will then be boosted by the addition of other Asia-focused services from ZiaSun, including the on-line investing system SwiftradeHK (http://www.swiftradehk.com ) and the e-commerce platform Asia4Sale (http://www.asia4sale.com ). Content from independent on-line and traditional publishers will also be included. TigerTooth will also feature a reservation system for hotels in the Asian region, an Asian executive search service and extensive news coverage of China provided by a Hong Kong publisher. The portal will also offer news on upcoming regional business events and an on-line English-language teaching course aimed at Asian executives. ``The business community in Hong Kong is very excited about current developments in e-commerce,' said Mr. Tobin. ``Momentum's new Hong Kong subsidiary AsiaEnet will be ideally situated to take advantage of this new on-line activity,' he added. Mr. Tobin said that he would be running AsiaEnet in the first instance and a strong Asian management team would be built up to meet company expansion. The Momentum group currently counts among its staff members Internet-literate multilingual native Chinese who evaluate on-line concepts, ideas and business plans relating to China and other Asian countries. This strength in analysis is complemented by technical knowledge and strong marketing abilities. Momentum is currently in discussions with several parties regarding content acquisitions and strategic partnerships for TigerTooth. ZiaSun Technologies is a leading Internet holding company focused on e-commerce and specialized online support services within North America, Asia and other international markets. In addition to SearchDragon and 'M Finance', the company's Internet products and services include Asia4Sale (http://www.asia4sale.com ), AuctionAsia (http://www.auctionasia.net ), MEDIAhits (http://www.mediahits.com ), ServiceLive (http://www.servicelive.com ), Online Investors Advantage (http://www.i-advantage.com ), PINmail (http://www.pinmail.com ), and Swiftrade (http://www.swiftrade.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 risks 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: ZiaSun Technologies San Diego: Mark Harris Tel: 858-350-4060 E-mail: mark@pinmail.com Hong Kong: Anthony L. Tobin Tel: 852-2866-9323 E-mail: atobin@ziasun.com OTC Financial Network Geoffrey Eiten Tel: 800-230-3519 / 781-444-6100 ext. 13 E-mail: geiten@otcfn.com SOURCE: ZiaSun Technologies Inc.