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Microcap & Penny Stocks : Zia Sun(zsun) -- Ignore unavailable to you. Want to Upgrade?

To: Sir Auric Goldfinger who wrote (7135)	3/27/2000 7:08:00 PM
From: Sir Auric Goldfinger	Read Replies (1) \| Respond to of 10354

ZiaSun Reports Record Net Sales, Earnings and Profits for 1999 3/27/0 6:18 (New York) Business Editors SOLANA BEACH, Calif.--(BUSINESS WIRE)--March 27, 2000-- Record Sales of $27 Million in Fiscal 1999 with over $10 Million in Earnings and $0.49 EPS EBIT; 1999 Sales Increased 35 Times Over Fiscal 1998 ZiaSun Technologies Inc. (OTCBB:ZSUN), a profitable Internet-technology holding company, today reported exceptional 1999 audited financial results. ZiaSun's net sales for fiscal 1999 increased more than 35 times to $27,220,240 from $769,320 in fiscal 1998 with very substantial fiscal 1999 EBIT earnings of $10,681,207, which provided a tenfold increase of $0.49 per share EBIT for ZiaSun's shareholders of record, compared to $0.045 per share EBIT for fiscal 1998. Plus, total year-end assets were $20,242,896 of which $11,651,307 is cash assets. ZiaSun's condensed, consolidated financial statements will be posted on its Web site (www.ziasun.com) in the near future. In addition, Year-to-date, first-quarter performance is exceeding expectations at all of the company's subsidiaries, and ZiaSun expects to announce some new strategic business relationships in the near future, which will further bolster its objective to achieve yet another record-breaking performance for fiscal 2000. "Everyone involved with ZiaSun has worked very hard to achieve this tremendous year-over-year growth for the company, and we want to thank all the ZiaSun shareholders for their commitment to the company," said Chairman D. Scott Elder. "We expect to continue improving performance throughout 2000 so we can preserve and further increase the shareholder's equity," Elder added. "The company's business model to selectively acquire, develop and sell or hold new entities as appropriate has already demonstrated its validity as a major contributor to corporate revenue with positive earnings. Given this, management will continue targeting acquisition candidates, who can add positive value to ZiaSun's operating strategy and growth objectives, and help maximize shareholder returns," Elder commented. About ZiaSun Technologies ZiaSun Technologies Inc. is a leading Internet holding company focused on international investor education and e-commerce and specialized online support services within North America, Asia and other international markets. The company's Internet portfolio includes: Online Investors Advantage (www.i-advantage.com), Swiftrade (www.swiftrade.com), AuctionAsia (www.auctionasia.net), Momentum Asia (www.momentumasia.com), ServiceLive (www.servicelive.com), Momentum Finance (www.mfinance.com) -- a top-100 financial Web site -- MEDIAhits (www.mediahits.com), Momentum Internet (www.momentumplus.com), PINmail (www.pinmail.com), Search Dragon (www.searchdragon.com), AsiaEnet Ltd. (www.asiaenet.com), TigerTooth (www.tigertooth.com), and a 27% equity position in Asia4Sale (www.asia4sale.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. --30--jf/sd* sf/sd CONTACT: ZiaSun Technologies Mark Harris or Michelle Cutting, 858/350-4060 mark@pinmail.com www.ziasun.com KEYWORD: CALIFORNIA INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS E-COMMERCE INTERNET SOFTWARE Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com

To: Sir Auric Goldfinger who wrote (7135)	3/27/2000 7:38:00 PM
From: who cares?	Respond to of 10354

Auric, color me perplexed. I mean in that PR you posted they claimed sales of $769,320, but gee-whilickers here's another one 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. I guess they have an out on that one since it says "and other net revenue" And then there's the number I gave before from the "audited financials which listed sales of $2.29mm. It seems when the numbers need to be big, then they take all the subsidiaries numbers, from even before they owned them, and combine sales, with anything else they can come up with to make the numbers big. When it needs to be a small number, then they just count the money from when they owned it, and cut it down just to sales. Fraudulent, ehhhh, probably not. Misleading and sneaky, you betcha. CMB