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To: Sir Auric Goldfinger who wrote (7181)3/29/2000 1:23:00 PM
From: StockDung  Respond to of 10354
 
2TheMart.com Enters Into Letter of Intent to Merge With GoToWorld.com


IRVINE, Calif.--(BUSINESS WIRE)--March 29, 2000--2TheMart.com (OTC BB:TMRT), an Internet e-commerce company, Wednesday announced that it has entered into a Letter of Intent to merge with GoToWorld.com, Inc.

("GoToWorld.com"), the global communication super portal that pays its members to surf and shop on the Internet.

2TheMart.com will merge with GoToWorld.com. GoToWorld.com.'s portal, which currently receives more than approximately 10 million unique visitors per month, has a current registered user base of approximately 2 million users. This relationship will provide an instant base of traffic and users for the 2TheMart.com e-commerce engine.

Subject to the preparation of definitive documentation and approval by each companies' respective board of directors and shareholders, 2TheMart.com will acquire all of the issued and outstanding shares of the common stock of GoToWorld.com in exchange for shares of common stock of 2TheMart.com.

Pursuant to the proposed merger, Ian S. Simpson, GoToWorld.com's current chairman and CEO, will become the president, CEO and co-chairman of the board of the merged company. Steven W. Rebeil, 2TheMart.com's current CEO and chairman of the board will resign as CEO but continue as co-chairman of the board of the merged company.

Additionally, Dominic J. Magliarditi, 2TheMart.com's current president, COO, CFO, secretary and a director has relinquished his positions with 2TheMart.com. 2TheMart.com is currently in the process of recruiting additional officers and directors.

"We anticipate that this merger will provide our company and GoToWorld.com with a world-class Internet portal and business e-commerce solution built on one of the largest supercomputing infrastructures in the world," said Steven Rebeil, 2TheMart.com's CEO. "This will enable the combined entities to provide their business-to- business and business-to-consumer turn-key e-commerce solution to all of the world's merchants," said Rebeil.

"We are excited to begin working with our new partners. With the synergy of our two companies and utilizing the supercomputer infrastructure of 2TheMart.com and the Universal Translator(R) technology of GoToWorld.com's parent company, Language Force Inc., we believe the combined new company will be well positioned to become a dominant player in the trillion dollar business-to-business global e-commerce market," said Simpson, chairman and CEO of GoToWorld.com.

In an unrelated matter, Grant Thornton LLP, 2TheMart.com's current independent auditors have resigned and have been replaced with the accounting firm of Corbin & Wertz, LLP. Corbin & Wertz, LLP will serve as 2TheMart.com's ongoing independent accountant.

About 2TheMart.com

Founded in January 1999, 2TheMart.com is an innovative online product portal where merchant partners sell their products on a fee-per-transaction basis. Consumers are offered a vast selection of specialty and brand-name products to create a compelling one-stop-shopping destination that is next generation in product merchandising, with world-class customer care for consumers and merchants alike.

With headquarters in Irvine and a satellite office in New York City, 2TheMart.com can be reached on the World Wide Web at www.2TheMart.com or by calling 949/477-1200.

About GoToWorld.com

GoToWorld.com is one of the fastest-growing search portals in the world, thanks to its language translation capabilities, powerful meta search engine, rich content and unique revenue-sharing arrangement with its members.

GoToWorld.com members are paid by the hour while they are surfing the Web, chatting using the GoToWorld.com Browser and Instant Messenger(TM) and shopping at GoToWorld.com; in addition, each member earns a referral fee for each hour their referrals surf the Internet and chat. Members also earn a fee when their referral base shops.

The referral system extends for three levels, with no limit on the total number of referrals possible. GoToWorld.com is able to pay its members because advertising revenue is shared with users when they view banner ads. Powered by proprietary Universal Translator(R) technology, GoToWorld.com expresses the corporate mission "Bringing the World Together."

Founded in 1999, the company is currently privately owned and is represented by Deloitte & Touche as its accounting firm.

Forward-Looking Statements

Certain information and statements included in this release are intended to constitute "forward-looking statements" within the meaning of the Federal Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of the company to be materially different from any future results, performance, or achievements expressed or implied in such forward-looking statements.

CONTACT:

2TheMart.com, Irvine

William Wagner, 949/477-1200

bwagner@2themart.com

KEYWORD: CALIFORNIA NEW YORK

BW1239 MAR 29,2000

6:03 PACIFIC

9:03 EASTERN



To: Sir Auric Goldfinger who wrote (7181)3/29/2000 1:24:00 PM
From: StockDung  Respond to of 10354
 
Additionally, Dominic J. Magliarditi, 2TheMart.com's current president, COO, CFO, secretary and a director has relinquished his positions with 2TheMart.com. 2TheMart.com is currently in the process of recruiting additional officers and directors.



To: Sir Auric Goldfinger who wrote (7181)3/29/2000 1:24:00 PM
From: StockDung  Respond to of 10354
 
In an unrelated matter, Grant Thornton LLP, 2TheMart.com's current independent auditors have resigned and have been replaced with the accounting firm of Corbin & Wertz, LLP. Corbin & Wertz, LLP will serve as 2TheMart.com's ongoing independent accountant.



To: Sir Auric Goldfinger who wrote (7181)3/29/2000 2:17:00 PM
From: StockDung  Respond to of 10354
 
You just cant get returns in the market like this these days.

KNGI - KENSINGTON INTL INC (NEW)
Exchange: OTC
Delay: at least 15 minutes
Last Price: 0.031
Change: Up 0.021 (+210.00%)
High: 0.031
Low: 0.031
Open: 0.031
Previous Close: 0.01 on 3/16
Volume: 10
Currency Units: US Dollar

Confirm all data with your broker or financial advisor before trading.

Data by: S&P ComStock



To: Sir Auric Goldfinger who wrote (7181)3/29/2000 2:38:00 PM
From: StockDung  Respond to of 10354
 
Wednesday March 29, 1:51 pm Eastern Time
Company Press Release
SOURCE: ZiaSun Technologies, Inc.
ZiaSun Declares Asia4Sale.com Dividend to Its Shareholders Of Record as of March 29, 2000
SOLANA BEACH, Calif., March 29 /PRNewswire/ -- ZiaSun Technologies, Inc. (OTC Bulletin Board: ZSUN - news) today announced that it will make a partial liquidating dividend of 800,000 restricted shares of Asia4Sale.com, Inc. (OTC Bulletin Board: AFSI - news) to its shareholders of record as of March 29, 2000.

Following the distribution of this dividend, which will be made within 180 days, ZiaSun shareholders will own an equity interest in Asia4Sale, and would benefit from any price gains in the Asia4Sale stock, which is currently trading at $10.00 per share.

The Asia4Sale website was launched on September 15, 1999 as a unique e-commerce franchise application catering to the global market with industrial auctions, business barter, home shopping and the opportunity for any interested party to open an Asian-specialized online retail store for free.

During December 1999, ZiaSun sold Asia4Sale.com, Inc. to Internet Ventures Ltd. (IVL) for $5,000,000 in cash and 30% of the common stock of Internet Ventures. Subsequent to the sale of Asia4Sale by ZiaSun, IVL sold Asia4Sale to H & L Investments, Inc. (now Asia4Sale.com, Inc.) in exchange for 9,000,000 shares of common stock of H & L Investments. As a result of ZiaSun's 30% ownership in IVL, ZiaSun received 2,700,000 new Asia4Sale.com shares from the 9,000,000 shares, which Internet Ventures Ltd. received.

About Asia4Sale.com

Asia4Sale store franchises offer over 5,000 products from more than 100 Asian manufacturers, and also enables shoppers to order directly from the manufacturer with home delivery anywhere in the world. Asia4Sale is especially significant, because it overcame the major barrier holding Asian companies back from successfully selling products online, which is the difficulty of obtaining e-commerce credit card merchant accounts. Asia4Sale is the first portal to process MasterCard and Visa Card payments through a secure online credit card payment system operated by the major online credit card system forerunner, First Ecom.

About ZiaSun Technologies

ZiaSun Technologies, Inc. is a leading Internet technology 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), Momentum Asia, Inc. (www.momentumasia.com), ServiceLive (www.servicelive.com), Momentum Internet, Inc. (www.momentumplus.com), PINmail (www.pinmail.com), MEDIAhits (www.mediahits.com), Swiftrade (www.swiftrade.com), AsiaEnet Ltd (www.asiaenet.com), Tigertooth (www.tigertooth.com), Search Dragon (www.searchdragon.com), M Finance (www.mfinance.com -- a top-100 financial website), 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.

SOURCE: ZiaSun Technologies, Inc.

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More Quotes
and News: ASIA 4 SALE.COM (OTC BB:AFSI.OB - news)
ZiaSun Technologies Inc (OTC BB:ZSUN.OB - news)
Related News Categories: computers, internet

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To: Sir Auric Goldfinger who wrote (7181)3/29/2000 3:18:00 PM
From: StockDung  Read Replies (1) | Respond to of 10354
 
2TheMartcom's President Magliarditi, Outside Auditor Quit


Irvine, California, March 29 (Bloomberg) -- 2TheMart.com, an Internet auction operator, said Dominic Magliarditi, its president, chief operating officer and chief financial officer has resigned, along with Grant Thornton LLP, its outside auditor.

2TheMart, based in Irvine, California, also said it agreed to buy GoToWorld.com Inc., an Internet Site that pays members to Web surf and shop, for an unspecified amount of stock.

The company said Ian Simpson, GoToWorld's chief executive, would become president, chief executive and co-chairman of 2TheMart.

With just two days remaining before the company's deadline to file its 1999 audited financial statements with the Securities and Exchange Commission, Corbin & Wertz, LLp was hired to replace Grant Thornton to conduct the audit.

The company said the resignations of Magliarditi and Grant Thornton weren't related.

Mar/29/2000 14:36

For more stories from Bloomberg News, click here.

(C) Copyright 2000 Bloomberg L.P.



To: Sir Auric Goldfinger who wrote (7181)3/29/2000 3:46:00 PM
From: StockDung  Respond to of 10354
 
from rb


By: frisky
Reply To: None Wednesday, 29 Mar 2000 at 3:22 PM EST
Post # of 18558


Do you know why ZSUN decided to pay 800,000 shares AFSI as liquidating dividend to ZSUN's shareholders and keeps 19,000,000 shares or 19% of AFSI's total outstanding shares?

The reason is that ZSUN does not have to use the equity method of accounting anymore. Meaning, all the losses of AFSI do not have to be allocated to ZSUN's income statement. Since ZSUN is going to use the cost method, the investment in AFSI will be classified as either trading securities or available for sale securities. Suddenly, ZSUN creates a super balance sheet and income statement from nothing. The management can BS how much income they have increased from last year.

ZSUN has done what I predicted in the past. These people are very smart.





To: Sir Auric Goldfinger who wrote (7181)3/29/2000 4:15:00 PM
From: StockDung  Respond to of 10354
 
strange, only 100 shares of DYNX traded today?

DYNX: DYNATEC INTL
Time Last Change
11:41 3 1/2 0
Bid(Size) Ask(Size) Volume
3 1/2(1) 3 9/16(1) 100
Open High Low
3 1/2 3 1/2 3 1/2
#Trades Avg Size Last Size
1 100 100
52WkHi 52WkLo Last Tics
4.34 13/16 ++--