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

To: Sir Auric Goldfinger who wrote (7190)	3/29/2000 4:03:00 PM
From: StockDung	Read Replies (1) \| Respond to of 10354

"Anthony Tobin told Technology Post last year that the company no longer ran sex-related businesses." Spirit of co-operation rules in Web business scmp.com Monday January 25 2000 Spirit of co-operation rules in Web business At first glance, there was nothing unusual about the Capital Growth Report when it arrived in Backspace's snail-mail box. Of equal parts financial jargon and hype, the report - which charges US$78 for a year's subscription to what appeared to be four badly laid-out pages per month - seemed a typical tech-stock newsletter. What made Backspace choke on his morning coffee was the pick of the month: an obscure public Internet company called ZiaSun Technologies. ZiaSun was known as Momentum Internet when it was based in Hong Kong. Three years ago, a magazine called The Dataphile revealed that Momentum was behind a stable of porn Web sites and phone chat lines that promised Bangkok Babes and China Dolls. Thousands of spam messages advertising these services were sent from Momentum's free e-mail service. While not admitting the spamming, Momentum and now ZiaSun president Anthony Tobin told Technology Post last year that the company no longer ran sex-related businesses. Instead, ZiaSun has latched on to other Web trends. It has an Asian search engine, a stock-trading portal, a financial news service, an advertising network and an auction site called AsiaForSale. It moved to San Diego in 1998 when it began trading over the counter in the US, while keeping most Web operations in Asia, mainly in Hong Kong and Manila. While the company claims to be profitable on modest revenues - $9 million in the second quarter last year - it has been criticised by day traders and investors in the US, who have tried to puncture those claims. Mr Tobin had ZiaSun respond by suing several day-trading and investment sites for alleged defamation. While ZiaSun likes to hype its Web sites - 45 press releases last year - it doesn't appear to be making much money. Most of ZiaSun's revenues came from two off-line subsidiaries, a Philippine-based printing business called Momentum Asia and a US learn-how-to-day-trade seminar which charges $3,995 a head, according to Mr Tobin. So Backspace was puzzled why the editor of Capital Growth Report would hold such an optimistic view of ZiaSun's prospects. 'The company has a dominant position in the exploding Asian Internet market . . . We expect that ZiaSun stock will soon be valued with that of profitable peers such as CMGI, now trading in the [US]$80 range.' A visit to Capital Growth's site (www.capitalg.com) shows it is designed and maintained by Momentum Internet and that Capital Growth offers ZiaSun's Swiftrade stock-trading service to subscribers. Isn't co-operation and alliance-building among Web companies heartening? scmp.com business.scmp.com.

To: Sir Auric Goldfinger who wrote (7190)	3/29/2000 11:30:00 PM
From: StockDung	Respond to of 10354

2TheMart's Top Executives Resign After Auditors Quit Irvine, California, March 29 (Bloomberg) -- 2TheMart.com's top two executives quit after its outside auditor resigned, citing a loss of confidence in management and a lack of adequate internal controls and management oversight. Dominic Magliarditi stepped down as president, chief operating officer and chief financial officer and Steven Rebeil quit as chief executive but remain as co-chairman. Grant Thornton LLP, the outside auditor, informed the company of its resignation a week ago, on March 22, the company said in a filing with the Securities and Exchange Commission. 2TheMart said Grant Thornton explained it would 'no longer be able to rely on management's representations.' It added that Grant Thornton also said it ``does not have adequate internal controls or the appropriate level of management or board oversight' In July, the company's first auditor, Deloitte & Touche LLP ended its relationship with 2TheMart a month after it was hired. Separately, 2TheMart said it agreed to buy Orange, California- based GoToWorld.com Inc., an Internet Site that pays members to Web surf and shop, for an unspecified amount of stock. GoToWorld, which began operations last year, said it gets about 10 million unique visitors per month and has 2 million registered users. A GoToWorld spokesman declined to provide earnings or revenue information. He said GotoWorld's Site was down today because of unusually heavy traffic. 2TheMart 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 Grant Thornton and the executives weren't related. Three years ago, the Nevada Gaming Commission denied a gaming license application submitted by Magliarditi and Rebeil. It found they lied to state investigators and weren't qualified to be officers or directors of a publicly traded company. 2TheMart gained 1/16 to 4 15/16 on trading of 98,800 shares. Mar/29/2000 21:33 For more stories from Bloomberg News, click here. (C) Copyright 2000 Bloomberg L.P.

To: Sir Auric Goldfinger who wrote (7190)	3/30/2000 10:03:00 AM
From: StockDung	Respond to of 10354

messages.yahoo.com. Dear all, I hope someone here could offer some help to me: I own TITAN shares through some investment company (Oxford International, Philipine based) which is now closed down and management of my portforlio is now handled by PT. Pasifika Pratama. I currently holds the share certificate, but I was told that my shares are "bulletin board" shares and hence cannot be sold through normal channel. I am based in Singapore, and do not know much about the trading systems here. Desperately need someone to advise me what to do to sell the shares, as I have problem contacting PT. Pasifika Pratama, whose US office is: Mr Mike McCann (President) 67 Wall Street Suite 2411 New York 10005 Tel: 2129432300 If you could advise me, please email