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

To: Frank_Ching who wrote (7306)	4/7/2000 7:57:00 AM
From: StockDung	Respond to of 10354

"Anthony Tobin told Technology Post last year that the company no longer ran sex-related businesses." "phone chat lines that promised Bangkok Babes and China Dolls." 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: Frank_Ching who wrote (7306)	4/7/2000 8:05:00 AM
From: StockDung	Respond to of 10354

Frank, was you statement true of did you make this up? By: Frank_Ching Reply To: 7654 by onewhoknows Wednesday, 11 Aug 1999 at 12:04 AM EDT Post # of 18837 This morning, I called Mr. Tobin, ZiaSun's President .... Mr. Tobin who was in Hong Kong, is the President of ZiaSun and I did manage to speak with him regarding this subject. I asked him if there was still any connection between ZiaSun and Amber Securities? He replied "absolutely not". He also said that Momentum Internet Inc., a ZiaSun subsidiary, was in the process of taking legal action against Amber Securities to recover US$ 210,000 in fees owing. Frank Ching. ragingbull.com

To: Frank_Ching who wrote (7306)	4/7/2000 8:11:00 AM
From: StockDung	Respond to of 10354

ragingbull.com By: Frank_Ching Reply To: None Thursday, 16 Sep 1999 at 11:42 AM EDT Post # of 18832 Interesting news ... I called my new friend at Momentum, the web guy I met recently at a party in Hong Kong, to ask him if he had heard anything about the case against the SSBs. He was a bit cagey, but said that he had heard one of the directors saying that Zsun was considering a settlement with two of the defendents, but not with the rest of them. He said he heard that the company had been gathering evidence against all of them and had been able to get copies of some of their trading records. Not sure exactly what he meant as he didn't want to tell me more saying he was only telling me what he'd picked up around the office. He's a web developer, not in management. But he did also day he'd heard that the company had obtained some damaging evidence against a broking firm in LA and their HK agents who were involved in shorting the stock. Couldn't get any more info today because of the typhoon here. Frank Ching.