Did you hear this Auric? -->``it's probably securities fraud.''
"This may be more than just unethical. ``If a company's press release about a research report fails to disclose the report was bought and paid for,'' says Valerie Caproni, director of the SEC's Pacific regional office, ``it's probably securities fraud.''
ZiaSun Receives Investment Opinion From Stockreporter
Stockreporter Issues Strong Buy Recommendation
Of $28.50 Year 2000 Share Price Target
SOLANA BEACH, Calif., April 20 /PRNewswire/ -- ZiaSun Technologies, Inc. (OTC Bulletin Board: ZSUN; Frankfurt/Hamburg: ZIA) today announced that Stockreporter issued a strong buy recommendation on ZiaSun, with a year 2000 target price of $28.50 per share, which, relative to a current trading level of approximately $10 per share, indicates tremendous potential for investors over the short and long term. Stockreporter is a leading European financial Internet publication located at www.stockreporter.de that specializes in the coverage of micro-cap stocks and undervalued companies.
"We believe ZiaSun is a tremendously undervalued stock. Stockreporter believes that ZSUN could appreciate to trading levels in line with other companies in the Internet incubator sector. For example, Internet incubator CMGI is currently valued at roughly $80 per share with a $23.5 billion market cap, despite a net loss of over $300 million for the first six months alone," commented Stockreporter's Torsten Prochnow. "Stockreporter is recommending the purchase of ZSUN for investors who want to establish a position in their Internet incubator sector. We are anticipating that ZiaSun may be one of the top performers in that sector because of its continued strong performance in North America and its focus and early positioning in the Asia Pacific and European markets -- the two regions generating the world's fastest growing Internet user base."
ZiaSun is a profitable Internet incubator with rapid earnings growth and a very strong position in the financial, investment, auction and e-commerce sectors of the explosive Internet industry. Record fiscal 1999 results were posted with earnings of $10.7 million, or $0.49 per share EBIT, on revenues of $27.2 million. It also reported dramatic balance sheet improvements with $20.2 million in total assets and $11.7 million in cash at year-end to aggressively pursue its growth objectives for 2000.
View the complete Stockreporter report on ZSUN, prepared by Christina Skousen, Registered Investment Advisor, at www.stockreporter.de .
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 19% equity position in Asia4Sale ( www.asia4sale.com ).
"Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: Except for historical information, the matters discussed in this news release that my be considered forward-looking statements could be subject to certain risks and uncertainties that could cause the actual results to differ materially from those projected. These include uncertainties in the market, competition, legal, success of marketing efforts and other risks detailed from time to time in the company's SEC reports. The company assumes no obligation to update the information in this release.
SOURCE ZiaSun Technologies, Inc.
CO: ZiaSun Technologies, Inc.; Stockreporter
ST: California
IN: MLM FIN
SU: RTG
04/20/2000 10:06 EDT prnewswire.com
added by the truthseeker: Stockreporter?s parental company, World of Internet.com AG, was engaged to provide a package of investor relations services (e.g. consulting, technical chart analysis, board discussions, listings, production and dissemination of a research report, investor roadshows, etc.) and received a typical consideration for the whole package of 5,682 shares of ZSUN at $11 and 55,800 shares of TWOU at $1.12 which a certain amount compensates Stockreporter for dissemination of the research report about ZSUN. |
