Registrant:Brad Trites (TRADERSSOURCE-DOM) 9a-3165 Walnut St.
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NetNation Communications (Canada) Inc.
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Record last updated on 02-Jul-1999. Record expires on 02-Jul-2001.
Record created on 02-Jul-1999.
Database last updated on 31-May-2000 17:27:34 EDT.
Domain servers in listed order: NS1.NETNATION.COM 204.174.223.1
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traderssource.com
TradersSource.com would now like to present to you a company that we feel has the potential to provide an above average return to investors
Introduction to ZiaSun Technologies Inc.:
ZiaSun Technologies Inc. (www.ziasun.com) is a San Diego based Internet holding company supplying a diversified array of services and products on a global basis. Together with its subsidiary companies, ZiaSun is poised to take advantage of the phenomenal growth of the Internet.
ZiaSun is particularly focused on the Asian market, which promises explosive expansion in the Internet technology industries. Among its primary holdings are Momentum Internet, Inc. and Momentum Asia, Inc.
Momentum Internet, Inc.?s (www.momentumplus.com) services include Swiftrade (www.swiftrade.com), an on-line trading system aimed at overseas investors. Momentum Internet is working closely with Amber Securities to broker the Swiftrade transactions via the U.S. Eventually, Swiftrade will allow trading on five of the largest stock markets through one website. Other services offered are a web-based e-mail service, advertising banner network, and an Asian search engine/business directory (www.searchdragon.com).
Momentum Asia, Inc. (www.momentumasia.com) focuses on database management, graphic design, printing services and direct mail. Its customers are primarily U.S. corporations that require world class materials on limited budgets. Based in the Phillipines, MAI is able to offer quality low-cost alternatives to its U.S. competitors. Momentum Asia is currently working on their Asia4Sale initiative. Divided into 3 major components, Asia4Sale will offer a home shopping network, allowing customers to purchase direct from Asian manufacturers, an industrial auction service called AuctionAsia and a barter service named BarterAsia.
In addition to the products and services that MMI and MAI are distributing, ZiaSun is focusing on on-line investment education and training through their Online Investors Advantage division. Online Investors Advantage (www.i-advantage.com) is currently the leading company in on-line investment education.
Bestway Beverages, Inc. (BBI) is a wholly-owned subsidiary incorporated in the State of Nevada September 23, 1998. BBI holds exclusive distribution rights for a patented in-store beverage center for the United States and Mexico. BBI is based in and operates out of the US.
Industry Overview:
The developing Asian market is currently lagging North American usage of Internet services and technology. The infrastructure is several years behind as well, but is quickly gaining ground. The enormous Asian population promises a huge source of revenue and margins for progressive technology-oriented companies willing to tap into this market. With it?s diversified holdings focused on the developing Asian market; ZiaSun is currently well positioned to take advantage of the potential growth of this fledgling Internet market.
Company Background:
ZiaSun Technologies, Inc. was incorporated in Nevada March 19, 1996. It is currently based in the United States. ZiaSun trades on the OTC:BB under the ticker symbol ZSUN.
Momentum Internet, Inc., a wholly owned subsidiary was incorporated November 7, 1997 in the British Virgin Islands. MMI provides a number of Internet based services, including an international on-line stock trading web-site, a web-based e-mail service, an advertising banner network, an educational finance web-site and a search engine/directory service focused on the Asian market.
Momentum Asia, Inc., a wholly owned subsidiary was incorporated in Manila, on September 6, 1994 as New Age Publications, Inc. The name was subsequently changed on June 17, 1998 to to Momentum Asia, Inc. MAI handles database management, graphics design and printing and direct mail services.
Online Investors Advantage was recently acquired by ZiaSun Technologies, Inc. OIA is an Internet based investment educational website and resource centre.
Financial Information:
CONSOLIDATED FINANCIAL STATEMENTS
December 31, 1998 and 1997
(financials audited by Jones, Jensen & Company, LLC)
Balance Sheet
Statements of Operations
Statements of Stockholders' Equity
Statements of Cash Flows
1999 2nd Quarter Report
(unaudited)
Officers and Directors:
D. Scott Elder- Chairman and Chief Executive Officer
Anthony L. Tobin- President and Chief Operations Officer
Mr. Elder has substantial experience and expertise in marketing. Among the Fortune 500 companies that he has worked with in trend marketing joint venture projects are Proctor & Gamble, General Mills and Rubbermaid. Recently he was the President and founder of Online Investors Advantage, a subsidiary of ZiaSun.
In the last four years Mr. Tobin has worked for Momentum Internet, Inc. in product development and marketing. Previous to that he spent twenty-five years in journalism, publishing, public relations, marketing, and advertising. In his capacity as a senior information communications officer in the Singapore government, Mr. Tobin was responsible for advising on public policy and implementing strategies for the Ministry of Information. In addition, Mr. Tobin has lived in and worked in the UK, Australia, Holland, Iran, the Phillipines and Hong Kong.
Y2K Statement:
The Company has completed its assessment of the Year 2000 issue and believes that any costs of addressing the issue will not have a material adverse impact on the Company's financial position. The Company believes that its existing computer systems and software will not need to be upgraded to mitigate the Year 2000 issues. The Company has not incurred any costs associated with its assessment of the Year 2000 problem. In the event that Year 2000 issues impact the Company's accounting operations and other operations aided by its computer system, the Company believes, as part of a contingency plan, that it has adequate personnel to perform those functions manually until such time that any Year 2000 issues are resolved.
The Company believes that third parties, with whom it has material relationships, will not materially be affected by the year 2000 issues as those third parties are relatively small entities which do not rely heavily on information technology ("IT") systems and non-IT systems for their operations. However, if the Company and third parties upon which it relies are unable to address any Year 2000 issues in a timely manner, it could result in a material financial risk to the Company, including loss of revenue and substantial unanticipated costs. Accordingly, the Company plans to devote all resources required to resolve any significant Year 2000 issues in a timely manner.
Conclusion:
It is the opinion of TradersSource.com that ZiaSun Technologies, Inc. deserves serious consideration as a potential investment opportunity. We believe the following factors are significant:
Many of the company?s services are aimed at a rapidly developing Asian market. While Asia in general is behind the United States in overall technology use and infrastructure, it is quickly developing, leaving ZiaSun in a tremendous position to capitalize on this growth.
ZiaSun along with its subsidiary divisions are a diversified company benefitting from the leadership of an experienced management team. ZiaSun is well represented in major Internet based growth sectors, including on-line investing & finance, graphics design & printing services, auction, barter and e-commerce, and web based services such as search engines and e-mail applications. More importantly, ZiaSun is constantly looking for ways that it?s different business units will complement and support each other?s development.
The Internet is quickly become the premiere medium for education, business, finance, media and commerce. ZiaSun is well positioned to take advantage of this massive shift from more traditional to Internet based media.
ZiaSun?s diversified package of Internet-related businesses, offers investors an opportunity to buy into quality Internet related companies without the excessive competitive risk that accompanies over specialization.
The current valuations of most Internet companies stock price is more dependent upon growth potential than on discounted cash flows, revenues, earnings, and P/E multiples. While ZiaSun shares the growth potential of other Internet companies, it begins with financial fundamentals superior to those of many non-Internet companies.
ZiaSun is working on becoming a fully reporting company. They are currently preparing a registration statement Form 10-SB for the Securities Exchange Commission. It is expected, though not guaranteed that they will file this statement in early August. Following a review period by the SEC, and providing no further addendums are required the Form 10-SB will take effect. At this point ZiaSun will move away from the OTC Bulletin Board and onto the NASDAQ Small Cap Market.
Contact Information:
ZiaSun Technologies, Inc.
462 Stevens Avenue, Suite 106
Solana Beach, CA 92075, USA
Tel. 619-350-4060
www.ziasun.com
Disclaimer:
Although the information contained herein has been obtained from sources believed to be reliable, its accuracy and completeness can not be guaranteed. Any judgement or conclusions contained in these individual company reports are solely the opinion of the author. Investors are advised to pursue their own due diligence, by examining company reports, SEC filings and other sources of information where available. |
