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To: FFNEODOC who wrote (178)	4/8/1999 11:26:00 AM
From: Francois Goelo	Read Replies (2) \| Respond to of 1567

ZSUN: explanation of SHORT TERM PRICE TARGET and up date on NASDAQ listing... ZSUN news today indicated an EPS of 33/35 cents for 1999. That is very conservative and I would not be surprise to actually see an EPS of close to 50 cents for 99, since they always end up revising their projections upwards, due to the fast pace of expansion. When you factor in the world wide expansion of the acquired seminar company and the benefits derived from the synergy between the various companies in the ZSUN group, in terms of additional exposure and cross feeding, a 50 cents EPS is not far fetched. What's does the market says about PE's? A quick check shows PE for YAHOO at 1800 and 700 for AOL! "Preposterous! It could not possibly apply to ZSUN", you might say. I am not so sure, since ZSUN is a multifaceted Company with little competition at its level in the exploding market of Asia, where only a handful of Internet related Companies are actually listed on a US stock exchange. This rarity factor clearly increases the PE. So, if we are very conservative and apply a PE of say, 200, times 50 cents forward earnings, we get a share price of $100.00. PCNTF, which is in a comparable class, although it is already listed on NASDAQ, projects EPS of 24 cents for 1999 and is currently priced at $52.00, which would lend credibility to this short term target for ZSUN stock. By the way, the audit of ZSUN is being completed and the full set of financials will be tabled within 2 weeks. The documents for the application to NASDAQ listing should currently be prepared and I expect a listing approval within 3 to 6 months. Disclaimer: please look up last statement on thread's header. Subject 27230 Regards, F. Goelo + + +