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To: realmoney who wrote (1692)5/12/1999 4:26:00 PM
From: Sir Auric Goldfinger  Respond to of 10354
 
Looks like all the income came from crim stock sales :"ZIASUN TECHNOLOGIES, INC. AND SUBSIDIARIES
(Formerly BestWay U.S.A., Inc.)
Consolidated Statements of Operations

For the Years Ended
December 31
1998
1997
SALES, NET
$ 2,289,158
$ 884,764
COST OF GOODS SOLD
811,571
552,210
Gross Profit
1,477,587
332,554

OPERATING EXPENSES
Depreciation expense 98,496
49,200
General and administrative
1,334,303
202,035
Total Operating Expenses
1,432,799
251,235
Income from Operations
44,788

81,319

OTHER INCOME (EXPENSE)

Realized gain on marketable securities 535,801
Unrealized gain on marketable securities 712,438
Rental income 34,757 18,297
Interest income 13,048 70,688
Bad debt expense (36,320) 350
Loss on sale of assets (135,644) (27,796)
(707)
Total Other Income (Expense) 1,124,080 60,832

INCOME BEFORE INCOME TAXES 1,168,868

INCOME TAXES (Note 5) 16,658

NET INCOME 1,152,210

WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING 2,426,200

BASIC INCOME PER SHARE 0.47"

So what's that? 96% of income from non-operating activities! Is it real?


$





142,151

605
$ 141,546

25,000

5.67

The accompanying notes are an integral part of these financial statements.



To: realmoney who wrote (1692)5/13/1999 10:46:00 PM
From: StockDung  Read Replies (1) | Respond to of 10354
 
Internet News Bureau July 14, 1998
FOR IMMEDIATE RELEASE

CONTACT:
Mr. Doug Kirby, Managing Director
SWIFTRADE
12A, First Pacific Bank Centre
56 Gloucester Road
Hong Kong
+(852) 2866-8772
+(852) 2866-8137 (fax)
dkirby@swiftrade.com

On-Line Stock Trading for Investors in Asia and Europe

SAN DIEGO, CA - July 14, 1998 (INB) -- SWIFTRADE, an on-line stock trading system (http://www.swiftrade.com) today announced the launch of the first Internet based on-line stock trading system developed especially for investors in Asia and Europe. SWIFTRADE accesses all major U.S. stock markets with direct electronic links to the trading floors of the New York Stock Exchange (NYSE), Nasdaq and the American Stock Exchange (AMEX).

SWIFTRADE is a product of Amber Securities Corporation of the USA and maintained by Momentum Internet, Inc. Amber Securities has principal offices in California, and SWIFTRADE customer service centers in North America, Asia and Europe.

Managing Director of SWIFTRADE, Mr. Doug Kirby comments that the service has been under development for over one year, and has been built to meet the requirements of the beginner friendly stock trading 24 hours per day, seven days per week from anywhere in the world".

SWIFTRADE is a state-of-the-art electronic trading system and provides the client all the tools to buy and sell stocks and options including; Free quotes, news, research, graphs, portfolio tracking and is the first of its kind tailor-made especially for the overseas investor accessing U.S. markets.

Mr. Kirby describes some of the key features of SWIFTRADE being a US$29 per trade basic rate, and a minimum cash or equity deposit of only US$2,500. Direct on-line registration is available as well as immediate on-line confirmation of trades and 48-hour new account activation.

Amber Securities Corporation is fully registered with the U.S. National Association of Securities Dealers (NASD), which regulates investments in the U.S. market. They are members of the Securities Investor Protection Corporation (SIPC) that provides up to US$500,000 of coverage (limited to US$100,000 for cash), plus additional coverage on securities of US $2 million free of charge. Additional levels of insurance are provided dependent on individual account requirements.

"On-line security is a primary consideration with all on-line stock trading. SWIFTRADE exceeds all current on-line encryption standards used in the financial industry today," Mr. Kirby says. "Our system is designed with the benefit of learning from earlier on-line systems and we have been able to build upon and optimize those models. Again, our focus is to provide fast, easy and safe order execution with accurate clearing and settlement of trades for Asian and European investors investing in U.S. stocks and equities" Mr. Kirby concludes.

SWIFTRADE can be found on the Internet at: swiftrade.com