S.W: My estimated VALUATION for ZSUN at end of Financial 1999,...
essentially based on OIA latest reported earnings:
Although ZSUN's subsidiary, OIA, projects $2.5 Millions net income for 1999, an analysis and growth projection of figures already released would seem to indicate double that amount, particularly when the oversea's expansion is taken into account. On that basis alone, OIA should contribute close to 50 cents to ZSUN's earnings for 1999.
So, a valuation of $60 to $80 by financial year's end, based on a far lower PE (about 100) than PCNTF (PCNTF trades at $48 with projected EPS 24 cents for 1999, giving a PE of 200) is quite reasonable, since I believe total EPS for ZSUN could be in the 65 cents range. Of course this is only the personal opinion of someone biased in favor of ZSUN.
"ZiaSun's New Subsidiary Achieves Record Revenues
SAN DIEGO, April 28 /PRNewswire/ -- ZiaSun Technologies Inc. (OTC Bulletin Board: ZSUN - news; ziasun.com) announced that its wholly owned subsidiary Online Investors Advantage Inc. (OIA) continues to generate record monthly revenues in 1999. March revenues alone accounted for more than 50% of the 1999 record first quarter results of $4,440,451. April 1999 sales are more than 10% over the March record and are almost 400% better than those of April last year.
''These results are even more impressive given the fact that spring and summer months usually slow down in this industry,'' stated OIA president, D. Scott Elder. ''We're seeing continued strong interest in our online investing training programs as millions of individual investors continue to flock to the Internet to take advantage of the simplicity and cost savings of trading online. Our forthcoming New York program has been oversubscribed by more than 100%, and last week our sales were the single biggest week ever in our country history, coming mainly from second tier markets like Dallas, Houston, Cincinnati and Milwaukee.''
Mr. Elder stated that OIA is continuing to streamline its operations and expects these changes to have a positive impact on profitability. OIA is growing at an exponential rate, projecting 1999 revenues of $15 million with $2.5 million in earnings. Total revenue for the company's first year of operation in 1998 was $3,394,503 with a profit of $153,070. First quarter results for 1999 produced revenues of $4,440,451 with earnings of $878,805.
These projections are for OIA's US operations only, and do not take into account the companies international growth potential where ZiaSun has its core operations. OIA expects to roll out its training courses on an international basis by the end of summer, which will be a significant boost to revenues for the company.
Online Investors Advantage is the largest company in its specific industry, and is the market leader in educating the US public regarding the benefits, dangers, and required skills for effectively trading stocks on the internet. OIA teaches investors who wish to trade securities by computer how to access and use the tools available on the Internet for optimum investing results.
ZiaSun's primary Internet services currently operating are: Swiftrade (www.swiftrade.com), M Finance (www.mfinance.com), PINmail (www.pinmail.com), MediaHits (www.mediahits.com), Search Dragon (www.searchdragon.com) and online Investors Advantage (www.i-advantage.com).
Note: Any statements released by ZiaSun Technologies Inc. that are forwarded-looking are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Editors and investors are cautioned that forward-looking statements invoke risk and uncertainties that may affect the company's business prospects and performance. These include economic, competitive, governmental, technological and other factors discussed in the statements.
For more information please contact our Investor Relations Department at 800-773-7317.
Anthony L. Tobin, President & CEO
ZiaSun Technologies Inc.
12707 High Bluff Drive, Second Floor
San Diego, CA 92130, USA
12A First Pacific Bank Center
56 Gloucester Road, Wanchai
Hong Kong
Website Address: ziasun.com
D. Scott Elder, President
Online Investors Advantage Inc.
852 North 1430 West
Orem, Utah 84097
Phone: (801) 229-2794
Email: dscote@i-advantage.com
Investor Relations
Phone: (800) 773-7317
Email: knowledge@vericom.ca
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ZSUN UPDATES TWO WEB SITES + BULLISH NEWS ....
momentumplus.com
Updates:
April 20, 1999
SWIFTRADE-US
The US broker dealer which services our on-line stock trading portal, Swiftrade, for the US markets, World Trade Financial Corporation (formerly Amber Securities Corporation), is in the process of registering its operations in all 50 states. Once this is complete, Swiftrade will be able to service the US domestic investor market, in addition to overseas investors.
SWIFTRADE-UK
We are close to launching this service, which will open up European markets to international investors. Agreement has been reached with a major financial information provider to supply the news and data feed necessary for investors to trade and manage their portfolios on-line. A formal announcement on this development is expected shortly. The London Stock Exchange has granted approval for Swiftrade to use its live stock price data. June 1999 has been set for a soft launch, with an official launch in July.
SWIFTRADE-HK
As with the UK service, agreement has been reached with a major financial information provider to supply the news and data feed necessary for investors to trade and manage their portfolios on-line. A June/July launch date is also anticipated. Approval has been obtained from The Stock Exchange of Hong Kong for Swiftrade to use its live stock price data. The broking firm servicing the Hong Kong market is a wholly-owned subsidiary of a major bank in Singapore. Some minor points in the agreement have just been finalized and the contract is expected to be signed shortly.
‘MFinance'
News, data, charts and historical information provided to Swiftrade by the international data provider is to be made available to ‘MFinance' subscribers absolutely free of charge. This is expected to make the finance portal even more popular with international investors.
PINmail
The programming for a service which will allow any website on the Internet to offer free e-mail to users is finished and is ready for launch. However, we are experiencing some delays in installing new highspeed servers in California. This service is to be offered free of charge to webmasters, and demand is expected to be heavy.
ASIA4SALE
This three-service e-commerce web portal is being developed in partnership with another ZiaSun subsidiary, Asia4Sale.com Ltd:
Industrial Auctions
We are still negotiating to broadcast our first on-line industrial auction live from an Asian location in the next few months.
Business Barter
Business has been brisk since we acquired the assets of Pacific Barter Ltd a few months ago. The barter exchange network allows businesses to trade with products or services. With nearly 200 members, mainly in Asia, products range from containers of red wine to special steel, and media space to concrete.
On-line Shopping
Work on this huge project is progressing well on all fronts, including the development of the:
Credit card processing facility
Programming of software
Product sourcing
This exciting new Asian e-commerce web portal is expected to be launched later in the year.
Also, check this cute 30,000 sq.ft building PT 107 (a very famous patrol boat):
momentumasia.com
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S.W, the time to contemplate the inclusion of ZSUN to your Index is drawing to a close and MANLY ACTION should now be taken.I am sure Sandy will back me up on that. I believe the stock has turned the corner and the shorting pressure is relaxing its choking grip. When short cover starts in a big way, the stock should react strongly and upwardly (is my best guess). I haven't looked at the Chart in a few days, but it should start to look good any minute now.
Of course, as most people know, although not compensated, I am biased towards ZSUN and my enthusiasm could possibly act as blinders. You can always take it off the Index in a couple weeks if you are not happy with the performance, but down side seems limited.
Regards, F. Goelo + + +
PS: in good conscience, I couldn't let it go without looking at the Chart. Friday's trading (volume tripled) clearly shows the start of the upward trend which will "turn green" anytime soon:
clearstation.com |
