ZiaSun Technologies Files Form 10-Sb to Become a Fully Reporting Company

Business Wire, Sept 16, 1999

SOLANA BEACH, Calif.--(BUSINESS WIRE)--Sept. 16, 1999--

ZiaSun Technologies, Inc. (OTC BB:ZSUN), a profitable Internet holding company, today announced that it filed a Form 10-SB with the Securities and Exchange Commission (SEC) to register ZSUN common shares and establish the Company as a fully reporting entity.

"I am pleased to report that filing our Form 10-SB represents the Company's first step in maintaining its current stock listing, and that we now await any SEC comments that must be cleared before our registration is effective," said Company Chairman and CEO D. Scott Elder. "By becoming a fully reporting company we establish a public record of our ongoing financial and corporate developments. Thus we move one step closer to our corporate goal of obtaining a listing on a national securities exchange."

The Company said that its registration with the SEC should be effective in 60 days, pending the resolution of any SEC comments. Once effective, the registration will establish a file available to the public that will comprise financial and business-related information on ZiaSun. Such approval would also register the Company as a fully reporting entity under the Securities Exchange Act of 1934. Pursuant to these rules, ZSUN should thereby be required to regularly issue Form 10-Q quarterly reports, Form 10K annual reports, Form 8-K corporate development reports, and proxy rules.

ZiaSun Technologies, Inc. is a leading Internet holding company focused on e-commerce and specialized online support services within Asia and other international markets. The Company's primary operating units include: Swiftrade (www.swiftrade.com), an online investing tool; Search Dragon (www.searchdragon.com), an Asian-focused search engine; Asia4Sale.com Ltd. (www.asia4sale.com), a three pronged e-commerce portal; Momentum Asia (www.momentumasia.com), a publishing and Internet services operation; and Online Investors Advantage (www.i-advantage.com), an Internet-based investing and portfolio management education company.

Forward-looking statements in this release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risk and uncertainties, including without limitation, economic, competitive, governmental, technological, and other risks detailed from time to time in the Company's periodic reports.