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ZiaSun Declares Asia4Sale.com Dividend to its Shareholders of Record as of March 29, 2000.

Business Editors/Technology Writers

SOLANA BEACH, Calif.--(BUSINESS WIRE)--March 29, 2000

ZiaSun Technologies, Inc. (OTCBB:ZSUN) today announced that it will make a partial liquidating dividend of 800,000 restricted shares of Asia4Sale.com, Inc. (OTCBB:AFSI) to its shareholders of record as of March 29, 2000.

Following the distribution of this dividend, which will be made within 180 days, ZiaSun shareholders will own an equity interest in Asia4Sale, and would benefit from any price gains in the Asia4Sale stock, which is currently trading at $10.00 per share.

The Asia4Sale website was launched on September 15, 1999 as a unique e-commerce franchise application catering to the global market with industrial auctions, business barter, home shopping and the opportunity for any interested party to open an Asian-specialized online retail store for free.

During December 1999, ZiaSun sold Asia4Sale.com, Inc. to Internet Ventures Ltd. (IVL) for $5,000,000 in cash and 30% of the common stock of Internet Ventures. Subsequent to the sale of Asia4Sale by ZiaSun, IVL sold Asia4Sale to H & L Investments, Inc. (now Asia4Sale.com, Inc.) in exchange for 9,000,000 shares of common stock of H & L Investments. As a result of ZiaSun(1)s 30% ownership in IVL, ZiaSun received 2,700,000 new Asia4Sale.com shares from the 9,000,000 shares, which Internet Ventures Ltd. received.

About Asia4Sale.com

Asia4Sale store franchises offer over 5,000 products from more than 100 Asian manufacturers, and also enables shoppers to order directly from the manufacturer with home delivery anywhere in the world. Asia4Sale is especially significant, because it overcame the major barrier holding Asian companies back from successfully selling products online, which is the difficulty of obtaining e-commerce credit card merchant accounts. Asia4Sale is the first portal to process MasterCard and Visa Card payments through a secure online credit card payment system operated by the major online credit card system forerunner, First Ecom.

About ZiaSun Technologies [pilcrow (paragraph sign)] ZiaSun Technologies, Inc. is a leading Internet technology holding company focused on international investor education and e-commerce, and specialized online support services within North America, Asia and other international markets. The Company's Internet portfolio includes: Online Investors Advantage (www.i-advantage.com), Momentum Asia, Inc. (www.momentumasia.com), ServiceLive (www.servicelive.com), Momentum Internet, Inc. (www.momentumplus.com), PINmail (www.pinmail.com), MEDIAhits (www.mediahits.com), Swiftrade (www.swiftrade.com), AsiaEnet Ltd. (www.asiaenet.com), Tigertooth (www.tigertooth.com), Search Dragon (www.searchdragon.com), M Finance (www.mfinance.com - a top-100 financial website), and a 27% equity position in Asia4Sale (www.asia4sale.com).

Note: Any statements released by ZiaSun Technologies, Inc. that are forward-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 risks 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.
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Publication:Business Wire
Geographic Code:9HONG
Date:Mar 29, 2000
Words:491
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