ZiaSun Technologies, Inc. (OTC: ZSUN), is acquiring Asia Prepress Technology, Inc., and Asia Internet Services, Inc., for a combined cash and stock value of approximately $2 million. Both companies are located in Glen Burnie, Md.

The companies also have established operations in the Philippines, where they employ over 300 skilled workers, to cash in on the benefits of the low-cost, highly-educated and abundant labor force available there. The acquisitions are expected to add approximately $1.5 million to ZiaSun's consolidated revenues this year, and $3.5 to $5.5 million next year.

Asia Prepress provides a keyboarding operation for conversion of books and other hard-copy documents into a searchable electronic format via the Internet. Asia Internet Services provides a response center for its background Web site customer service, wherein they become the first point-of-contact response for any inquiries to a given customer's Web site.

"Asia Prepress has received large new contracts for the production of e-books, a field with almost unlimited potential. This surge in business, combined with ZiaSun's resources, will enable us to quickly build our operations to meet this growing demand," said Patrick Cox, president of Asia Prepress.

The Philippines have become a leading center for companies seeking to perform labor-intensive operations in a low-cost environment. America Online (AOL), Andersen Consulting, Caltex, and Procter and Gamble have Philippine-based staff handling administrative and customer-response services.

AOL has substantially increased the staff at its Philippine customer service facility, located in the same Clark Special Economic Zone as Momentum Asia, Asia Prepress and Asia Internet Services. AOL has reported that their Philippine operation has reduced e-mail customer service costs by 40 percent and they will soon have consolidated all U.S., U.K., Hong Kong and Australia customer support operations to the Philippines.

Based in Solana Beach, Ca., ZiaSun is an 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 portfolio includes Online Investors Advantage, Momentum Asia, Inc., ServiceLive, Momentum Internet, Inc., PINmail, MEDIAhits, Swiftrade, AsiaEnet Ltd., Tigertooth, Search Dragon, M Finance, and a 19 percent equity position in Asia4Sale.

The company is located at http://www.ziasun.com.

LATEST NEWS

Smartphones Advance, Subscriber Growth Slows
Google May Be Set to Depart China Soon
Alcatel-Lucent Update Wireless Network Gear
Comcast Uses Open Source for IPv6 Deployment
IBM Gains Partners for LotusLive in the Cloud