Exhibit 21
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                                  Subsidiaries

Online  Investors  Advantage,  Inc.  ("OIA") a  wholly-owned  subsidiary  of the
     Company  provides   in-depth  consumer  training  in  the  optimum  use  of
     Internet-based  investment and financial  management tools and services via
     workshops, home study, and online subscriptions. OIA recently expanded into
     the  International  marketplace.  OIA has a current  customer  base of some
     12,000 individuals.  In addition,  OIA has a strategic working relationship
     with its primary data provider,  Telescan,  Inc. OIA and its data providers
     have  formed  "InvestorToolbox"  (www.investortoolbox.com),  a  proprietary
     website for its subscribers for ongoing  investment  analysis and portfolio
     management.

Momentum Asia, Inc. ("MAI"),  a wholly-owned  subsidiary of the Company provides
     printing  and direct  mail  services  for its  clients.  Its  services  are
     actively  marketed  to  various  corporations.   MAI  has  been  marginally
     profitable and has been having  difficulty  sustaining its operation due to
     the dramatic  economic  downturn in the Philippines.  Given this, ZiaSun is
     currently in negotiations to sell MAI.

Asia Prepress  Technologies,  Inc.,  ("APT"),  a wholly-owned  subsidiary of the
     Company,  is headquartered in Glen Burnie,  Maryland with operations in the
     Philippines.  APT provides a true 24/7 keyboarding operation for conversion
     of books and other hard-copy documents into a searchable  electronic format
     via the Internet.  APT's double-key data entry, comparison and verification
     analysis,  along with proofreading by a quality control source for all data
     entry work completed  ensures a 99.99% accuracy level for its transcription
     services.  APT also provides data  conversion  services,  rendered line art
     services,  LaTex editing,  SGML/HTML/XML  keying and coding, and Quark Page
     Makeup.   APT's   other   services   include   Web  Page   design   and  CD
     replication/duplication  along with providing  label and cover printing for
     CD's. APT has a large labor pool of English speaking, well educated workers
     within low-cost  incentive-rich  Special Economic Zones in the Philippines.
     APT's primary customer base is typesetting/composition  prepress operations
     in the  publishing  field,  but it also is  doing  work for  groups  in the
     medical, legal, accounting and private industry fields. Anyone who has data
     that requires conversion or manipulation into various electronic formats is
     a potential customer for APT. Major competitors of APT include Innodata and
     Sencor.

Asia Internet Services.com,  Inc., ("AIS") is also headquartered in Glen Burnie,
     Maryland  with  operations  in  the  Philippines.   It  is  an  outsourcing
     contractor  providing packages of specialized support services for Internet
     and IT firms with  high-volume  response  needs.  Services  include  e-mail
     response,  order  taking,  correspondence,  billing and  service  inquires.
     Pricing  is based at a starting  point of $6.00 per hour for each  employee
     required. The primary customer base is small to mid-size companies who wish
     to avoid setting up labor intensive customer service branches. AIS provides
     alternative  outsourcing in order to save companies time and money allowing
     them to  concentrate on their core  competencies.  Service is provided on a
     24/7 basis.  Major  competitors of AIS include  Brigade,  Startek and Swift
     Response.

Seminar Market Group,  Inc. ("SMG") a wholly owned  subsidiary of OIA,  provides
     various  marketing and support  services for OIA. SMG provides the in-house
     telephone marketing and consulting for OIA's marketing process.

Memory Improvement  Systems,  Inc.  ("MIS"),  a wholly-owned  subsidiary of OIA,
     provides  platform speaking services as well as the recruiting and training
     of professional presenters for OIA's 90-minute introductory seminars.

Online Investors Advantage Asia Pacific PTE Ltd., ("OIA Singapore"), a Singapore
     corporation, formed on Janaury 17, 2001, is a partially owned subsidiary of
     OIA, which is a wholly-owned  subsidiary of the Company. OIA is a 75% owner
     and Hon Leong Chong and Eric Tan,  collectively  own 25%. OIA Singapore was
     formed  in  order  to  expand  OIA's  business  in the  Asian  marketplace,
     including the performance of marketing  services,  the  distribution of the
     Online materials and holding of workshops  though out Singapore,  Malaysia,
     Brunei and Hong Kong.

MKZ  Fund, LLC ("MKZ"), a Delaware  limited-liability  company. MKZ, an acronym,
     which stands for "McKenna-ZiaSun",  is a venture fund (The Fund) created by
     ZiaSun  Technologies  and The McKenna Group (TMG).  The  agreement  between
     ZiaSun and The McKenna  Group was finalized  during August 2000.  The Fund,
     which is structured to make highly  selective  investments in  early-stage,
     primarily  business-to-business  (B2B) Internet technology companies,  is a
     partially-owned  subsidiary  of the  Company,  in which the  Company is the
     owner of a 60% membership interest with The McKenna Group, Inc., owning 40%
     membership interest.

Asia4Sale.com,  Inc.  The Company owns a 25% equity  interest in  Asia4sale.com,
     Inc.