CoreStream Energy, Inc. (ZLUS)

ANNOUNCEMENTS

Shareholder update: Well 1 drilled, completion and production soon. Well 2 plans already underway - LINK

Drilling is completed! Waiting on completion rig to lay pipe as of 1/3/10

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Company Overview - Management Team - Project Information - Press Releases - OTC Filings - Stock Information - Charts - Other

Company Overview:

Website: http://www.corestreamenergy.com

Zealous, Inc., a Nevada Corporation, is now called CoreStream Energy, Inc. and is a oil and gas energy holding company based in Dallas, TX. Corestream conducts its existing business through its wholly owned subsidiaries; Zealous Interactive, Inc., Health and Wellness Partners, Inc., and Zealous Capital Group, Inc. It trades on the OTC Markets as ZLUS.PK and will be formally changing its trading symbol soon.

Upcoming events as of 7 January 2011:

• Full compliance reporting by the end of February.

• Filings have been made to FINRA to formalize the name change. As of June 1, 2010 FINRA has adopted a policy of not accommodating requests for a change in the trading symbol until further notice.

• Sale pending on all Zealous and non-energy related assets.

• Updating their status with the Nevada SOS to Active\

• Begin drilling additional wells

• Completion and production on LaSalle well #1

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Project Information:

LASALLE PARISH WELL 242543 - Status: WAITING ON COMPLETION RIG a/o 01/05/11
LINK TO WELL INFO: CLICK
LINK TO CATHOULA LAKE AREA INFO: CLICK (link to another oil company in same area, report shows production viability and other interesting information about areas surrounding our lease)

 WELL REPORT CODES:

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Press Releases:

1/7/11 - CoreStream Energy, Inc. Announces Successful First Drilling Effort - LINK
Preparing to Drill Second Well on 1,600 Acres of Prime Oil and Gas Exploration Land

IRVING, TX--(Marketwire - 01/07/11) - CoreStream Energy, Inc. (Pinksheets:ZLUS - News) today announced the successful drilling of the State Lease #2 well in the Catahoula Lake area in LaSalle Parish, LA, an area of significant proven reserves that has seen considerable success in the past. CoreStream Energy, Inc. maintains a non-operated working interest in this well. The well was spudded on December 28 and drilled in the Wilcox Sand formation at a total measured depth of approximately 4,695 feet with a directional drilling angle of 13° beginning at approximately 3000 feet. Once the well is completed, it is expected to be productive, although a projected production rate is not known at this time. Both the well logs and core samples indicate strong oil potential in two different pay zones. Natural gas production is not expected to be significant. All investors who participated in the exploration phase of the well are expected to participate in the completion phase as well. Due to these ongoing completion activities, the final calculation of CoreStream Energy, Inc.'s net working interest percentage has not been finalized. The well is in the process of completion and is expected to begin production by the end of January. This well is CoreStream's first of many planned investments in this established and steady production area. CoreStream Energy plans to continue to pursue a strategy of investing in intermediate depth drilling in low risk fields both on an operated and non-operated basis.

This well is located on a leased parcel of 1600 acres of prime oil and gas exploration land. Based on this week's successful effort, CoreStream is moving immediately to begin the process of exploring the next best geological opportunity within this leasehold. Chris Rainbolt, CoreStream's CEO, is extremely pleased with this effort and commented, "The interpretation of the core analysis of the State Lease #2 well provides a very strong indication of the consistency of productivity inherent in so many of the existing wells in the Catahoula Lake area, and we believe this success demonstrates that our investment strategies are on target. I wish to thank all those who gave around-the-clock effort during the holidays to help us deliver this initial major success for CoreStream and its shareholders. Because we were able to commit to this project before the end of 2010, this effort will bring new opportunities to CoreStream that would not have been made available had we not moved so quickly on this opportunity. We are extremely pleased to have successfully obtained rights to such properties in this very productive area at a time when oil demand only appears to be increasing worldwide."

Further details regarding CoreStream's net working interest percentage and production rates will be reported to shareholders when they become available. Due to the importance of this first project, and our commitment to inform our shareholders in a timely manner, CoreStream elected to issue this initial and limited report of well success and company operations. A more comprehensive report will be available in the coming weeks.

Regarding our previously reported lease to drill the Sanders #1 well, CoreStream still intends to drill in this very promising area and has begun the process of identifying the desired geological profile for a drilling site within the lease. While the annual flooding of Catahoula Lake provides hunters with one of the top duck hunting sites in the country, such flooding will postpone drilling activity until later in the spring of 2011. Shareholders will be updated as developments warrant.

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12/30/10 - CoreStream Energy's Non-Operating Subsidiary Settles All Legal Matters With Patient Safety Technologies - LINK
Zealous Asset Management, LLC Resolves $2.4 Million Lawsuit on Behalf of Two Managed Funds

IRVING, TX--(Marketwire - 12/30/10) - CoreStream Energy, Inc. (Pinksheets:ZLUS - News) announced today that its subsidiary, Zealous Asset Management, LLC (ZAM) and the two funds ZAM manages, Ault Glazer Capital Partners LLC (AGCP) and Zealous Partners LLC (ZP), have settled all legal matters with Patient Safety Technologies, Inc. (PSTX.OB) et al. The lawsuit was filed by ZAM and the funds in Orange County Superior Court, Case Number 30-2010-00424948, on November 16, 2010.
"After the financial crisis of 2008, we made a commitment to our creditors and shareholders to pay off the debt and to resolve legacy issues. We are very pleased that we have resolved this long outstanding and pressing issue," said Milton "Todd" Ault III, managing director of the two hedge funds. "This is a very important moment for the Company. When I became CEO on June 4, 2010, the former CEO, Mr. Ault, made a commitment to the Company to assist in settling all outstanding legacy debt and issues. This marks a major milestone towards that promise and allows all the parties to move onto more important business matters," said Chris Rainbolt, Chairman and CEO of CoreStream Energy, Inc.
The Company expects that the settlement should have a major positive effect on its balance sheet and help the Company reduce its legal costs and obligations. The Company is still assessing the financial implications of this settlement and will discuss some of the effects of the settlement in the upcoming investor update next week. "The last 6 months has exceeded my expectations as we continue to restructure the Company and continue our divestiture efforts. I am very proud of the progress we have made so far," stated Rainbolt.
Zealous Asset Management (ZAM), the managing entity for the two hedge funds, its parent company, Zealous Holdings, Inc. (ZHI), along with its parent, CoreStream Energy, Inc. (ZLUS), f/k/a Zealous, Inc., have all issued a full release and consider this matter closed. With this major issue settled CoreStream Energy, Inc. looks forward to continuing ahead with the complete divestiture of all of its non-Energy related assets and liabilities. The Company will continue to keep its shareholders, its creditors and the public informed as more progress is made and news develops.

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12/22/10 - CoreStream Energy, Inc. Sells Zealous Interactive, Inc. Announces Investor Update for Week of January 3, 2011 - LINK

IRVING, TX--(Marketwire - 12/22/10) - CoreStream Energy, Inc. (Pinksheets:ZLUS - News) f/k/a Zealous, Inc. announced today that it has entered an agreement to sell Zealous Interactive, Inc. including its premier site, TheAdultSpot.com to a private equity group. The deal does include all of the online assets and content along with TheGreekTrader.com, a site the company has incubated over time and features over 500,000 items for sale. Further details of the deal will be disclosed during the week of January 3, 2011.
CoreStream Energy is moving forward to continue to divest itself of all non-energy assets and liabilities and is pleased with the deal to sell Zealous Interactive and its assets. CoreStream Energy looks forward to 2011 with its efforts to reallocate its resources and its pursuit of core business opportunities. During 2010 CoreStream has slowly succeeded in negotiating with its creditors and investors and resolving legacy issues. CoreStream is pleased to inform its shareholders of its progress with the calendar year-end imminent. CoreStream has continued to secure financing due to this progress and the restored confidence in the company's ability to restructure itself and develop new opportunities and strategic alliances.
CoreStream Energy also announced that is currently working on its 2010 financial reporting and should be in full compliance within the next 60 days. The Company is confident it will remain compliant in the future.
CoreStream Energy will have an investor update the week of January 3, 2011 discussing major events with respect to both its past business assets and debts and its emerging oil and gas projects. The Company thanks its creditors and investors for their cooperation and support this past year. The Company will continue to keep its shareholders, its creditors and the public informed as more progress is made and news develops.

CoreStream Energy Announces New Institutional Funding, Management Changes and Limited Update

Corestream Energy (USOTC:ZLUS) Historical Stock Chart 1 Month : February 2011 to March 2011 CoreStream Energy, Inc. (PINKSHEETS: ZLUS) is pleased to announce that it has received an initial multi-million dollar funding commitment from an institutional investor on a project by project basis. The funds will be used for investment in the acquisition of producing oil and gas wells and leases and to expand current production. This financial commitment is subject to the investor conducting its customary due diligence evaluations on each project. It is significant to note that the hedge fund making the commitment was a prior creditor and litigant of Zealous, Inc. Its financial decision demonstrates its confidence in the management, direction, and commitment of CoreStream Energy to oil and gas exploration, production and energy trading. It also shows that the Company's dedication for the last three years to work with its creditors and resolve debt issues can have the unforeseen benefit of returning previous strategic partners to participate in the Company's future growth. Additional funding has also been obtained from another source to expand and enhance the corporate infrastructure and management team. Similar commitments from various other financial sources are in discussion and negotiation.   As a result of the new financial commitments, the Company is in active, late-stage negotiations for 3 multi-well oil opportunities. These projects are located in Kansas, Kentucky and Louisiana. Each of the projects is currently in production with negotiations expected to be finalized in the next 30-60 days. While negotiations are in progress at this time there are no guarantees of their success. Success will be contingent upon the Company completing its due diligence and achieving a positive evaluation for each project. The Company will provide an update and details if positive conclusions are reached. The funding discussed above contributes significantly to these acquisitions. To maximize its effectiveness on these new and future opportunities, the Company has retained Mr. Kenneth Sonesen as the Superintendent of Field Operations. Mr. Sonesen has over 25 years of experience in both land and offshore oil projects and will play a significant role in the evaluation and management of the Company's opportunities and operations. Mr. Sonesen has a degree in Marine Engineering specializing in fluid and oil management along with a minor in Geology. Mr. Sonesen attended the Norwegian Naval Academy in Horten, Norway. His experience includes working with Statoil and helping to develop Oseberg C from inception. Oseberg C is the crown jewel of Statoil's fleet of offshore wells in the North Sea. He has also worked with TransOcean and other leaders in North Sea offshore exploration and drilling and with European land-based drilling projects. On the North American continent he has worked on shallow and deep well drilling and operations management. Mr. Sonesen has already presented two projects that the Company is negotiating. The Company looks forward to working with Mr. Sonesen and to all the contributions he will bring. In addition to Mr. Sonesen, the Board of Directors of CoreStream Energy, Inc. has appointed Milton C. Ault III as a member and its Chairman and as the Company's CEO and President. Mr. Lewis V. Graham has been appointed Chief Operating Officer. Mr. Graham continues in his capacity as the Corporate Secretary. Mr. Ault brings over twenty-one years' experience in various aspects of the Oil and Gas Industry including capital formation, finance and trading which are directly applicable to the identification, analysis, investment, and operational objectives of CoreStream Energy, Inc. and its plans for future growth. More complete descriptions of Mr. Ault's and Mr. Graham's relevant business experiences can be found in the recent 8K. Effective February 12, Chris Rainbolt resigned as a member and Chairman of the Board of Directors and as CEO and President of CoreStream Energy to pursue other business activities. Kevin Adkins resigned the same day as a Director and the Treasurer of the Company for similar reasons. Mr. Rainbolt has been a strong influence in the shift of the Company direction to the energy sector and creating a strong foundation in the industry. There were no known disagreements relative to corporate policies or the activities of Mr. Rainbolt or Mr. Adkins that precipitated their decisions. The Company will remain dedicated to oil and gas and it is expected that Mr. Rainbolt will work with the Company from time to time on items of mutual interest. The Company thanks Mr. Rainbolt and Mr. Adkins for their contributions to the Company and wishes each of them success with their future endeavors. Mr. Ault said, "Our investors can be assured that we will continue to concentrate on expanding the energy program we began last year. As our primary corporate activity, significant progress has been made to line up funding sources and secure new opportunities. We are committed 100% to the growth and development of CoreStream Energy. We have shown our investors considerable progress on all fronts, and will continue to do so in the coming weeks. We continue to expand and cultivate relationships with recognized energy experts who will advise us in the field. The Company expects to see a significant acceleration in its growth in 2011 based on changes in the marketplace, emerging new opportunities and the active interest expressed by funding partners." As a demonstration of its commitment to the oil and gas business model, the Company has renewed its effort for the expeditious change of its trading symbol and to create a comprehensive new website. The Company would also like to take this opportunity to update its investors on a few areas of interest and address some of the common questions received. With respect to State Lease #2, the well is expected to be completed and production begun in the next few weeks. The bad weather in the area has been the reason for the delay. CoreStream is part of a partnership which, by drilling State Lease #2 in 2010, has the rights to 1600 acres in this area of proven reserves and success. CoreStream will enjoy a minimum 4% working interest in the current well, and has the right of participation in any of the wells in the project area over time. The cost of development and operation of each future well will be proportionate to the Company's participation. The partnership will determine when to commit to future wells. More information about the well and its expected performance, along with future activity, will be shared when such facts are known. As previously reported the start of the proposed well known as Sanders #1 continues to be forecast for late Spring when conditions will allow for it at Catahoula Lake, LA. The Company has received no further update on this project at this time. Gary Patterson has been retained to be the Company's consulting Manager of Investor Relations. His contact information can be found at the bottom of this press release. The Company does not see any need to and it does not have any plans to do a reverse split of the common shares in 2011. As of January 10, 2011 the Company's current common stock share structure is 1.5B authorized shares and 1,390,162,856 outstanding shares. Increases in shares issued have resulted from extraordinary opportunities to settle outstanding legacy debt and the Company will continue to be opportunistic at issuing equity to pay off debt. The Company believes this is a critical process to the future of the Company and elimination of debt will continue to be a top priority for CoreStream Energy in 2011. The Company is pleased to report that the non-oil and gas assets held in escrow have been sold or have been disposed of and final settlements of these transactions are expected by the end of March. Similar progress has been experienced with the creditors with over 75% of the legacy debt resolved and it is expected that the vast majority of the debt settlement will be finalized during 2011. The creditors who have reached settlements in this difficult financial period are applauded by the Company for their interest and efforts to reach solutions. The creditors have also expressed appreciation for the effort and fairness that the Company has extended and a number of them have approached the Company as possible investors in its future activity. The previous web sites for earlier businesses running under Zealous Inc. have been deactivated. A new basic web site for CoreStream will be initiated in the near future and it is the Company's goal that the continued development of this site will make it a valuable tool to keep investors aware of the Company's efforts. The Company's Q1 filing for 2010 will be submitted this week while its Q2 is expected to be filed within a few weeks. The Company intends to be current during 2011.

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Investor Relations:

Gary Patterson

ir@corestreamenergy.com 
714-369-2933.

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Stock Information:

Share Structure as of 16 August 2010 :
Authorized Shares: 1.5 Billion
Outstanding Shares:  1,390,162,856
Float: Unknown

Transfer Agent:

Transfer Online
512 SE Salmon Street
Portland, OR, 97214
503-227-2950
http://www.transferonline.com

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OTC Filings:

 none to report under current operations, look for an update SOON!

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Charts:

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Other Stuff:

Links:

Company Website - http://www.zealousinc.net

Barchart.com - http://www.barchart.com/quotes/stocks/ZLUS

OTC Markets - http://www.otcmarkets.com/stock/zlus/quote

Yahoo Finance - http://finance.yahoo.com/q?s=ZLUS.PK

Bloomberg - http://www.bloomberg.com/apps/quote?ticker=ZLUS:US

Reference:

Common Abbreviations
bbl. = barrel
b/d, bpd, bopd = barrels per day
Mcf = thousand cubic feet
MMcf = million cubic feet
Bcf = billion cubic feet
Tcf = trillion cubic feet
BTU = British Thermal Unit
NGL = Natural Gas Liquids
LPG = Liquified Petroleum Gases

Energy Conversions
One barrel of crude oil equals:
42 gallons
5,800,000 BTU of energy
5,614 cubic feet of natural gas
0.22 ton of bituminous coal

One cubic foot of natural gas equals:
7.48 gallons
1,030 BTU of energy
0.000178 barrel of crude oil
0.00004 ton of bituminous coal

One short ton of bituminous coal equals:
2,000 pounds
26,200,000 BTU of energy
4.52 barrels of crude oil
25,314 cubic feet of natural gas

One metric ton of crude oil equals:
2,204 pounds
7.46 barrels of domestic crude oil
6.99 barrels of foreign crude oil

One cubic meter of natural gas equals:
35.314 cubic feet

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CoreStream Energy Announces New Institutional Funding, Management Changes and Limited Update

Corestream Energy (USOTC:ZLUS) Historical Stock Chart 1 Month : February 2011 to March 2011