Make you say WOW, everytime.

[Lonsenior]

ZLUS-PR out

Update: Zealous Board Announces Corporate Restructuring Plan to Settle Debt

NEWPORT BEACH, CA -- (Marketwire) -- 02/24/10 --

Zealous, Inc. (OTCBB: ZLUS) announced today that its Board of Directors
has approved a corporate restructuring plan. The plan includes Gary Gottlieb, currently the CFO of Zealous, Inc., to transition to the new position of Chief Restructuring Officer effective March 1, 2010. "We are very pleased with our progress we have made with some of our creditors and believe with our focus on these issues we can expedite this process to the benefit of all concerned," said Gottlieb. Gottlieb continued, "We are very serious about settling our debt while continuing to do the best we can for our shareholders and creditors. We have been working hard to incubate our subsidiaries and believe focusing on settling our debt ultimately supports these efforts."

It was also announced that Milton C. Ault III will remain President, CEO and Chairman of Zealous Inc., the holding company that controls both Zealous Interactive and Health and Wellness Partners, Inc. "Given Mr. Gottlieb's resume, experience and his familiarity with many of the Company's creditors, the choice was strategic and simple. Mr. Gottlieb has been methodical in helping us develop our subsidiaries and believe he will bring that same dedication and energy to this position," said Mr. Ault. Mr. Gottlieb previously has been a part of the restructuring of several companies including Sweetheart Cup, United Way of LA and Computer Science Corporation.

The Company also reported that it has moved to a new permanent headquarters at 105 Palm in Newport Beach, CA. The phone number remains the same, [phone].

It was also announced that the Company will have news on March 1, 2010. The Company will hold a teleconference this day after the market close for all investors to review this news and discuss the future of the Company. To participate please send an email to [e-mail].

http://ih.advfn.com/p.php?pid=nmona&article=41711298&symbol=ZLUS