ZLUS NEWS- CoreStream Energy, Inc. Sells Zealous Interactive, Inc. Announces Investor Update for Week of January 3, 2011
Corestream Energy (USOTC:ZLUS)
Intraday Stock Chart
Today : Wednesday 22 December 2010
CoreStream Energy, Inc. (PINKSHEETS: ZLUS) 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.
About CoreStream Energy, Inc.
CoreStream Energy, Inc., a Nevada Corporation, is focused primarily on the US oil and gas energy market. It currently trades on the OTC Markets as ZLUS.PK with
