InvestorsHub Logo
Followers 0
Posts 4227
Boards Moderated 0
Alias Born 08/27/2004

Re: None

Friday, 02/11/2011 9:04:31 PM

Friday, February 11, 2011 9:04:31 PM

Post# of 30337

CoreStream Energy Sells Zealous Interactive
Posted December 22, 2010

IRVING, TX -- 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.




Lets see, 60-days from December 22, 2010 is a little over a week away and they are still 1 year behind in filings. They are also 5-weeks late in disclosing what they promised for the week of January 3. And these new executives are better than the old because?

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.