CoreStream Energy, Inc. (fka ZLUS)

[patchman]

At March 31, 2010, the Company had not achieved profitable operations, had insufficient working capital to fund ongoing operations and expects to incur further losses. These circumstances raise a substantial doubt about the Company’s ability to continue as a going concern. Accordingly, all assets and liabilities subject to compromise have been segregated in the Consolidated Balance Sheets and classified as Liabilities subject to compromise, net, at the estimated amount of allowable claims. Liabilities not subject to compromise are separately classified as current and non-current. Revenues, expenses, realized gains and losses, and provisions for losses resulting from the reorganization are reported separately as Reorganization items. The Company’s ability to continue as a going concern is dependent upon its ability to generate future profitable operations and to obtain the necessary financing to meet its obligations and repay its liabilities arising from normal business operations. Management believes that the Company may not be able to obtain additional funds from debt or equity financing due to current economic conditions.

After evaluating the current economic circumstances and investment climate, management believes that it is in the best interest of the company to exit the financial services business. Management plans to generate revenue through the exploration and development of oil and gas wells and sell the commodities. The Company has identified all of its assets and liabilities prior to July 22, 2010 for liquidation. The two operating subsidiaries will continue to sell health and wellness products and operate a multiple media related business, including a print publication, Internet URLs and launching a commercial broadcast network.

http://sec.gov/Archives/edgar/data/1085129/000113175411000041/corestream10q3111.htm

Makes the PR sound quite misleading does it not. Revenues of less than $3,000. Hmmmm.