FOUNTAIN VALLEY, CA--(Marketwire - May 14, 2010) - Zealous Capital Group, Inc., a wholly owned subsidiary of Zealous, Inc. (
Management is pleased to announce that Zealous Capital Group has entered into its first two consulting agreements that are each currently generating income in the low six-figures. Additional contracts are in negotiations and are expected to be consummated in the fourth quarter of this fiscal year.
In forming Zealous Capital Group, Inc., the board of directors has requested that Mr. Milton Ault III return as Chairman, CEO and President of Zealous, Inc., effective Thursday, May 13, 2010. "I am very happy the board and I could reach an understanding about the long term future of the company," said Mr. Ault. The board has also agreed to a new three-year contractual agreement with Mr. Ault. The former CEO of Zealous Inc., Gary Gottlieb, will focus all of his attention on expanding the Zealous Interactive business component, TheAdultSpot.com. Mr. Gottlieb will focus exclusively on the social network as his primary expertise and concentration will yield the greatest benefits to the company and its shareholders to continue to lead the fast growth in users and new affiliations, combined with the recent major improvements to the social network web site.
Mr. Graham has over 15 years' experience trading personal and proprietary portfolios. He has an extensive analytical background and received training in technical analysis, portfolio management and strategic trading from Pristine and Valez Capital Management. His diverse experience in military and commercial aviation, engineering, computer simulation, marketing, business development, strategic planning and local and international commercial real estate development gives him a global perspective that contributes to his fundamental and technical understanding of the stock market and its trends. He served in Viet Nam as a Marine jet pilot with 300 combat missions. "He brings discipline and a wealth of technical and management experience to Zealous Capital Group that is directly applicable to the formation, operation and expansion of the company," said Ault.
Mr. Ault added, "Since September 2008, business from a Zealous, Inc. corporate prospective has been very challenging. At this point I am extremely pleased by the support of our shareholders and lenders. We all look forward to the future growth of the company."
About Zealous, Inc.
Zealous Inc., a Nevada Corporation, conducts its existing business through its wholly owned subsidiaries, Zealous Interactive Inc., and Health and Wellness Partners, Inc. The newly formed entity, Zealous Capital Group, Inc., headed by Mr. Graham, will conduct proprietary trading and focus on consulting with select niche market businesses.
Zealous, Inc. is a holding company operating through subsidiaries, Zealous Interactive, Inc. and Health and Wellness Partners, Inc. Zealous Interactive, Inc. is a multimedia company specializing in online media distribution and content management. The company has high expectations for Zealous Interactive's "TheAdultSpot," a portal and social network featuring print and online publications with over 600 URLs and websites. Health and Wellness Partners, Inc. is a distributor of health, energy and vitality products that promote the wellness of body, mind and spirit.
Forward-Looking Statements
This press release contains certain forward-looking statements. These forward-looking statements can generally be identified as such because the context of the statement will include words such as Zealous Inc. "plans," "expects," "should," "believes," "anticipates" or words of similar importance. Stockholders, potential investors and other readers are cautioned that these forward-looking statements are predictions based only on current information and expectations that are inherently subject to risks and uncertainties that could cause future events or results to differ materially from those set forth or implied by the forward-looking statements. Certain of those risks and uncertainties are discussed in our filings with the Securities and Exchange Commission, including our annual report on Form 10-K and quarterly reports on Form 10-Q. These forward-looking statements are only made as of the date of this press release and Zealous Inc., does not undertake any obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.
Contact Information:
Contact:
Gary Patterson
Phone: (714) 369-2933 office
Email: