FOUNTAIN VALLEY, CA--(Marketwire - June 4, 2010) - Zealous, Inc. (
CoreStream Energy, Inc. starting today will be led by Chris Rainbolt, the newly installed CEO and Chairman. Mr. Rainbolt, 44, is an Oklahoma native and comes from a family deeply rooted in the oil, gas and energy industry for over a hundred years. "CoreStream Energy is perfectly positioned to take full advantage of opportunities left behind by larger, over-leveraged exploration and production companies left in the wake of the recent market volatility. His depth of contacts and knowledge of the industry makes him the ideal choice to lead this new energy company," Mr. Ault explained. CoreStream Energy, Inc. will be headquartered in Dallas, Texas.
More details will be provided in the near future including information about new lease positions, production purchases, drilling schedules, and oil & gas wells being brought on-line in Oklahoma, Texas, Louisiana, and Mississippi. "Today we find the need for more oil and gas production within the United States paramount as the country tries to reduce its dependence on foreign sources. Alternative energy sources are believed to be decades away from economic viability, and certain new government restrictions may be placed on the development of significant new fields. Today's world needs, combined with declining sources and fluctuating world conditions, suggests a continued climb in the value of quality oil and therefore a great opportunity for CoreStream Energy both near and long term," said Mr. Rainbolt.
The investor and creditor conference call scheduled for today has been postponed to Monday, June 14th 1:30pm EDT. The call has been delayed to allow the new CEO and Chairman to prepare remarks and issue an update of CoreStream Energy's operations and opportunities. Those that have requested to participate in the conference call today will still participate as will any investor or creditor that sends an email to ir@zealousinc.net.
About CoreStream Energy, Inc. formerly Zealous, Inc.
Zealous, Inc., a Nevada Corporation, is now called CoreStream Energy, Inc. and is an oil and gas energy holding company based in Dallas, TX. CoreStream conducts its existing business through its wholly owned subsidiaries: Zealous Interactive, Inc., Health and Wellness Partners, Inc., and Zealous Capital Group, Inc. It trades on the OTC Markets as ZLUS.PK and will be formally changing its trading symbol soon.
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 direct
Email: