-- ZATS Hires Sales, Trading, and Support Professionals for New
York Office --
NEW YORK--(Business Wire)--Zealous Trading Group, Inc. (OTCBB: ZLST, ZATS;
http://www.ZealousATS.com; see merger information in About Zealous
Trading Group below) has expanded the New York sales and trading
effort of its Zealous ATS (ZATS) electronic marketplace and moved its
offices to 230 Park Avenue, the Helmsley building, in Midtown
Manhattan. In conjunction with the move, the company has hired a
number of sales, trading, and support professionals for the expansion
of its New York operations.
The office move includes an increase in sales, trading,
settlement, and customer support professionals of its ZATS marketplace
for restricted and illiquid securities. The company's corporate
headquarters will remain in Los Angeles where it will maintain a small
institutional sales and trading effort for coverage of West Coast
accounts.
Zealous Trading Group has recently announced several initiatives
regarding the company's business expansion. It expects to launch ZATS
Version 2.0 during the first quarter of 2008, which the company will
develop in collaboration with EAI Technologies. In addition, the
company is in the process of developing the first ever PIPES Index to
track alternative finance market returns. Zealous also recently
expanded to Boston to capitalize on the strong financial community in
and around the city.
"We feel the expansion of our operations in New York City, the
financial capital of the world, represents the natural evolution of
our business," said Zealous Trading Group CEO and President Milton
"Todd" Ault III. "The large pool of human capital, and proximity to
ZATS key clients in New York, made the decision to dramatically
increase our operations rather simple. With the recent opening of a
Boston office, we feel we can effectively service a majority of ZATS
current and potential East Coast members."
About Zealous Trading Group, Inc.
On July 16, 2007, Zealous Trading Group, Inc. (fka Atlantic
Syndication Network, Inc.), entered into an Agreement and Plan of
Merger ("Merger Agreement") with its wholly-owned subsidiary, ASNI II,
Inc., a Delaware corporation ("ASNI-II") and Zealous Holdings, Inc., a
Delaware corporation ("Zealous"). The Merger Agreement provides that,
upon the terms and subject to the conditions set forth in the Merger
Agreement, Zealous will merge with and into ASNI-II, with ASNI-II as
the surviving corporation of the merger (the "Merger"). As a result of
the Merger, Zealous will become a wholly owned subsidiary, through
which our operations will be conducted.
Zealous owns Zealous ATS, LLC, through its wholly-owned subsidiary
Zealous Capital Markets, LLC, a Delaware limited liability company and
registered Broker-Dealer, Member FINRA/SIPC.
About Zealous ATS, LLC
Zealous ATS, LLC (Alternative Trading System) or "ZATS" plans to
be a global electronic marketplace used to support and execute trades
for buyers and sellers of restricted and illiquid securities.
Zealous Alternative Trading System, in connection with Transfer
Online Technology Development, LLC, has been tested and used
successfully for over 18 months with a major NYSE financial
institution, trading a single stock under Rule 144a. Now, ZATS has
been rolled out to a limited number of users, providing them the
ability to trade restricted stock and illiquid securities of over
1,100 public and private company securities on a negotiated basis.
The next generation of ZATS, now under development, will offer an
integrated electronic platform for the trading of alternative assets
globally. The ZATS marketplace will be a global community of trading
counterparties. The intention is to provide an infrastructure on which
to optimize the investment and trading strategies for participants.
ZATS will combine an open trading platform with an automated
documentation, escrow, transfer and settlement support. It brings
technology to the cumbersome, fragmented and paper intensive
transaction process for the primary offering and secondary trading
market for: PIPE offerings (private investment in public equity);
warrants; domestic and international private equity offerings; Rule
144a equity securities; restricted stock of public companies; block
sales of thinly traded non-NMS registered stock; limited partnership
offerings and secondary LP interests; structured equity and debt
products including emerging markets, illiquid bonds, and loans.
ZATS will bring buyers and sellers together seamlessly and
anonymously creating a more liquid, fluid centralized marketplace.
Users will include: hedge funds; domestic and foreign Broker-Dealers,
registered investment advisors; domestic and foreign issuers;
accredited individuals; family offices; mutual funds; attorneys and
accountants; corporate insiders; affiliates; minority stakeholders;
private equity and venture capital funds; real estate syndicates; and
third party marketers.
For more information, visit http://www.ZealousATS.com.
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 plans,
expects, should, believes, anticipates or words of similar import.
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-KSB and quarterly reports on Form 10-QSB.
These forward-looking statements are only made as of the date of this
press release and Zealous Trading Group, Inc., does not undertake any
obligation to publicly update such forward-looking statements to
reflect subsequent events or circumstances.
Zealous Trading Group, Inc.
Michael Van Patten, 203-496-2323
Co-Founder; Dir of Business Development
mvanpatten@zealousats.com
or
Investor Relations:
The Investor Relations Group
Investors:
Adam Holdsworth / Rachel Colgate / Erica Ruderman
212-825-3210
or
Media:
Bill Douglass / Laura Colontrelle
212-825-3210
Copyright Business Wire 2008
