Business Services Industry
Zealous' ZATS Highlighted in the Los Angeles Business Journal
Business Wire, Jan 16, 2008
Article Features ZATS, Global Electronic Marketplace for Restricted Securities, As First Platform Of Its Kind
NEW YORK -- Zealous Trading Group, Inc. (the "Company"; OTCBB: ZLST, http://www.ZealousATS.com; see merger information in About Zealous Trading Group below), was featured on January 14, 2008, in the weekly edition of the Los Angeles Business Journal in the "Finance" section.
The article, written by Deborah Crowe, highlights Zealous Trading Group's Alternative Trading System, "ZATS," an electronic marketplace used to support and execute trades of restricted and illiquid securities. ZATS is one of the first Internet-based electronic trading platforms that provide trade execution and liquidity to non-marketable securities. Crowe writes, ". . . about 100 entities are already using the trading platform, with 2,100 on a list waiting for a new version to launch." The Company plans to launch a second-generation, fully automated electronic platform that will make the service available to a larger number of investors.
"We are pleased that ZATS is gaining visibility and was mentioned in the Los Angeles Business Journal," said Todd Ault, Chief Executive Officer of Zealous Trading Group. "We believe that ZATS will be a critical force within the restricted securities marketplace. There's a growing demand for liquidity in restricted securities but no centralized place for investor to conduct trades. We look forward to launching our fully-automated, electronic second generation ZATS platform, which we believe will provide an easier and more efficient process for accredited investors to trade restricted and illiquid securities."
The complete Los Angeles Business Journal article can be accessed at: http://www.labusinessjournal.com/article.asp?aID=1264462.3813998. 1574261.7739335.5537909.779&page=1 (Due to its length, this URL may need to be copied/pasted into your Internet browser's address field. Remove the extra space if one exists.)
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.
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