New York, New York 3/12/2010 2:15:00 AM
News / Business

Zealous Enters Negotiations for Trading Algorithm

Zealous, Inc. (OTC Bulletin Board: ZLUS) has entered negotiations with two private parties for 3 of its trading algorithms from its financial services division.

 

Zealous Holdings, Inc. (ZHI), a wholly owned subsidiary of Zealous Inc., developed, marketed and conducted business using this system and its series of algorithms.

 

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ZHI and its two wholly owned subsidiaries were closed in 2009 as an aftermath to the financial crisis of Fall 2008. ZHI is currently undergoing a Chapter 7 proceeding a must get bankruptcy court approval before any sale of assets.

 

Zealous, Inc. is a holding company that operates through its three subsidiaries, Zealous Interactive, Inc., Health and Wellness Partners, Inc., and Zealous Holdings, Inc. Zealous Interactive, Inc. is a multimedia company specializing in online media distribution and content management.

 

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