Zealous ATS (`ZATS') to Create PIPES Index to Track Alternative Finance Market Returns
First Ever Index to Track Returns of PIPE Market
November 15, 2007 08:59 AM Eastern Time
NEW YORK--(BUSINESS WIRE)--Zealous Trading Group, Inc. (OTCBB: ZLST; “ZATS”; http://www.ZealousATS.com; see merger information in "About Zealous Trading Group" below) will create the first-ever index to track the returns of the PIPE (Private Investment in a Public Equity) market. The “ZATS PIPE Index” is expected to launch in early 2008 and will track activity and returns of various PIPE structures and sectors for all domestic financings of $1.0 Million or greater, including foreign companies that issue securities using PIPE financing in the U.S.
The “ZATS PIPE Index” will be transaction size weighted and include applicable warrants and discounts to the underlying equity to assess index calculations and will not consider volatility analysis for measuring the value of warrants.
Zealous Trading Group President and Chief Executive Officer, Milton “Todd” Ault III, stated: “We believe that the creation of this index will be an important milestone in the evolution of the ZATS marketplace, as PIPE financings have become an increasingly important structure for both domestic and foreign public companies seeking U.S. investor capital. With a growing PIPE market, estimated at $98 Billion in 2007 by Placement Tracker, we believe the index will provide a valuable benchmark that investors will be able to use to analyze returns and assess risk.”
For more information about the ZATS Pipe Index, visit http://www.zealousats.com/pipeindex.htm.
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 its technology partner 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 approximately 400 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, 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.
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.
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 Trading Group, Inc. (fka Atlantic Syndication Network, Inc.) 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-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 Trading Group, Inc., does not undertake any obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.
For more information, visit http://www.ZealousATS.com.

