Zealous Holdings, Inc., through its subsidiaries provides financial services including investment banking, asset management, in addition to brokerage and trading services. The company invests in various public and private companies in real estate, healthcare, energy, consumer products and services, media, and insurance sectors, as well as manages private equity funds and real estate funds.
The Company also owns and operates an electronic trading system (Zealous Alternative Trading System, or ZATS) to support and execute trade for buyers and sellers of restricted and thinly traded securities, such as hedge funds, broker dealers, RIAs, mutual funds, corporate insiders, affiliates, minority stakeholders, issuers, private equity funds, venture capital funds, and individual investors. ZATS users encompass a wide array of participants from the professional investor, to organizations who advise and service all securities markets participants.
Zealous Trading Group, Inc. was featured on January 14, 2008 in the weekly edition of the Los Angeles Business Journal. Deborah Crowe highlighted the ZATS system as one of the first Internet-based electronic trading platforms that provides trade execution and liquidity to non-marketable securities. In her article she noted that 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.
In response to the article the company’s CEO Todd Ault stated, “We are pleased that ZATS is gaining visibility and was mentioned in the Los Angeles Business Journal. 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.”
While Zealous Trading is a one of a kind company, it is a young public company that went public in 2007 through a reverse merger. The company’s financial is still growing and Key numbers for Fiscal year ending February, 2007 follows; Sales: $0.0M, Net income: ($0.4)M. On January 14, Zealous Trading Group, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. In early trading on today, the company was down 30% from its previous day close.
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