IRVINE, Calif. Adult Entertainment Capital, Inc will no longer be working with the adult entertainment industry and will be changing their name back to Zealous Trading Group. In the month ahead, the stock symbol will also be changed to reflect the decision.
Milton "Todd" Ault III will retain the position of CEO of Zealous TradingGroup, Inc.
"While adult has great benefits, the abrupt change in the market has made it clear that a bold move in that direction is too far ahead of it's time. The majority of our investors want us to take control of the situation and do what we do best. There has been a lot of support from within the company to make this change."
Zealous Trading Group will be keeping the Zealous Alternative TradingSystem (ZATS) under subsidiary company Zealous Capital Markets, LLC. The planned sale of ZATS to Global Access Holdings which was announced on October,21, 2008 has been cancelled for various reasons.
It has been mutually agreed upon, in light of the changes that theComedyNet.com transaction will be cancelled. As a result, Mark Graff will not be coming on board as vice chairman of Adult Entertainment Capital, Inc.
About Zealous Trading Group, Inc
Zealous Trading Group is a Southern California-based financial servicescompany that provides, through its wholly-owned operating subsidiaries, abroad range of securities, brokerage and trading, merchant and investmentbanking related services primarily to institutional clients and accreditedindividual investors, as well as an alternative trading system for illiquidand restricted securities.
