SOURCE: Corestream

March 16, 2011 12:03 ET

CoreStream Energy, Inc. Appoints Paul E. Niedermeyer to the Board of Directors

Appointment Spotlights Company's Commitment to Technological Efficiencies and Ethical Standards

FOUNTAIN VALLEY, CA--(Marketwire - March 16, 2011) - CoreStream Energy, Inc. (PINKSHEETS: ZLUS) announced that Paul E. Niedermeyer has been appointed to the Board of Directors of the Company effective March 15, 2011 and will serve in the position of Vice Chairman of the Board.

Mr. Niedermeyer is a Certified Fraud Examiner (CFE) and Project Management Professional (PMP) with 15 years of senior management experience specializing marketing and product development. Mr. Niedermeyer holds a B.A. in Economics and a B.S. in Business Administration from the University of California at Berkeley. Mr. Niedermeyer also holds a M.S. in Computer Science from Florida Atlantic University (FAU).

Niedermeyer founded whois.net in 1996, a WHOIS keyword search engine, and sold the company in 1997. Mr. Niedermeyer worked at Scientific Applications International Corporation (SAIC) / Network Solutions Inc. (NSI) in various roles from 1997-1998. Building upon this experience, Mr. Niedermeyer worked at Verio Inc., an NTT Communications Company from 1998-2005, where he served as senior product line manager for Verio's small-medium-enterprise (SME) business unit selling web hosting products. Due to a growing demand for his services as a consultant, Mr. Niedermeyer served as President and Senior Consultant of PN LLC from 2005-2009, a research and management consulting firm providing strategic financial and marketing leadership and services to technology startup companies and major corporations. Mr. Niedermeyer is currently the President & CEO of Clear-Lite Holdings, Inc.

Milton C. Ault III, CoreStream's Chairman and CEO, stated: "I am very pleased that Paul has accepted CoreStream's invitation to join our Board. Paul has broad experience in the oversight of finance, human resources, corporate law, pubic reporting and technology activities. His corporate best-practices experience provides CoreStream a valuable resource as we grow the Company. As the company systematically builds a formidable operation in oil and gas, Paul's contributions to drive resource efficiencies especially in manpower and asset maintenance will be fundamental. Paul's guidance to develop technologies that will automate production, periodic and on-demand reporting, and oil field operations and diagnostics will be instrumental as demonstrated in management's recent trip to Kentucky. I expect these same talents and systems could be used for loss prevention and to identify theft and fraud."

About CoreStream Energy, Inc.
CoreStream Energy, Inc., a Nevada Corporation based in Fountain Valley, CA is an independent energy company engaged in the acquisition, development, exploitation and production of crude oil and natural gas from onshore conventional properties in Louisiana, Mississippi and Kentucky. It currently trades on the OTC Markets as ZLUS.PK with a symbol change expected soon from FINRA.

This press release includes "forward-looking statements" as defined by the Securities and Exchange Commission ("SEC"). Such statements include those concerning CoreStream Energy, Inc.'s strategic plans, expectations and objectives for future operations. All statements included in this press release that address activities, events or developments that CoreStream expects, believes or anticipates will or may occur in the future are forward-looking statements. These statements are based on certain assumptions CoreStream made based on its experience and perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate under the circumstances. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond CoreStream's control. Statements regarding future production, revenue and cash flow are subject to all of the risks and uncertainties normally incident to the exploration for and development and production of oil and gas. These risks include, but are not limited to, commodity price changes, inflation or lack of availability of goods and services, environmental risks, drilling risks and regulatory changes and the potential lack of capital resources. Investors are cautioned that any such statements are not guarantees of future performance and those actual results or developments may differ materially from those projected in the forward-looking statements.

Contact Information

  • Contact Info:
    CoreStream Energy, Inc.
    (714) 418-1700

    Gary Patterson
    Investor Relations
    IR@CoreStreamEnergy.com
    (714) 369-2933