IRVING, TX--(Marketwire - December 22, 2010) - CoreStream Energy, Inc. (
CoreStream Energy is moving forward to continue to divest itself of all non-energy assets and liabilities and is pleased with the deal to sell Zealous Interactive and its assets. CoreStream Energy looks forward to 2011 with its efforts to reallocate its resources and its pursuit of core business opportunities. During 2010 CoreStream has slowly succeeded in negotiating with its creditors and investors and resolving legacy issues. CoreStream is pleased to inform its shareholders of its progress with the calendar year-end imminent. CoreStream has continued to secure financing due to this progress and the restored confidence in the company's ability to restructure itself and develop new opportunities and strategic alliances.
CoreStream Energy also announced that is currently working on its 2010 financial reporting and should be in full compliance within the next 60 days. The Company is confident it will remain compliant in the future.
CoreStream Energy will have an investor update the week of January 3, 2011 discussing major events with respect to both its past business assets and debts and its emerging oil and gas projects. The Company thanks its creditors and investors for their cooperation and support this past year. The Company will continue to keep its shareholders, its creditors and the public informed as more progress is made and news develops.
About CoreStream Energy, Inc.
CoreStream Energy, Inc., a Nevada Corporation, is focused primarily on the US oil and gas energy market. It currently trades on the OTC Markets as ZLUS.PK with a symbol change expected soon from FINRA.
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 CoreStream Energy, Inc. "plans," "expects," "should," "believes," "anticipates" or words of similar importance. 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 CoreStream, Inc. does not undertake any obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.
Contact Information:
Contact Info:
Gary Patterson
Investor Relations
ir@corestreamenergy.com
(714) 369-2933