Publicly traded Zealous (OB:ZLUS), a fountain Valley, CA-based holding company which operates through its three subsidiaries, Zealous Interactive, Health and Wellness Partner and Zealous Holdings, has had a pretty rough year.
Zealous Holdings, the financial services arm of the company formerly known as Adult Entertainment Capital, was recently discontinued and is currently involved in Chapter 7 dissolution. In addition, the company is now desperately trying to sell off its Interactive unit to anyone who cares to take a look, in order to reduce the legacy debt that stems from the Holdings’ demise.
It’s so desperate, even, that it put out a press release this morning to announce that it is currently ‘in detailed talks with a major creditor and other parties’ about the sale of its online, media and marketing assets. The kind of thing a company would do if they were vying for attention from other suitors.
The assets of the Interactive unit include, according to the announcement, an adult portal and social network as well as its print and online publications and over 700 URLs and websites. I was unable to retrieve any names of these ventures, but I most certainly hope this isn’t Zealous Interactive’s official website.
And I also hope potential buyers know how to search the Web for more information about the company.