2008-07-08 23:47:07 -

- Zealous Trading Group, Inc. Chris Rainbolt, Media & Investor Relations, 310-420-3541 Zealous announced today the appointment of Mr. William Dully as the CFO/COO for Zealous Trading Group, Inc. (OTCBB:ZLST), the parent of Zealous Capital Markets, LLC and Zealous Asset Management, LLC.

"Bill Dully brings considerable experience in both operations and finance from other companies. This is one of

the most important hires in the company's history as we have been able to secure a world class operator with such a tremendous track record," said Milton "Todd" Ault III, chairman and CEO of Zealous Trading Group.

"Zealous has its own set of challenges and faces the demands of tremendous growth. That is why I believe my operational background is such a perfect fit for the needs of Zealous," said Bill Dully.

Zealous also announced today the formation of a special steering committee to weigh the various proposals it has received from outside investors. "The number of offers in various forms for ZATS, our trading platform, made it necessary to form a special committee to report to the Board. It became clear that the demand for ZATS was overwhelming and that it would be advantageous for Zealous to seek the advice of others in deciding whether or not it is strategically desirable to license our platform or take private equity investment," said Mr. Ault.

About Zealous Trading Group, Inc. ("Zealous")

Zealous owns Zealous ATS, LLC., through its wholly-owned subsidiary Zealous Capital Markets, LLC., a Delaware limited liability company and registered Broker-Dealer, Member FINRA/SIPC.

About Zealous ATS, LLC.

Zealous ATS, LLC ("ZATS Trading Platform") intends to be a global electronic marketplace for the primary issuance and secondary trading of private placements, and restricted and illiquid securities. ZATS Trading Platform expects to provide both buy and sell-side participants an infrastructure in which to more effectively and anonymously transact with each other. ZATS Trading Platform expects to be supported by independent research, and market data providing investors comprehensive coverage and market access to opportunities throughout the world.

ZATS Trading Platform expects to combine an open trading platform with documentation, escrow, transfer and settlement support. It expects to bring technology to the cumbersome, fragmented and paper intensive transaction process for the primary offering and secondary trading market for: PIPE offerings (private investment in public equity); warrants; domestic and international private equity offerings; Rule 144A equity securities; restricted stock of public companies; block sales of thinly traded registered stock; limited partnership offerings and secondary LP interests; structured debt products including emerging markets, illiquid bonds and loans.

ZATS Trading Platform expects to bring buyers and sellers together seamlessly and anonymously, thereby creating a more liquid, fluid, centralized marketplace. Expected users include hedge funds, domestic and foreign Broker-Dealers, microfinance institutions, registered investment advisors, domestic and foreign issuers, accredited individuals, family offices, mutual funds, attorneys and accountants, corporate insiders, affiliates, minority stakeholders, private equity and venture capital funds, real estate syndicates and third party marketers.

For more information, visit www.ZealousATS.com.

Forward-Looking Statement

The information contained herein includes forward-looking statements. These statements relate to future events or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. The safe harbor for forward-looking statements contained in the Securities Litigation Reform Act of 1995 protects companies from liability for their forward-looking statements if they comply with the requirements of the Act.

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 plans, expects, should, believes, anticipates or words of similar import. 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-KSB and quarterly reports on Form 10-QSB. These forward-looking statements are only made as of the date of this press release and Zealous Trading Group, Inc., does not undertake any obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.

¶ Zealous Forms Steering Committee to Weigh Various Proposals for
ZATS Trading Platform, Including Licensing Overseas and Private Equity
Investment