Press Releases
For Immediate Release: (New York, NY, November 13, 2008)
Global Access Holdings Reaffirms Closing Acquisition of ZATS Trading Platform
NEW YORK, NY--(Marketwire – November 13, 2008) – Global Access Holdings LLC (GAH), an emerging provider of financial media and analytics announced today that it reaffirms the closing of the asset purchase agreement with Zealous Capital Markets, LLC as previously announced by Adult Entertainment Capital (OTCBB: ADLE.OB) on October 21, 2008.
Reports or claims from any source including those made by management of Adult or Zealous Capital Markets, that the transaction had been cancelled are false and possibly actionable. Pursuant to the agreement GAH acquired all right, title and interest in the Zealous Alternative Trading System from Zealous Capital Markets, LLC. GAH has commenced commercializing the platform technology which it markets under the Global Access Trading Engine (GATE)TM trade name and is extremely optimistic about the prospects for the technology.
Vince Molinari, CEO of GAH stated, “I am disappointed by the turn of events with the management of Zealous, and the press release issued yesterday by ADLE.OB is completely at odds with the closed transaction.” Molinari continues, “Regardless of these false statements, GAH maintains and reserves all rights and remedies available to it under the law, and we are continuing our aggressive improvement and deployment of the GATE solution.”
For Immediate Release: (New York, NY, October 21, 2008)
NEW YORK, NY--(Marketwire - October 21, 2008) - Global Access Holdings LLC
(GAH) announced the closing of its acquisition of the Zealous Alternative
Trading System for illiquid securities. The ZATS platform is an
alternative trading system that enables investment firms to transact in
illiquid securities including PIPEs, warrants, and other financing
vehicles.
GAH has renamed the platform Global Access Trading Engine (GATE),
highlighting the ability of the platform to power transactions in illiquid
securities. GAH will be focused upon working with broker dealers and
investment firms to enable their operations access to the ever increasing
market for illiquid financial products.
"The need for GATE and its ability to bring investors, issuers, and broker
dealers into a controlled and compliant forum has never been more timely,"
said Vince Molinari, Chief Executive Officer of GAH. "While the domestic
marketplace will continue to be the dominant focus of our partnerships and
deployments for GATE, we are already leveraging relationships in India and
South America to bring this technology to emerging markets."
Mr. Molinari also highlighted some of the new functionality being worked on
for GATE. Company specific metrics, research reports, and news and media
tracking are all being incorporated into the GATE platform to increase the
transparency and information available on these illiquid securities. GAH
has retained Ockham Research
LLC, an independent research solutions firm, to offer the initial
research coverage of thousands of securities with valuation metrics and
related analyses.
"GATE will ultimately be the portal through which these financial
securities transact," said Jim O'Reilly, Chief Operating Officer of GAH.
"In the past, the biggest problem preventing efficient trading in these
products has been the lack of a cohesive platform which can handle the
thousands of different ways these securities can be structured. GATE is an
empowering technology which overcomes these issues."
For Immediate Release: (New York, NY, September 2, 2008)
Global Access Holdings LLC (GAH) announced today the strategic acquisition of the Zealous Alternative Trading System (ZATS) from Zealous Capital Markets, LLC. The ZATS platform is an alternative trading system for illiquid securities including PIPEs, warrants, and other financing vehicles. When combined with the current research, content, and analytics available through GAH, the ZATS platform will be elevated to the most comprehensive platform for illiquid securities.
While ZATS was originally designed as a domestic trading ATS, the new combined platform, named Global Access Trading Engine (GATE), will continue its US trading operation, but will also expand into emerging markets through Global Access Holding's international partnerships. As the desire for trading in PIPEs, warrants, and other illiquid security types has grown, the need for an efficient way to identify, analyze and transact in these vehicles has grown as well. GATE will work with both issuers and investors to provide that solution on a global basis.
"GATE is really the next step for the illiquid security marketplace," said Vince Molinari, CEO of Global Access Holdings. "After working for the last year with Zealous Capital Markets, it became very clear that this market needed a combined platform, where research, analytics, and trading were all merged seamlessly. Our vision for GATE is to provide the gateway to illiquid securities transactions globally."
Zealous Capital Markets originally identified Global Access Holdings to build its research platform offering, FlashPoint, back in December of 2007. "Their ability to analyze thousands of securities and build analytics for the illiquid market is originally what brought us to Global Access Holdings," commented Todd Ault, CEO of Zealous Capital Markets. "As our teams worked together to build FlashPoint, it became clear to Mr. Molinari and I, just how powerful a globally based application would be. We have worked together over the last several months to create a custom solution that can power not only our clients, but others involved in the illiquid marketplace as well."
In addition to its trading functionality, GATE will incorporate the research and analytics provided by Ockham Research, LLC, a GAH partner and independent research provider. With coverage of over 5500 US and ADR securities, Ockham Research will bring custom research, ratings, and insights into the GATE platform with the goal of expanding coverage into the international markets that GATE will power. Christian Ward, CEO of Ockham Research commented, "GATE has so many opportunities to bring information to a truly "dark pool" of investments. With companies, investors, and research providers working together with GAH and the GATE platform, the ability to streamline the illiquid securities market is realized. Ockham is proud to have been chosen to power the GATE platform and will work closely with GAH to identify additional research sources for inclusion going forward."
The new GATE platform will be offered both as an execution mechanism and a back-end solution to firms seeking to provide a transaction marketplace to their clients. Clients will be able to research companies, identify illiquid investments, review transaction and trading history, and ultimately trade in a efficient online platform. Contact Global Access Holdings for more information.
About Global Access Holdings, LLC.
Global Access Holdings, LLC (GAH) is a financial media and analytics firm with exclusive licenses and intellectual property to cutting edge research and content generation tools on a global basis. Through its relationships and partnerships, GAH provides research systems, expert networks, corporate access networks, and news tracking platforms to the financial services industry. Founded in 2003, GAH combines the expertise of its managing partners in trading, research, and technology to synthesize products and services directly to individual client needs. Visit www.globalaccessholdings.com for more information.
About Zealous Trading Group, Inc. (“Zealous”)
Zealous Trading Group 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 http://www.ZealousATS.com.
About Ockham Research, LLC.
Ockham Research, LLC is an equity research and financial analytics firm based in Atlanta, Georgia. Ockham Research covers more than 5600 U.S. equities and American Depositary Receipts (ADRs) of almost any size market capitalization updated on a weekly basis. This robust coverage universe is analyzed through a fundamental and quantitative framework. Ockham Research prides itself on a simple yet logical approach to securities analysis, which is based on a value investing methodology adapted from the teachings of Benjamin Graham. Utilizing this methodology, Ockham Research strives to find securities that have unjustly fallen out of favor in the stock market and are destined for a return to more normal valuations.
We serve our individual and institutional clients with such products as: full reports on individual securities, portfolio analytics, peer, sector and industry analysis, and our institutional “white-label” research solution product. Also, Ockham Research benefits from strategic alliances with and through its holding company Global Access Holdings (GAH). This alliance gives Ockham Research the advantage of access to cutting edge proprietary financial analytics, news analytics, trading, and other exciting technologies.For more information, visit http://www.ockhamresearch.com
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 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.
Wednesday, November 19, 2008, Scott Murtaugh