Home > News > Adult Entertainment Capital Changes Market Symbol • Bookmark   • Newsletters   • Register Search Options

NEWS STORY

Adult Entertainment Capital Changes Market Symbol

Adult Entertainment Capital Changes Market Symbol
Get XBIZ News
Sep 18, 2008 11:00 AM PDT    Text size: 
TUSTIN, Calif. — Investment fund Adult Entertainment Capital Inc. has changed its Nasdaq ticker symbol to “ADLE" from the old "ZLST," which reflected its former name Zealous Trading Group. AEC also has announced its plans to become a business development company (BDC) as early as next month.

“AEC will be the first BDC ever to focus purely on the adult industry, which has been largely shut out by Wall Street firms,” said Milton C. Ault III, Chairman and CEO of Adult Entertainment Capital.

The company also expects to be dually listed on a European stock exchange before the end of the year.

On Aug. 25, AEC announced an agreement to acquire cable pay-per-view service ComedyNet, which is available to 19 million homes through most major cable operators. On Sept. 5, AEC acquired Southern California streaming adult media outlet Rock Candy Entertainment. Rock Candy Entertainment offers nine streaming video sites including MonsterTubers.com.

AEC is currently involved in negotiations for a majority stock purchase of Internet Lending Group and its subsidiary, ILGBill, with an intention ILG keeping management power after the transaction has concluded. Internet Lending Group services include mediation; collections; lending and factoring for merchants; group purchasing organization; risk management tools; and processing and direct lending for consumers. ILG discerns the value of illiquid assets from their various data mining efforts and the resulting statistical analysis of that data. ILG also provides Credit Card processing through ILGBill.

AEC also has announced the procurement of a telecom call center with more than 4,000 phone lines which can serve as a collection center and studio to provide live adult telephone entertainment.

Adult Entertainment Capital has announced its intention to announce more portfolio investments in the adult industry before the end of October.

For more information, visit the Adult Entertainment Capital website.

More ways to get XBIZ News:  RSS Feeds  |  E-Newsletters  |  Desktop Widget  |  Mobile
Looking for porn star news and behind-the-scene videos? Check out XFANZ.com !

LEGAL PERSPECTIVES

The Skinny on the New DMCA Requirement

The requirements under the Digital Millennium Copyright Act (DMCA) have changed, but the sky is not falling. We have, even as a law firm, been hit with an unbelievable amount of spam sent out by law firms... More »

2017 Outlook: Legal Matters Around the Corner

The adult entertainment business’ legal community recently weighed in the top issues that companies and the industry, as a whole, should be concerned about. XBIZ asked industry attorneys to discuss... More »

Fraudulent Brazilian Trademark Registrations Running Rampant

Although you might not think often about protecting your trademark rights in Brazil, you need to — even if you don’t yet have a single Brazilian customer. Scammers are constantly looking for... More »
XBIZ NEWSLETTERS
Stay informed of the latest industry developments. Get XBIZ newsletters delivered to your inbox. Subscribe today!
Enter email address:

* To manage existing subscriptions click here.






POPULAR PRODUCTS & SERVICES
Submit your press release to
multiple news outlets with 1 click.
Subscribe to RSS news feeds or
add free content to your website.
Access XBIZ news and articles
with your mobile device.
Subscribe to XBIZ World magazine, the industry's leading e-commerce trade publication, delivering in-depth coverage of the online, mobile and ancillary digital markets.

UPCOMING EVENTS

The European Summit

Mar 04 - Mar 07
Barcelona-Sitges, Spain

The TEA Show

Mar 05 - Mar 06
Hollywood, CA

Phoenix Forum 2017

Mar 23 - Mar 26
Tempe, Arizona

EXXXOTICA Denver

Mar 31 - Apr 02
Denver, CO.
Everyday thousands of business professionals browse XBIZ's industry directory for quality products and services. Not listed yet? Your company could be losing potential new business. Submit your company today!
Use XBIZ RSS feeds to stay informed of the latest industry developments or as a content syndication tool for your website!