ZUUS
Industry:
Renewable & Alternative Energy Equity REITs Software

DESCRIPTION

Zeuus is a development-stage company with no revenue, no customers, and no commercial products. Zeuus is pursuing three business areas — data centers, green energy, and cybersecurity — but has not yet executed on any of them. Zeuus acquired wind turbine technology in 2021 for roughly $900K, which is currently being tested in a lab in Montenegro, with commercial production targeted for end of 2024. Zeuus is also seeking to acquire data center assets and cybersecurity companies, but no such deals have closed. The company's only substantive asset is the wind turbine technology intangible, carried at ~$720K net of amortization. Zeuus has generated zero revenue and funds operations almost entirely through related-party loans from CEO Bassam Al-Mutawa and his son. Zeuus carries an accumulated deficit of ~$2.1M and has received a going concern opinion from its auditors. Al-Mutawa beneficially owns ~76% of shares, giving him effective control. Zeuus trades on the OTC Pink market under the ticker "ZUUS."

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