June 25 (Reuters) - Z Squared Inc (Delaware):

* Z SQUARED, INC. TO ACQUIRE MAJORITY INTEREST IN PARADOX

DATA AND ITS UNION COUNTY CAMPUS, A NEXT-GENERATION DATA CENTER

DEVELOPMENT TARGETING UP TO 150 MW OF FIRM POWER

* Z SQUARED (DELAWARE) - DEAL STRUCTURED IN SERIES D

CONVERTIBLE PREFERRED STOCK WITH NO CASH OR DEBT

* Z SQUARED (DELAWARE) - TOTAL CONSIDERATION IS SERIES D

CONVERTIBLE PREFERRED STOCK WITH $5 MILLION LIQUIDATION

PREFERENCE

* Z SQUARED (DELAWARE) - COMPANY INTENDS TO PURSUE

INTERCONNECTION REQUEST FOR UP TO 50 MW UTILITY POWER

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