SOURCE: Elysium Internet, Inc.

Elysium Internet, Inc.

June 24, 2010 07:09 ET

Elysium Internet to Become Fully Reporting Company -- CEO Comments on 2010 Growth Strategy and Initiatives

TAMPA, FL--(Marketwire - June 24, 2010) -  Elysium Internet, Inc. (PINKSHEETS: EYSM) today announced that it has taken several actions to become a fully reporting Company, improve transparency to investors and migrate the trading of its common shares ultimately back to the OTC Bulletin Board. 

Elysium Founder and CEO Scott Gallagher commented, "With the growth we expect to take place during the remainder of 2010 related to the launch of www.TheDirectory.com and the opening of our new Call Center, it will be important for us to provide full transparency to our investors and other stakeholders. Toward this aim, we have agreed to retain R.E. Bassie and Company as our PCAOB qualified auditor to complete the audit and review of all outstanding periods and to file these audited form 10Ks and unaudited form 10Qs with the Securities and Exchange Commission on the EDGAR system. We have also agreed to retain SEC legal counsel to assist us with resuming this reporting process."

Gallagher continued, "While we have realized significant accomplishments during the first half of 2010 with the launch of www.TheDirectory.com and several other sites, we fully expect the acceleration of our business activities to continue through the second half of the year and continue to gain momentum into 2011 primarily fueled by the opening of our new call center."

About Elysium Internet, Inc.

Elysium Internet is an emerging leader in the local advertising, search and publishing space. The Company is building a direct navigation-based Internet advertising network anchored by its local business search engine TheDirectory.com. Elysium builds targeted professional directories over category killer Dot Com and Dot Net domain names such as www.TheDirectory.com
www.Podiatrists.comwww.Chiropractor.netwww.Psychiatrists.comwww.Pediatricians.com, www.Dietitians.netwww.Auditors.comwww.Therapists.net and others. For more information visit the Company web site www.ElysiumInternet.com. Review the Company's filings with the Securities and Exchange Commission at http://www.SEC.gov

Forward-Looking Statements

Certain statements contained herein are "forward-looking" statements (as defined -- Private Securities Litigation Reform Act of 1995). Elysium Internet, Inc. cautions that the statements made in this press release constitute forward-looking statements and not guarantees of future performance, and actual results or developments may differ materially from projections in forward-looking statements. Forward-looking statements are based on estimates and opinions of management at time the statements are made.

Contact Information

  • Media Inquires Contact:

    Scott Gallagher
    727-417-7807
    Email Contact