SOURCE: Elysium Internet, Inc.

June 09, 2008 09:15 ET

Elysium Internet Announces Plans to Launch Price Comparison Search Engine CheaperPharmacy.com

OLDSMAR, FL--(Marketwire - June 9, 2008) - Elysium Internet, Inc. (OTCBB: USBF) (Pending name change), an emerging direct navigation Internet media Company, today announced plans to launch CheaperPharmacy.com, a comparison search engine of prices in the health space in mid to late July.

Elysium Internet Chairman and Chief Executive Officer Scott Gallagher commented, "We plan to position CheaperPharmacy.com as a leading price comparison search engine initially through the rollout of our premium health related directories; www.Therapists.net, Pediatricians.com, Psychiatrists.com and Podiatrists.com. In January of this year the health category received 437 million online visitors, with 87 Million unique visitors. These statistics coupled with the aging baby boom population and weak US economy illustrate the ongoing need for clarity of pricing in this hugely important online sector."

Jupiter research estimates that the market for indirect or Internet influenced sales of health products and services will grow to $11 Billion by 2010. The average annual US household spend in the health and beauty category is in the range of $2,900 per year, and 71% browse multiple online stores prior to completing a purchase.

About Elysium Internet, Inc.

Elysium Internet, Inc. (OTCBB: USBF) (Pending name change) is an emerging direct navigation online media Company. Its domain assets include: TheDirectory.com, www.Therapists.net, Auditors.com, Pediatricians.com, Psychiatrists.com, Podiatrists.com, LocalAttorney.net, LocalOBGYNs.com, LocalPhysician.com, eBoxing.com and many others. The Company has developed a proprietary direct navigation directory platform and local search platform. For additional information go to www.ElysiumInternet.com. Review the Company's quarterly, annual and other filings with the Securities and Exchange Commission at http://www.SEC.gov.

Forward-Looking Statements

Included in this release are certain "forward-looking" statements, involving risks and uncertainties, which are covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including statements regarding the Company's financial performance. Such statements are based on management's current expectations and are subject to certain factors, risks and uncertainties that may cause actual results, events and performance to differ materially from those referred to or implied by such statements. In addition, actual future results may differ materially from those anticipated, depending on a variety of factors, sales and earnings growth, general economic conditions affecting consumer spending, including uncertainties relating to global political conditions. Information with respect to important factors that should be considered is contained in the Company's Annual Report on Form 10-K and 10-K/A as filed with the Securities and Exchange Commission. Readers are cautioned not to place reliance on these forward-looking statements, which speak only as of the date hereof.

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