SOURCE: Elysium Internet, Inc.

May 24, 2011 13:39 ET

Elysium Internet Completes Name Change to TheDirectory.com and Files for New Ticker Symbol

Company Reduces Authorized Shares by 1.5 Billion

TAMPA, FL--(Marketwire - May 24, 2011) - TheDirectory.com, Inc. (PINKSHEETS: EYSM) an emerging leader in the Local Business Search Market , today announced that it has completed its name change from Elysium Internet, Inc. to TheDirectory.com, Inc. and authorized share reduction with the state of Utah.

TheDirectory.com Founder and CEO Scott Gallagher stated, "We're pleased to finally have these corporate actions behind us. Now we can begin our plans of building TheDirectory.com into the most recognized brand in the local search market. Additionally we took a big step forward at improving our capital structure by reducing the authorized shares by 1.5 Billion. We've filed the forms notifying FINRA of the name change and have requested a new ticker symbol be issued."

Gallagher continued, "This has been an exciting year for our Company as we continue to grow the top line and target achieving our goal of sustainable profitability."

About Elysium Internet, Inc.

Elysium Internet, Inc. 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.com, www.Chiropractor.net, www.Psychiatrists.com, www.Pediatricians.com, www.Dietitians.net, www.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