SOURCE: Elysium Internet, Inc.

Elysium Internet, Inc.

August 06, 2009 07:00 ET

Elysium Internet Enters Partnership With IAC's Leading Online Local Lifestyle Guide Citysearch.com

OLDSMAR, FL--(Marketwire - August 6, 2009) - Elysium Internet, Inc. (PINKSHEETS: EYSM), a next generation Internet advertising and new media Company, today announced that it has entered into a strategic partnership with Citysearch.com, a leading online local lifestyle guide and operating business of www.IAC.com. IAC/InterActiveCorp is a two billion dollar, NASDAQ traded, multinational Internet Company with more than 50 world-class brands serving more than 30 countries with sites like Match.com, Ask.com and the recently acquired Dictionary.com.

Elysium Internet Founder and CEO Scott Gallagher commented, "2009 has been an exciting and productive year for us in terms of launching new online destinations, expanding our product offering, acquiring strategic domain names for future development and growing our existing customer base year over year in the low triple digit range. Partnering with an industry leader in online local media and search like www.Citysearch.com owned by a Company like IAC, I think, substantially expands both the exposure and revenue opportunities available to our local directory clients across all of our vertical markets nationwide. The increased distribution channel allows us to continue and grow both the value proposition we provide to our customers, as well as the new revenue opportunities and profits this relationship may generate for our company in the future."

www.Citysearch.com is owned and operated by IAC/InterActiveCorp and generates over 14 million unique users a month while representing 18 million businesses and has over 75,000 locales in its database.

About Elysium Internet, Inc.

www.ElysiumInternet.com is an emerging leader in the local direct navigation/Internet media space. The Company is building a direct navigation based Internet advertising network. Elysium builds professional directories over category killer Dot Com and Dot Net domain names such as www.Podiatrists.com, www.Psychiatrists.com, www.Pediatricians.com, www.Auditors.com, www.Therapists.net, www.TheDirectory.com and others. For more information visit the Company web site www.ElysiumInternet.com. Review the Company's quarterly, annual and other filings with the Securities and Exchange Commission at http://www.SEC.gov or www.PinkSheets.com.

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 Company 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.

Contact Information

  • Media Inquires Contact:

    Scott Gallagher
    727-417-7807
    Email Contact