SOURCE: Elysium Internet, Inc.

May 12, 2008 09:59 ET

Elysium Internet Launches First Online Brand, Therapists.net

Company Plans to Launch Next Online Brand, Auditors.com in the Coming Weeks

TAMPA, FL--(Marketwire - May 12, 2008) - Elysium Internet, Inc. (OTCBB: USBF) (Pending name change), an emerging direct navigation Internet media Company today announced that it has officially launched its Therapeutic Directory under its online brand www.Therapists.net.

Elysium Internet Chairman and CEO Scott Gallagher commented, "After many months of hard work we're very pleased to announce the launch of our first online directory brand www.Therapists.net. Our new platform will allow us to launch 2 to 4 Industry specific online directories each month for the next two years or so as we build Elysium into a leader in the local ad space. Our directories are designed so users can retrieve usable, relevant and above all local information without the noise of billboard directories and pure pay per click sites. In addition each directory will be content-rich allowing users to research specific topics and advertisers, ask questions to professionals, receive topic updates and much more."

Gallagher continued, "The online ad market is expected to grow by 23% in 2008, according to eMarketer, even with the current economic slow down. Borrell Associates recently predicted that online ad spending will triple over the next five years to $22.8 billion from $8 billion in 2007. We believe the local space will continue to grab a larger piece of the pie and user focused, local online brands like ours will lead the way."

About Elysium Internet, Inc.

Elysium Internet, Inc. (OTCBB: USBF) (Pending name change) is an emerging direct navigation online media Company. Publicly traded FTS Group (OTCBB: FLIP) owns 60% of the Company. Its domain assets include: TheDirectory.com, Therapists.net, Auditors.com, SecuritiesAttorney.net, SECLawyer.com, NevadaLawyer.com, LocalAttorney.net, LocalOBGYNs.com, LocalPhysician.com, Passenger.net, eBoxing.com, TheFund.net and many others. The Company is in the process of developing several proprietary direct navigation ad platforms. For additional information about Elysium Internet, Inc. please 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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