SOURCE: Elysium Internet, Inc.

Elysium Internet, Inc.

March 04, 2010 07:00 ET

Elysium Internet Posts First Ever Monthly Operating Profit on Record Traffic, Call Volume and Appointment Levels

TAMPA, FL--(Marketwire - March 4, 2010) -  Elysium Internet, Inc. (PINKSHEETS: EYSM), an emerging leader in performance-based local online advertising, today announced that during the month of February the Company posted its first ever monthly operating profit.

Elysium Internet Founder and Chief Executive Officer Scott Gallagher commented, "I am very pleased with our operating results achieved so far for Q1. We fully expect the current trends to continue into March and throughout the rest of 2010. Additionally, the significant improvement in our operating results and network traffic compared to the same period a year ago reflect our continuing efforts to adapt and improve our business model and overall strategy." Gallagher went on to say, "In addition to turning a profit in February, both our call volume and appointment levels continued to post strong double digit growth rates. We generated gross profit margins of 68%. Our year-over-year network traffic increased by more than 550% and we've identified several new opportunities to further monetize our traffic and grow profits heading into March and Q2."

Elysium's leading network sites for February were www.Podiatrists.com, www.Chiropractor.net and www.Therapists.net.

About Elysium Internet, Inc.

Elysium Internet 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 targeted professional directories over category killer Dot Com and Dot Net domain names such as www.Podiatrists.com, www.Chiropractor.net, www.Psychiatrists.com, www.Pediatricians.com, www.Auditors.com, www.Therapists.net, www.Dietitians.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

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 no 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