TAMPA, FL--(Marketwire - December 9, 2010) - Elysium Internet, Inc. DBA www.TheDirectory.com (
Elysium Founder and CEO Scott Gallagher commented, "We're very pleased with the overall progress we've made since formally launching our new sales center on November 1st. Over the next month we'll be analyzing the results we've generated to date to develop and announce our top-line sales targets for all of 2011 quarter by quarter. Additionally, I look forward to providing our stockholders with a set of very specific operating metrics by which they can gauge whether or not we are executing our business plan."
Gallagher continued, "We've sent all of the paperwork to our attorney to complete our formal name change to TheDirectory.com, Inc. In addition to the 2 billion shares recently canceled, we've made the decision to reduce our authorized share count by 1.650 billion from 5.150 billion to 3.5 billion, improving our capital structure further. Our internal business model shows us turning to a net profit during the first quarter of 2011 thereby reducing the need for any outside financing."
Investors should send all questions they would like to be addressed on the call to SG@TheDirectory.com. The Company plans to have an open Q and A session during the call as well.
About Elysium Internet, Inc.
Elysium Internet is an emerging leader in the local advertising, search and publishing space. The Company operates 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.Auditors.com, www.Therapists.net and others. For more information visit the Company web site www.ElysiumInternet.com. Review the Company's other filings on www.OTCMarkets.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 not guarantees of future performance, and actual results or developments may differ materially from projections made. Forward-looking statements are based on estimates and opinions of management at time the statements are made.
Contact Information:
Media Inquiries Contact:
Scott Gallagher
727-417-7807