SOURCE: TheDirectory.com, Inc.
March 18, 2014 16:05 ET
TAMPA, FL--(Marketwired - Mar 18, 2014) - TheDirectory.com, Inc. (PINKSHEETS: SEEK), an emerging leader in the vertical and Local search space, today announced that it generated record revenue and profits during its fiscal first quarter of 2014 ending February 28th.
TheDirectory.com founder and CEO Scott Gallagher stated, "This continues to be a very exciting time for our Company and I'm very pleased to announce that we generated record revenue of $801,924 during the first quarter of 2014 for a gain of more than 700% when compared to revenue of $100,259 for the same period of 2013. The Company generated record profits of $212,749 during the quarter compared to net income of $9,544 for the same period of 2014, and lastly we were able to pay down over $300,000 in debt during the quarter. The growth was fueled by our increased ability to grow and monetize traffic levels as a result of our $1.3 Million financing closed in October." Gallagher continued, "We'll be filing our full Q1 financial statements with the Securities and Exchange Commission after the market closes on April 10, 2014. According to our understanding of the process, the up-listing to the OTCQB will be completed within 48 hours of that filing. We'll be hosting our next shareholder conference call on Monday April 14th after the market close."
About TheDirectory.com, Inc.
www.TheDirectory.com network includes over 2,000 locally targeted Internet domains and websites that generate over 6 million unique users a month. The Company owns and operates vertical directories such www.PodiatristProfiles.com, www.Chiropractor.net, www.Therapists.net, www.Dietitians.net, www.DentistAppointments.com and others. The Company also owns and operates one of the world's largest domain centric city guide networks under the www.HelloNetwork.com brand. For more information see the company's financial statements and related filings on www.OTCMarkets.com or www.SEC.Gov.
Certain statements contained herein are "forward-looking" statements (as defined -- Private Securities Litigation Reform Act of 1995). TheDirectory.com, 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.
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