SOURCE:, Inc., Inc.

July 13, 2011 11:40 ET Issues Acquisition Update, Company on Track for Ninth Consecutive Month of Top Line Growth

Company Upgraded to OTC Markets "Current Information" Status

TAMPA, FL--(Marketwire - Jul 13, 2011) -, Inc. (PINKSHEETS: EYSM), an emerging leader in the Local Business Search Market, today confirmed that it has been upgraded to OTC Pink Current Information status on Additionally the Company issued a shareholder update regarding various projects and acquisitions it is currently working on. Founder and CEO Scott Gallagher stated, "We're pleased to have our public stock upgraded to current information status by As our business grows we are in a better position to continually improve transparency and financial reporting for the benefit of everything involved with We're now expecting July to be our ninth consecutive month of top line revenue growth in what has so far been an exciting, transformative year for our business. We're actively working on several projects that we feel will position our business for substantial growth both over the near and long term including the launch of version 2 of our flagship local search engine Version 2 will include customizable local search features not currently available in the market today as well as a complete, continually updated searchable database of more than 6 million local businesses. The next generation of TD will also include at least 50 local business categories with a goal of becoming the leading local business search destination in America. We do not have a firm launch date yet as the site is still under development, but it will launch this fiscal year (prior to November 30, 2011)."

Gallagher continued, "Our previously announced acquisition target is moving forward and nearing the final stages. We're tentatively looking at a closing date of late July to early August for this deal once we complete the final few negotiating points and are comfortable with the numbers and the transition process."

About, Inc., Inc. is an emerging leader in the local advertising, search and publishing space. The Company operates a direct navigation-based local search network anchored by its local business search engine builds targeted professional directories over category killer Dot Com and Dot Net domain names such as,,,,,,, and others. For more information visit the Company's Investor web site Review the Company's other filings on

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 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
    Email Contact