SOURCE: Elysium Internet, Inc.

Elysium Internet, Inc.

February 02, 2011 09:29 ET

TheDirectory.com Local Search Network Beats Sales Expectations for January

Company Now Expects to Turn Profitable During Q1

TAMPA, FL--(Marketwire - February 2, 2011) - Elysium Internet, Inc. DBA www.TheDirectory.com (PINKSHEETS: EYSM), an emerging leader in the local business search and online marketing space, today announced that it beat sales goals for new accounts during the month of January by more than 15%. The Company now expects to turn to sustainable profitability by the end of March if not sooner.

TheDirectory.com Founder and CEO Scott Gallagher commented, "Since opening our call center back in November we've been able to build a growing reoccurring revenue channel that will allow us to achieve sustainable profitability by the end of the calendar first quarter. During January we beat our internal sales targets by more than 15%. Accordingly, we've increased our sales targets for the month of February, even though it's a short month. At this point we expect February will be breakeven to slightly profitable for us, turning to sustainable profitability by March. The way our model is built, our profits should continue to increase every month after March as we continue to control costs and deliver measurable value to our growing client base of local professionals."

About Elysium Internet, Inc.

Elysium Internet DBA TheDirectory.com, 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
    Email Contact