SOURCE: Elysium Internet, Inc.

Elysium Internet, Inc.

April 25, 2011 10:04 ET

TheDirectory.com Q1 Top Line Surges Over 90% Year Over Year; Company Expects Q2 Sequential Growth of Over 100% and First Ever Full Quarter Net Profit in Q3

TAMPA, FL--(Marketwire - Apr 25, 2011) - Elysium Internet, Inc. DBA www.TheDirectory.com (PINKSHEETS: EYSM), an emerging leader in the Local Business Search market , today announced preliminary revenue results for its first quarter ending February 28th, 2011. Additionally the Company gave a Mid Q2 update and provided additional revenue guidance.

www.TheDirectory.com Founder and CEO Scott Gallagher commented, "We're very pleased to report to our shareholders that since we began ramping up our sales channel last November we nearly doubled our year over year revenue during the first quarter growing the top line by over 90%. During Q1 of 2010 we did $24,955, during Q1 of 2011 we generated $47,931 in sales for a growth rate of over 90%. Based on our business model we expect the trend to continue. During Q2 of 2010 we generated top line sales of $29,763. We're not even two full months into the second quarter and we have already generated over $54,000 in sales beating the full Q1 of this year with over a month to go."

Gallagher continued, "At this point we're comfortable projecting a revenue range of $90K to $110K for Q2. That would be over 100% of sequential quarterly revenue growth and year over year growth of over 300%. While we still expect to post an operating loss for the first half of the year, we expect to turn breakeven in May and generate our first ever full quarter net profit during Q3 of this year."

Elysium Internet, Inc. hosted a shareholder conference call on Thursday April 21st, 2011. A recorded version on the call will be available on its website. The Company expects to file its full first quarter operating results on OTCMarkets.com upon completion of the accounting and legal review.

About Elysium Internet, Inc.

Elysium Internet, Inc., DBA www.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.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