SOURCE:, Inc., Inc.

August 19, 2011 09:54 ET Reduces Debt by $350,000; Company Has Reduced Debt by $2.6 Million in August

TAMPA, FL--(Marketwire - Aug 19, 2011) -, Inc. (PINKSHEETS: SEEK) today announced that it will be reducing its outstanding debt level by an additional $350,000 next week. The reduction comes on the heels of the $2.3 Million debt elimination deal announced last week. Additionally, the Company released the conference call reply number.

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Participant Access Code: 830250 Founder and CEO Scott Gallagher commented, "We've now cut our debt from $4.1 Million at the start of Q2 to around $1.5 Million (cut over $2.6 Million) at the end of Q2. Our focus on improving our balance sheet will continue through the end of the year and into 2012 when we hope to exit the year as a profitable, debt-free Company."

TD CEO Scott Gallagher was also recently interviewed on the investor website,

About, Inc., is a local Internet Media network that owns and operates locally targeted category specific search destinations including several which are leaders in their vertical markets including In addition to the network includes,,, and many others. For more information visit the Company's Investor web site Review the Company's other filings on

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Certain statements contained herein are "forward-looking" statements (as defined -- Private Securities Litigation Reform Act of 1995)., 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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