SOURCE: Elysium Internet, Inc.

Elysium Internet, Inc.

March 09, 2011 10:55 ET

TheDirectory.com Sequential Revenue Continues to Surge, Company Expects 5th Consecutive Month of Top-Line Growth

TAMPA, FL--(Marketwire - March 9, 2011) -  Elysium Internet, Inc. DBA www.TheDirectory.com (PINKSHEETS: EYSM), an emerging leader in the Local Business Search Market, today announced that just 9 days into the month of March it has booked 50% of the revenue generated for the entire month of February. The Company now expects to post its 5th consecutive month of top-line revenue growth.

www.TheDirectory.com Founder and CEO Scott Gallagher commented, "We continue to generate record operating results for our Company on all levels. Just 9 days into the month we've already generated over 50% of our total revenue for the entire month of February. In addition to the top-line growth, our call volume and site traffic continue to grow at record levels for us. At this point we are confident that during the month of March we will again post strong month-over-month top line growth for the fifth month in a row."

Gallagher continued, "At our current growth rate, we can now safely predict that our top-line will grow at an annualized rate of 400 to 600% or more for fiscal 2011 versus 2010 based on our current operating results. We'll adjust our annualized targets as we move through the year and have more information on client retention on other variables, but it's safe to say we are growing our business very quickly. We're completing our financial statements for the year-end of 2010 and for our fiscal Q1 of 2011. During the first 9 months of 2010, we had top-line revenue of $101,808."

About Elysium Internet, Inc.

Elysium Internet, Inc. is an emerging leader in the local advertising, search and publishing space. The Company is building 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 filings with the Securities and Exchange Commission at http://www.SEC.gov

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
    727-417-7807