SOURCE: TheDirectory.com, Inc.
TAMPA, FL--(Marketwire - Mar 28, 2013) - TheDirectory.com, Inc. (PINKSHEETS: SEEK), an emerging leader in the vertical and Local search space, today communicates with its shareholders and to the market in general that the company has signed a term sheet to acquire a privately held Local search Company. The deal is subject to completion of financial and legal due diligence, completion of the definitive agreement and other matters consistent with an acquisition of this type. The transaction is expected to close on or about May 1st.
TheDirectory.com founder and CEO Scott Gallagher stated, "The target Company did over $3.5 million in profitable top-line sales during 2012 and would be a valuable addition to our Company. Upon closing our combined Company would have top-line sales in the range of $4 to $5 Million with expected net income in the range of $600,000 to $1,200,000.We'll be working hard to complete this transaction and won't be commenting on it again until the closing."
About TheDirectory.com, Inc.
TheDirectory.com is a diversified Local and Vertical Internet search company that owns and operates a network of locally-targeted, category-specific, search destinations anchored by its local business search engine www.TheDirectory.com. Other sites in the network include: www.PodiatristProfiles.com, www.Chiropractor.net, www.Therapists.net, www.DentistAppointments.com, www.Dietitians.net, and many others. For more information see the company's financial statements and related filings on www.SEC.gov and www.OTCMarkets.com.
Certain statements contained herein are "forward-looking" statements (as defined -- Private Securities Litigation Reform Act of 1995). TheDirectory.com, 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.