TAMPA, FL--(Marketwire - June 7, 2010) - Elysium Internet, Inc. (
Elysium Founder Scott Gallagher commented, "We're pleased to announce to our stockholders that we have significantly expanded our business by securing a new sales and operations center for TheDirectory.com in Tampa, Florida. The new sales center will allow us to aggressively ramp up sales of our recently launched local search engine www.TheDirectory.com. We'll be hiring at least 15 new sales related employees as well as some operations and tech support staff members to facilitate the expansion. The expansion should add several million in revenue to our top-line and be immediately accretive to earnings leading to a profitable year."
Gallagher continued, "I believe we are in the right place at exactly the right time. Local Internet advertising is the fastest growing sector of the multi-billion advertising market. The metrics are in our favor in a huge way and we already own enough Internet real estate to maximize the opportunity. Recent studies suggest as many as 97% of consumers use online media before making an online or offline purchases. Yet less than half of the small businesses in the US even have a website, let alone an online advertising campaign. We plan to fill that void for small businesses by leveraging the traffic of www.TheDirectory.com network as well as our relationships with Google and other local players to increase the ROI of our SMB Clients. We've secured partnerships with several local Internet Companies that have received well over $50 Million in VC Financing and are generating over $100 Million in annual sales, which proves that local works. These relationships will allow us to increase revenue immediately while we target our sales efforts on specific markets based on our domain portfolio and internal revenue expectations."
Elysium Internet, Inc.
Elysium Internet 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 http://www.TheDirectory.com/, http://www.Podiatrists.com/, http://www.Chiropractor.net/, http://www.Psychiatrists.com/, http://www.Pediatricians.com/, and others. For more information visit the Company web site http://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.
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Scott Gallagher
727-417-7807