TAMPA, FL--(Marketwire - October 5, 2010) - Elysium Internet, Inc., dba TheDirectory.com (
TheDirectory.com Founder and CEO, Scott Gallagher, commented, "We're aggressively executing our business plan with the recent launch of www.TheDirectory.com and our new sales center. Additionally, increasing investor transparency has been a key focus of ours for a long time. We have made the business decision to begin reporting our financials, share structure and attorney letter through the OTC Markets system. We've applied for and been approved by OTC Markets to begin filing reports under their system. We've retained an attorney to complete the verification process and expect to complete our initial disclosure filing within the next two weeks."
Gallagher continued, "We've been advised that these moves when completed will remove the 'Caveat Emptor' tier designation currently on our stock and elevate us to a 'Current Information' tier. In addition, the OTC Markets forum provides us with a cost effective solution that allows us to greatly improve transparency going forward while not hindering our growth plans in the short term."
About 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 www.TheDirectory.com, www.Podiatrists.com, www.Chiropractor.net, www.Psychiatrists.com, www.Pediatricians.com, www.Dietitians.net, www.Auditors.com, 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
This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events or results to differ materially from those projected in the forward-looking statements as a result of various factors and other risks. You should consider these factors in evaluating the forward-looking statements included herein, and not place under reliance on such statements. The forward-looking statements in this release are made as of the date hereof and Elysium Internet and theDirectory.com take no obligation to update such statements.