TAMPA, FL--(Marketwire - November 9, 2010) - Elysium Internet, Inc. dba "TheDirectory.com" (
Elysium CEO Scott Gallagher commented, "We're pleased to advise our stockholders that the new sales and support center we opened to facilitate the growth of our local search engine www.TheDirectory.com as well as our portfolio of local vertical search destinations is nearing full capacity. The office is now approximately 70% full and we are actively seeking to fill the remaining seats. We're very pleased with the internal team we've assembled and look forward to building out our outside sales footprint shortly."
Gallagher continued, "In addition to the business developments, we're nearing completion of our filings required to achieve 'current status' through OTC markets. We are confident the required filings will be completed and refilled this week. Additionally I would like to end a rumor circulating regarding our public stock and a reverse stock split. I can say with absolute certainty that there will be NO reverse split of our stock through the end of 2011. While I obviously cannot tell what the future holds, I am personally against reverse stock splits and see no value in doing one at this point. Bottom line, we need to execute on the plan we've spent the past several years developing and we believe the market will take care of itself."
Elysium plans to hold an Investor conference call before the end of the year to disclose certain metrics by which management feels investors can effectively monitor the continuing development of its local online search business.
About EYSM
Elysium Internet is an emerging leader in the local online search and marketing. The Company is building a direct navigation-based Internet advertising network anchored by its local business search engine www.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.
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 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.
Contact Information:
Contact:
Scott Gallagher
727-417-7807