TAMPA, FL--(Marketwire - Aug 11, 2011) - TheDirectory.com, Inc. (
TheDirectory.com Founder and CEO Scott Gallagher commented, "I'm looking forward to reviewing our future growth plans with stockholders relating to our acquisition and $2.3 million debt reduction as we seek to transform our organization into an industry leading, profitable enterprise. To facilitate our expansion plans, we've acquired the domain name The123Network.com. We plan to build a B2B portal dedicated to helping local businesses in any industry leverage our more than 100 category specific 123 branded domains and directory technology platform." Gallagher continued, "With regards to our pending name and ticker change, yesterday we filed additional documents FINRA had requested to complete the process. We hope to have an update regarding timing on the conference call."
About TheDirectory.com, Inc.
TheDirectory.com, is a local Internet Media network that owns and operates locally targeted category specific search destinations including several which are leaders in their vertical markets including www.Podiatrists.com. In addition to www.TheDirectory.com the network includes www.Chiropractor.net, www.Therapists.net, www.DentistAppointments.com, www.Dietitians.net and many others. For more information visit the Company's Investor web site www.TheDirectory.tv. Review the Company's other filings on 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.