TheDirectory.com Issues Shareholder Update
12 June 2014 - 11:30PM
Marketwired
TheDirectory.com Issues Shareholder Update
TAMPA, FL--(Marketwired - Jun 12, 2014) - TheDirectory.com, Inc.
(PINKSHEETS: SEEK), an emerging leader in the Vertical and Local
search space, today released the following business update to its
shareholders:
Dear Shareholders,
I'm pleased to report during the second quarter ended May 31st
our Company improved its business fundamentals in dramatic fashion
as we positioned our Company for future growth. During the quarter
we reduced our debt load by nearly $1 Million, which consequently
increased our stockholders equity to its highest point ever. We
became an SEC exchange act, fully reporting Company when our form
10 went effective and we cleared SEC comments after a full review.
We're creating measurable, real, long term value for our Company as
we enter an exciting new growth phase.
During the quarter we completed the phase 1 build out of
our new 4,600 square foot offices in downtown Red Bank, New Jersey.
Red Bank is now online and will begin contributing to revenue and
earnings growth this quarter. This week we moved into our new
offices in Tampa. The Tampa office will be built out and staffed
over the coming weeks and will contribute to revenue and earnings
growth this quarter as well.
In Q2 we completed our first ever television commercial to
support our first national advertising campaign. The start of
the campaign has been slightly delayed (From June 1st to June 23rd)
while we made some minor changes to our ad and our website as well
as completed our move into the new Tampa office. As mentioned
previously, the national ad campaign is not a short term one month
event for us, it's the beginning of a national branding campaign
that will be running through-out the year and we want to get
it right.
As I've mentioned previously, there is no single leader in our
space, that's common knowledge, the opportunity to become that
industry leader is in front of us. With the building blocks we put
in place during Q2, I believe we are now in a strong position to
seize the opportunity and compete for the top spot in our
space.
As always I appreciate your support of our Company and encourage
each and every shareholder to use our site, provide feedback so we
can continue to improve and help us spread the word.
Stay Tuned,
Scott Gallagher Founder and CEO TheDirectory.com
About TheDirectory.com, Inc.
www.TheDirectory.com network includes over 2,000 locally
targeted Internet domains and websites that generate over 7 million
unique users a month. The Company owns and operates vertical
directories such as www.PodiatristProfiles.com,
www.Chiropractor.net, www.Therapists.net, www.Dietitians.net,
www.DentistAppointments.com and others. The Company also owns and
operates one of the world's largest city guide networks under the
www.HelloNetwork.com brand. For more information or to review the
company's financial and regulatory filings with the Securities and
Exchange Commission go to www.SEC.Gov
Forward Looking Statements
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.
Contact: Scott Gallagher 727-417-7807 Email Contact
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