TheDirectory.com Inc (SEEK)

[JohnWilliams]

Correct. They acquired the trademark "Hyper Local" in 2013.

TheDirectory.com also announced today that it has secured a $5 Million credit facility from TCA Global Fund. The initial draw was $1.3 million in cash allowing TheDirectory.com to close its purchase.

The acquired assets boost 1580 locally targeted city guides that collectively generate over 5 million unique users per month. The acquired technology will be integrated into TheDirectory.com network. As part of the transaction TheDirectory.com also acquired the trademark to the term "Hyper Local."

http://www.marketwired.com/press-release/thedirectorycom-closes-acquisition-secures-5000000-financing-facility-pinksheets-seek-1837226.htm