TheDirectory.com Inc (SEEK)

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SEEK~~ huge news~~ TheDirectory.com Agrees to Acquire Top Level Domain Portfolio and Directory Platform

Date : 04/02/2015 @ 5:01PM
Source : Business Wire
Stock : Thedirectory.com, Inc. (PL) (SEEK)
Quote : 0.0001 0.0 (0.00%) @ 2:05AM

TheDirectory.com Agrees to Acquire Top Level Domain Portfolio and Directory Platform
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Today : Friday 3 April 2015
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Company to Make Aggressive Push into the Legal Marketing Space

TheDirectory.com, Inc. (OTC PINK: SEEK), an emerging leader in the Vertical and Local search space, today announced that it has signed two letters of intent to acquire a top level domain portfolio and directory platform and that it will form a new joint venture for the legal marketing space.

Company Founder and CEO Scott Gallagher stated, “Today we take a very important step forward in our quest to become a major player in the vertical search space. In addition to agreeing to acquire a portfolio of top tier vertical brands, Mr. Anthony McDermott, the founder of SWI Digital, Inc. has agreed to join TheDirectory.com as a consultant to develop a new legal vertical.”

Mr. McDermott is one of the pioneers of the legal vertical search space, having served as the founder and president of SWI Digital, Inc., a Full Service Multimedia and Lead Generation Company primarily focused in the legal space. The Company’s business model was built around the online advertising marketplace. SWI managed over 31,000 websites that provided exclusive advertising and lead generation services through its brands such as LawFirms.com, PersonalInjuryLawyer.com and MedicalMalpractice.com. In 2007 Mr. McDermott sold SWI to GeoSign Corp., an American Capital Company for $28 million in cash and $10 million in stock.

The top tier vertical brands being acquired by TheDirectory.com are: Divorces.com, BankruptcyLawyers.com, BankruptcyLawyers.net, EstatePlanningLawyers.com, EstatePlanningLawyer.com, WorkersCompLawyers.com, WorkersCompLawyer.com, SocialSecurityLawyers.com, SocialSecurityLawyer.com, InvestmentBanker.com, FinancialPlanners.com, AutoRepairs.com, BodyShops.com, Sportsbars.com and EquipmentRentals.com.

TheDirectory.com expects to close this transaction by May 1st, 2015.