TheDirectory.com Inc (SEEK)

[vietmunki]

From an email in January. The update has been a week late so far but we should expect news soon:

"We are on track to having the name change and reduction in authorized completed with the state of Utah by the end of the month. Once that is complete we then notify FINRA to perform a ticker symbol change.

This model of reoccurring revenue compounds every month. We expect to be generating significant cash within the several months. When we reach that point I plan to seek agreement with our debt holders to make cash payments versus debt conversions. As I mentioned on the call, once we have built a solid cash position I plan to seek approval to begin buying shares back. Of course that only makes sense after we have the debt holders agree to not convert for say a year.

We are actively working on the local deals program and I expect to update everyone within the next few weeks with the results of our first campaign. Offering local deals is another great way to increase the revenue we already generate from our existing clients. Make sure to follow our blog at www.ElysiumInternet.com as I am constantly discussing the market and our business."

I believe the corporate site should be completed around this time as well