TheDirectory.com Inc (SEEK)

[xanada]

TAMPA, FL--(Marketwire - 05/06/11) - Elysium Internet, Inc., dba TheDirectory.com (Pinksheets:EYSM - News), an emerging leader in the local business search and advertising market, today announced that it has entered into an exclusive partnership with local pay-per call provider Yext.com.

TheDirectory.com Founder and CEO Scott Gallagher commented, "We're very excited to announce Yext.com as our exclusive pay per call partner for our local directories. The agreement will open new revenue channels and search categories for www.TheDirectory.com as well as a number of our other local search sites. Additionally, the new local listings and categories will increase the monetization of existing local search queries throughout our network in markets where we do not have a presence. "

Gallagher continued, "We're also very pleased to announce to our stockholders that we have secured an additional 30 day extension (June 15th) from certain debt holders who agreed to continue the freeze on all stock conversions. We'll seek additional extensions after we complete the month of May. We fully expect May to be our 7th consecutive month of top line growth. Lastly, we've recently received an unsolicited offer from an investment group seeking to acquire TheDirectory.com. We're investigating the offer and will release additional comments when our investigation is completed."