Friday, August 19, 2011 10:01:18 AM
Company Has Reduced Debt by $2.6 Million in August
TheDirectory.com, Inc. (PINKSHEETS: SEEK) today announced that it will be reducing its outstanding debt level by an additional $350,000 next week. The reduction comes on the heels of the $2.3 Million debt elimination deal announced last week. Additionally, the Company released the conference call reply number.
CC Replay Information
Dial in Number: (712)432-0990
Participant Access Code: 830250 (Press #6 two times to fast forward to the Start of Conference Call)
TheDirectory.com Founder and CEO Scott Gallagher commented, "We've now cut our debt from $4.1 Million at the start of Q2 to around $1.5 Million (cut over $2.6 Million) at the end of Q2. Our focus on improving our balance sheet will continue through the end of the year and into 2012 when we hope to exit the year as a profitable, debt-free Company."
TD CEO Scott Gallagher was also recently interviewed on the investor website ChartPoppers.com, http://www.chartpoppers.com/ireports#.
About TheDirectory.com, Inc.
TheDirectory.com, is a local Internet Media network that owns and operates locally targeted category specific search destinations including several which are leaders in their vertical markets including www.Podiatrists.com. In addition to www.TheDirectory.com the network includes www.Chiropractor.net, www.Therapists.net, www.DentistAppointments.com, www.Dietitians.net and many others. For more information visit the Company's Investor web site www.TheDirectory.tv. Review the Company's other filings on www.OTCMarkets.com.
My comments in BOLD and are not part of the press release. WilliamFL
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