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Thursday, September 01, 2011 9:01:43 AM
TheDirectory.com to Report First Ever Profitable Quarter on Record Revenues
TAMPA, FL -- (MARKET WIRE) -- 08/25/11 -- TheDirectory.com, Inc. (PINKSHEETS: SEEK) today announced that it expects to report its first ever profit for its third quarter ending August 31, 2011 on record revenue in line with expectations. The Company will report its full Q3 operating statements on September 29, 2011 .
TheDirectory.com Founder and CEO Scott Gallagher commented, "With a week still to go our preliminary operating results reflect our first ever profit for Q3 on record revenues. We fully expect the profitable trend we've created over the past 4 quarters to continue into Q4 and 2012. Our Company has made enormous progress since the launch of our new sales center last fall turning to a sustainable profit in just 3 quarters. Additionally, our balance sheet improved dramatically this quarter as we slashed more than $2.6 million in debt and put TheDirectory.com in a position to become debt free and take advantage of the massive opportunity in the Local search market."
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.
Forward-Looking Statements
Certain statements contained herein are "forward-looking" statements (as defined -- Private Securities Litigation Reform Act of 1995). TheDirectory.com, Inc. cautions that the statements made in this press release constitute forward-looking statements and no guarantees of future performance and actual results or developments may differ materially from projections in forward-looking statements. Forward-looking statements are based on estimates and opinions of management at time the statements are made.
Contact: Scott Gallagher 727-417-7807 Email Contact
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