TheDirectory.com Inc (SEEK)

[suzook]

Our currently anticipated levels of revenues and cash flow are subject to many uncertainties beyond our control. Even though we have recently become profitable, our cash flow from operations may not be adequate to satisfy our cash requirements required to paying off our outstanding debt under an established revolving credit facility, and thus we may have to raise additional funds. We continue to seek alternative means for financing our debt repayments under our established revolving credit financing facility, and controlling capital expenditures and/or postpone or eliminate certain investments or expenditures.

The inability to obtain additional financing or generate sufficient cash from operations could require us to reduce or eliminate expenditures for acquiring or developing new directories or city guides. Furthermore, if we raise funds through the sale of additional equity securities, the common stock currently outstanding will be diluted.