TheDirectory.com Completes Record Setting Quarter: Q1 Revenue Surges Over 700%; Profit Jumps to a Record $212,749: Company Reduces Debt by Over$300,000
TAMPA, FL--(Marketwired - Mar 18, 2014) - TheDirectory.com, Inc. (PINKSHEETS: SEEK), an emerging leader in the vertical and Local search space, today announced that it generated record revenue and profits during its fiscal first quarter of 2014 ending February 28th.
TheDirectory.com founder and CEO Scott Gallagher stated, "This continues to be a very exciting time for our Company and I'm very pleased to announce that we generated record revenue of $801,924 during the first quarter of 2014for a gain of more than 700%when compared to revenue of $100,259 for the same period of 2013. The Company generated record profits of $212,749 during the quarter compared to net income of $9,544 for the same period of 2013, and lastly we were able to pay down over $300,000 in debt during the quarter. The growth was fueled by our increased ability to grow and monetize traffic levels as a result of our $1.3 Million financing closed in October." Gallagher continued, "We'll be filing our full Q1 financial statements with the Securities and Exchange Commission after the market closes on April 10, 2014. According to our understanding of the process, the up-listing to the OTCQB will be completed within 48 hours of that filing. We'll be hosting our next shareholder conference call on Monday April 14th after the market close."
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