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Replies to post #115811 on TheDirectory.com Inc (SEEK)
06/16/14 4:42 PM
$4.5 to $6 Million for 2014 with net income in the range of $1.4 to $2 Million
TheDirectory.com also announced today that it has secured a $5 Million credit facility from TCA Global Fund. The initial draw was $1.3 million in cash allowing TheDirectory.com to close its purchase.
TheDirectory.com also announced today that it has secured a $5 Million credit facility from TCA Global Fund. The initial draw was $1.3 million in cash allowing TheDirectory.com to close its purchase.
During the quarter we reduced our debt load by nearly $1 Million, which consequently increased our stockholders equity to its highest point ever. We became an SEC exchange act, fully reporting Company when our form 10 went effective and we cleared SEC comments after a full review. We're creating measurable, real, long term value for our Company as we enter an exciting new growth phase.
During the quarter we completed the phase 1 build out of our new 4,600 square foot offices in downtown Red Bank, New Jersey. Red Bank is now online and will begin contributing to revenue and earnings growth this quarter. This week we moved into our new offices in Tampa. The Tampa office will be built out and staffed over the coming weeks and will contribute to revenue and earnings growth this quarter as well.
We now own and operate a ‘Hello’ branded city guide site for every major market in the United States, including New York City, Los Angeles, Chicago, and several international markets including Paris, Dublin, Tokyo, Sydney and Toronto. We generate revenue from business listings and advertisements placed on the Hyper-Local(TM) City Guide Network, similar to TheDirectory.com.
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