( FLIP ) ~ Elysium Internet Restructures Acquisition of Dice Ventures, Inc. Elysium Internet, Inc. (OTCBB: USBF) (Pending Name Change from US Biodefense), an emerging direct navigation Internet Media Company, today announced that it has restructured its acquisition of Canadian Internet Media and Technology Company Dice Ventures, Inc. Elysium now owns 51% and Dice Ventures CEO Marco Janeczek owns the other 49% of the Company. Elysium also finalized a new consulting agreement with Mr. Janeczek.
Elysium Internet, Inc. Chairman and CEO Scott Gallagher commented, "Having recently completed the liquidity event that resulted in Elysium Internet becoming a stand alone public Company we've restructured our acquisition of Dice Ventures and its CEO Marco Janeczek to better leverage the opportunities of both organizations going forward. Elysium now owns 51% of DV and will work with Mr. Janeczek's European partners including H-Farm on future Internet and domain related projects in the US scheduled for later this year. Marco will remain as CEO of Dice Ventures and manage its entire domain portfolio and technology development and deployment. The combination of Marco's team, domain portfolio and global resources coupled with our domain portfolio, directory model and US resources we think will propel Elysium to the forefront of the Internet media/domain business space."
Dice Ventures, Inc. CEO Marco Janeczek commented, "I am very happy to close this transaction with Elysium. I believe that with Scott's experience in the public equity markets and his passion for the Internet, both Dice Ventures and Elysium Internet will become leaders in the domain name monetization space, as well as build out exclusive single domain names into stand alone money making businesses."
Marco Janeczek has been in the Internet business since the early days. Founder of a number of startups, including Perfumes.ca, a competitive player in the online fragrance arena, Euro Bit Consulting, a $2M dollar company in the IT consulting business, and Bank Medical Center, a 17-physician and 52-staff medical center.
He has been a key player in the growth of Phone Pages, a Montreal-based yellow pages listing telemarketing center, as the co-founder, bringing the company to seven digit sales and pushing an exit strategy, at the same time becoming the founder of a domain name business Planet Domains with 6500 domains.
Mr. Janeczek has been involved in a number of online firms and currently is the CEO of Italy-based Zooppa.com and CEO of a European-based domain name initiative all growing in H-Farm. Mr. Janeczek sits on the board of a number of startup and Internet incubators/accelerators, including an Italian-based fund h-farm, where he is the chief strategy officer and one of the main players involved in financing startups and investments. He is also involved in a number of Seattle-based companies, backed by VCs and strategically positioned startups with key industry players.
Mr. Janeczek has been described by some as a visionary person, applying well thought out business models to domain names and securing industry partners for the business.
About Elysium Internet, Inc.
Elysium Internet, Inc. (OTCBB: USBF) is an emerging direct navigation online media Company. Its domain real estate includes: TheDirectory.com, Auditors.com, Therapists.net, 144d.com, SecuritiesAttorney.net, SECLawyer.com, NevadaLawyer.com, LocalAttorney.net, LocalOBGYNs.com, LocalPhysician.com, Passenger.net, eBoxing.com, TheFund.net and many others. The Company is in the process of developing several proprietary direct navigation ad platforms. For additional information about Elysium Internet, Inc. please review the Company's quarterly, annual and other filings with the Securities and Exchange Commission at http://www.SEC.gov. Elysium's largest stockholder is publicly traded FTS Group, Inc. (OTCBB: FLIP) which owns 60% of the Company.
Forward-Looking Statements
Included in this release are "forward-looking" statements, involving risks and uncertainties, which are covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including statements regarding the Company's financial performance. Such statements are based on management's expectations and are subject to certain factors, risks and uncertainties that may cause actual results, events and performance to differ materially from those referred to or implied by such statements. In addition, actual future results may differ materially from those anticipated, depending on a variety of factors, sales and earnings growth, general economic conditions affecting consumer spending, including uncertainties relating to global political conditions. Information with respect to important factors that should be considered is contained in the Company's Annual Report on Form 10-K and 10-K/A as filed with the Securities and Exchange Commission. Readers are cautioned not to place reliance on these forward-looking statements, which speak only as of the date hereof.
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