Replies to post #75143 on TheDirectory.com Inc (SEEK)

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Great you can see it too. He is intentionally underplaying the revenue that will come. In order the surprise the investors with higher estimates. WallStreet CEO's do it all the time. Remember he said after up-listing

We'll release our formal revenue and profit projections after we become fully reporting this fall."

And yes the one thing that was missing all this time Financing, we now have. See below....

TheDirectory.com founder and CEO Scott Gallagher stated, "I'm very pleased to announce today's news to our stockholders, we've added tremendous value to our Company. Both the acquisition and the financing agreements that closed yesterday are game changing events for us. The asset purchase places TheDirectory.com on track to generate full year revenues in the range of $4.5 to $6 Million for 2014 with net income in the range of $1.4 to $2 Million. Our network reach now extends beyond 5 million unique users per month in an array of verticals. The funding facility essentially provides us with the financial backing we've been lacking over the past few years in order to facilitate our build, buy or partner growth strategy."

Gallagher went on to say, "For the most part, we have our key strategic partnerships in place. We'll now be moving to the 'build' piece of our growth plan as we seek to monetize these relationships by leveraging the new products and our new platform. Each one of these partnerships brings with it a real revenue opportunity for us. Collectively we now have a best in class offering for both the users of our sites and the Local business clients we serve.

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