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TheDirectory.com Acquires BusinessList.com(November 28, 2011)
TAMPA, FL -- (Marketwire) -- 11/28/11 -- TheDirectory.com, Inc. (PINKSHEETS: SEEK) today announced that it has acquired the website www.BusinessList.com in a cash and debt transaction, no common or preferred shares were issued.
TheDirectory.com Founder and CEO Scott Gallagher commented, "We're very excited to have acquired the website and business of www.BusinessList.com. The acquisition is strategic in nature, and immediately helps us on several fronts relating to the launch of version 2.0 of www.TheDirectory.com. Additionally the acquisition is immediately accretive to earnings and opens several new revenue channels for us." Gallagher continued, "Managing Local business listings across the Internet is a major challenge for small business owners. Our recent partnerships coupled with this acquisition will make our network the leading destination for small businesses to control and manage their Local business listing information on over 100 of the most trafficked websites on the Internet, including all 3 major search engines. This is a multi-million dollar opportunity that we have not previously been involved in."
About TheDirectory.com, Inc.
TheDirectory.com is a diversified Local Internet search company that owns and operates a network of locally targeted category specific search destinations anchored by its Local business search engine www.TheDirectory.com, other sites in the network include: www.BusinessList.com, www.Podiatrists.com, www.Chiropractor.net, www.Therapists.net, www.DentistAppointments.com, www.Dietitians.net and many others. For more information visit the Company's Investor web site www.TheDirectory.tv. Review the Company's financial statements and related filings on www.OTCMarkets.com.
Certain statements contained herein are "forward-looking" statements (as defined -- Private Securities Litigation Reform Act of 1995). TheDirectory.com, Inc. cautions that the statements made in this press release constitute forward-looking statements and no guarantees of future performance and actual results or developments may differ materially from projections in forward-looking statements. Forward-looking statements are based on estimates and opinions of management at time the statements are made.
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