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TheDirectory.com Exits Record Setting Year With Second Consecutive Quarter of Profitability; Year Over Year Sales Jump More Than 300%(December 08, 2011)
TAMPA, FL -- (Marketwire) -- 12/08/11 -- TheDirectory.com, Inc. (PINKSHEETS: SEEK) today announced its unreviewed, preliminary operating results for its fourth quarter and full year ending November 30, 2011.
TheDirectory.com Founder and Chief Executive Officer Scott Gallagher stated, "We're very proud of the results we were able to generate during our fiscal 2011. We grew our top line revenue by 329% and exited the year with a run rate of nearly $500,000 reflecting continued growth from sales levels of less than $100,000 just a year ago. Most importantly we continued to focus on controlling our expense levels which resulted in more than doubling our bottom line profits." Gallagher continued, "We also closed the strategic acquisition of www.BusinessList.com during Q4. Going forward, we expect www.BusinessList.com to play an important role as we expand our portfolio of the products and services we offer Local businesses in 2012 via the launch of version 2.0 of www.TheDirectory.com. During 2011 we successfully transformed our organization into a sustainable, profitable, high growth Company poised for growth heading into 2012."
During the fourth quarter the Company posted record sales of $124,182 and record profits of $31,258.08 versus Q3 sales of $115,905 and profits of $13,491. For the full year the Company posted record sales of $381,391 versus 2010 sales of $88,822. For the full year the Company expects to post a net loss in the range of $70,000 to $85,000. All numbers are preliminary and subject to accounting review and may change.
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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