TheDirectory.com Completes Record Setting Quarter: Q1 Revenue Surges Over 700%; Profit Jumps to a Record $212,749: Company Re...
March 18 2014 - 3:05PM
Marketwired
TheDirectory.com Completes Record Setting Quarter: Q1 Revenue
Surges Over 700%; Profit Jumps to a Record $212,749: Company
Reduces Debt by Over $300,000
TAMPA, FL--(Marketwired - Mar 18, 2014) -
TheDirectory.com, Inc. (PINKSHEETS: SEEK), an emerging leader
in the vertical and Local search space, today announced that it
generated record revenue and profits during its fiscal first
quarter of 2014 ending February 28th.
TheDirectory.com founder and CEO Scott Gallagher stated, "This
continues to be a very exciting time for our Company and I'm very
pleased to announce that we generated record revenue of $801,924
during the first quarter of 2014 for a gain of more than 700% when
compared to revenue of $100,259 for the same period of 2013. The
Company generated record profits of $212,749 during the quarter
compared to net income of $9,544 for the same period of 2014, and
lastly we were able to pay down over $300,000 in debt during the
quarter. The growth was fueled by our increased ability to grow and
monetize traffic levels as a result of our $1.3 Million financing
closed in October." Gallagher continued, "We'll be filing our full
Q1 financial statements with the Securities and Exchange Commission
after the market closes on April 10, 2014. According to our
understanding of the process, the up-listing to the OTCQB will be
completed within 48 hours of that filing. We'll be hosting our next
shareholder conference call on Monday April 14th after the market
close."
About TheDirectory.com, Inc.
www.TheDirectory.com network includes over 2,000 locally
targeted Internet domains and websites that generate over 6 million
unique users a month. The Company owns and operates vertical
directories such www.PodiatristProfiles.com, www.Chiropractor.net,
www.Therapists.net, www.Dietitians.net, www.DentistAppointments.com
and others. The Company also owns and operates one of the world's
largest domain centric city guide networks under the
www.HelloNetwork.com brand. For more information see the company's
financial statements and related filings on www.OTCMarkets.com or
www.SEC.Gov.
Forward-Looking Statements
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.
Contact: Scott Gallagher 727-417-7807 Email Contact
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