TheDirectory.com Releases Shareholder Update
July 17 2013 - 9:00AM
Marketwired
TheDirectory.com, Inc. (PINKSHEETS: SEEK), an emerging leader in
the Local search space, today announced that it will host an
investor conference call on July 23rd after the market closes.
Additionally the Company provided the following business update to
its shareholders in the form of the following letter from the CEO:
Dear Shareholders,
I am pleased to report that last week OTC Markets removed the
"stop sign" that had been placed on our stock and upgraded us to
OTC Pink limited information. It has been a transitional year for
the Company so far and this was the first step of our plan to
upgrade our Company to Fully Reporting status by the end of
2013.
We're coming off the heels of multiple buy-out offers during
2012 by Internet Brands, Inc. (a $100 Million plus privately held
Company), a complete revamp of our Local search platform and our
ongoing efforts to close a $1.9 Million acquisition. As we emerge
from this period and resume our efforts to transform our Company
into an SEC Exchange Act Reporting Company and capitalize on the
opportunities in front of us, I'd like to provide shareholders with
an overview of our business plans moving forward that we believe,
if executed properly, will result in a multi-million dollar
profitable Local Internet Search Company. To expand on the details
of the keys points I discuss in this letter we'll be hosting an
investor conference call after the market closes on July 23rd.
SEC Reporting
First and foremost our plan is to resume our activities to
complete the necessary audited financial statements to once again
become an SEC exchange Act Reporting Company as soon as possible.
This is probably, at this point, the most important step in our
plan if we are to be taken seriously by quality investment banks
and possible acquisition candidates. During our recent attempt to
finance and close our previously announced acquisition target, we
received very positive indications of interest from several large
Institutional investors in regards to funding our business plan and
acquisition strategy going forward. I firmly believe that when the
reporting uncertainty is removed we'll have several high quality
options in regards to financing our future growth and acquisition
plans.
Acquisitions
In addition to our previously announced acquisition, which we're
still pursuing, we have several other acquisition targets in mind.
Our strategy of build, buy or partner means that we are always
looking for opportunities specifically in the areas of mobile and
video to grow our core Local search business. We've developed a
comprehensive acquisition strategy that we'll be ready to execute
as soon as we become a fully reporting Company again. Going
forward, strategic acquisitions will provide us with both the
revenue and profit levels that should help us attract the attention
of national advertisers and large investors/funds as well as a
future up-listing of our securities to a national exchange. The
market for acquisitions in our space is robust on all levels.
Partnerships and Growth
In order to achieve our goals of build, buy or partner to grow,
based on our current size and structure of our Company, we'll need
to partner with other Industry leading technology Companies that
can provide us with access to cutting edge technology and products
that, when coupled with our portfolio of products and services will
deliver a combined offering not currently available in the SMB
market today. Products drive traffic and traffic drives revenue.
We're focusing on the areas of both Mobile and Video as these are
the areas that advertisers are the most concerned with. We have
several agreements already in place that we'll be announcing
shortly to roll out industry leading products and services coupled
with our core products to both new and existing clients. We've
identified additional Companies and are currently in talks with,
whose products and services can affect our business in a positive
way when bundled with ours, and will help fuel our future growth
without the large investments and time devoted to development.
The Market and the Opportunity
The market for our products and services is huge, worth many
billions a year, we all know that. Change at the top has been
happening, albeit slowly, it's still happening. With the recent
growth in mobile, video and Internet search in general, the 150
year old multi-billion dollar a year yellow page business model has
essentially collapsed and been replaced. During this process the
mobile/video space in particular has become highly fragmented.
Opportunity in just the mobile space alone is huge right now with
no clear leader. To me this is the most exciting part of what we're
trying to do. We'll launch our first Local search mobile app during
2013 and we'll launch a video product this year that we think Local
businesses will gravitate to. Mobile and Video search will be the
future of TheDirectory.com, it provides us with an enormous
opportunity to grab critical market share. It will take quality
products and execution to get to the next level, we think we can
deliver both, we have the digital assets and the people required to
get the job done.
Timing can be the most important part of any businesses success
in the long run and I believe our timing could not be better. There
is no leader in the mobile/video space for local businesses right
now. Because of the events occurring at the top of the Local search
eco-system, we have an opportunity to capitalize on this massive
opportunity and grab a share of this multi-billion dollar a year
business.
We've already had a $100 Million dollar Company owned by a $20
Billion hedge fund make us multiple, unsolicited, buy-out offers.
We own one of the best domain portfolio's in our space. We've
received a positive response from very high quality Wall Street
firms, not the typical micro-cap players. So clearly we're in the
right place at the right time, it's now down to strategy and
execution. Step one is to get fully reporting ASAP. That will put
us in a position to build a profitable, multimillion dollar Company
that creates shareholder value. I'll get into the details of our
plans on the conference call next week. One thing is clear, the
future is bright and we're excited to start the process of building
our brand into a household name, creating shareholder value and
becoming a serious player in the Local search space. As always I
appreciate your support in our Company.
Best Regards,
Scott Gallagher Founder and CEO TheDirectory.com
About TheDirectory.com,
Inc.
TheDirectory.com is a diversified Local and Vertical 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.Chiropractor.net, www.Therapists.net,
www.Dietitians.net and many others. For more information see the
Company's financial statements and related filings on
www.OTCMarkets.com.
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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