TheDirectory.com Agrees to Acquire Top Level Domain Portfolio and Directory Platform
April 02 2015 - 5:01PM
Business Wire
Company to Make Aggressive Push into the
Legal Marketing Space
TheDirectory.com, Inc. (OTC PINK: SEEK), an emerging leader in
the Vertical and Local search space, today announced that it has
signed two letters of intent to acquire a top level domain
portfolio and directory platform and that it will form a new joint
venture for the legal marketing space.
Company Founder and CEO Scott Gallagher stated, “Today we take a
very important step forward in our quest to become a major player
in the vertical search space. In addition to agreeing to acquire a
portfolio of top tier vertical brands, Mr. Anthony McDermott, the
founder of SWI Digital, Inc. has agreed to join TheDirectory.com as
a consultant to develop a new legal vertical.”
Mr. McDermott is one of the pioneers of the legal vertical
search space, having served as the founder and president of SWI
Digital, Inc., a Full Service Multimedia and Lead Generation
Company primarily focused in the legal space. The Company’s
business model was built around the online advertising marketplace.
SWI managed over 31,000 websites that provided exclusive
advertising and lead generation services through its brands such as
LawFirms.com, PersonalInjuryLawyer.com and MedicalMalpractice.com.
In 2007 Mr. McDermott sold SWI to GeoSign Corp., an American
Capital Company for $28 million in cash and $10 million in
stock.
The top tier vertical brands being acquired by TheDirectory.com
are: Divorces.com, BankruptcyLawyers.com, BankruptcyLawyers.net,
EstatePlanningLawyers.com, EstatePlanningLawyer.com,
WorkersCompLawyers.com, WorkersCompLawyer.com,
SocialSecurityLawyers.com, SocialSecurityLawyer.com,
InvestmentBanker.com, FinancialPlanners.com, AutoRepairs.com,
BodyShops.com, Sportsbars.com and EquipmentRentals.com.
TheDirectory.com expects to close this transaction by May 1st,
2015.
About TheDirectory.com Inc.
www.TheDirectory.com network includes over 2,000 locally
targeted Internet destinations that collectively generate nearly
100 million unique users annually. The Company owns and operates
vertical directories such as www.Podiatrist.net,
www.Chiropractor.net, www.Therapists.net,
www.DentistAppointments.com, www.123HomeRepair.com and others. The
Company also owns and operates one of the world's largest city
guide networks under the “Hello” branded group of sites such as
www.HelloTampa.com. For more information or to review the company's
financial and regulatory filings with the Securities and Exchange
Commission go to 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 are
not guarantees of future performance and actual results or
developments may differ materially from projections made in
forward-looking statements. Forward-looking statements are based on
estimates and opinions of management at time the statements are
made and are subject to change.
TheDirectory.com Inc.Scott Gallagher,
727-417-7807SG@TheDirectory.com
TheDirectory com (CE) (USOTC:SEEK)
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