TheDirectory.com Issues Shareholder Update

TheDirectory.com Issues Shareholder Update
  
 

TAMPA, FL--(Marketwired - Jun 12, 2014) - TheDirectory.com, Inc. (PINKSHEETS: SEEK), an emerging leader in the Vertical and Local search space, today released the following business update to its shareholders:

Dear Shareholders,

I'm pleased to report during the second quarter ended May 31st our Company improved its business fundamentals in dramatic fashion as we positioned our Company for future growth. During the quarter we reduced our debt load by nearly $1 Million, which consequently increased our stockholders equity to its highest point ever. We became an SEC exchange act, fully reporting Company when our form 10 went effective and we cleared SEC comments after a full review. We're creating measurable, real, long term value for our Company as we enter an exciting new growth phase.

 During the quarter we completed the phase 1 build out of our new 4,600 square foot offices in downtown Red Bank, New Jersey. Red Bank is now online and will begin contributing to revenue and earnings growth this quarter. This week we moved into our new offices in Tampa. The Tampa office will be built out and staffed over the coming weeks and will contribute to revenue and earnings growth this quarter as well.

In Q2 we completed our first ever television commercial to support our first national advertising campaign. The start of the campaign has been slightly delayed (From June 1st to June 23rd) while we made some minor changes to our ad and our website as well as completed our move into the new Tampa office. As mentioned previously, the national ad campaign is not a short term one month event for us, it's the beginning of a national branding campaign that will be running through-out the year and we want to get it right.

As I've mentioned previously, there is no single leader in our space, that's common knowledge, the opportunity to become that industry leader is in front of us. With the building blocks we put in place during Q2, I believe we are now in a strong position to seize the opportunity and compete for the top spot in our space.

As always I appreciate your support of our Company and encourage each and every shareholder to use our site, provide feedback so we can continue to improve and help us spread the word.

Stay Tuned,

Scott Gallagher Founder and CEO TheDirectory.com

About TheDirectory.com, Inc.

www.TheDirectory.com network includes over 2,000 locally targeted Internet domains and websites that generate over 7 million unique users a month. The Company owns and operates vertical directories such as 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 city guide networks under the www.HelloNetwork.com brand. 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 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