SOURCE: TheDirectory.com, Inc.
TAMPA, FL--(Marketwire - Aug 22, 2012) - TheDirectory.com, Inc. (PINKSHEETS: SEEK), an emerging leader in the niche vertical and Local search space, today announced its unaudited operating results for the first six months of 2012.
For the six month period ending May 31, 2012 the Company generated total sales of $283,422 compared to sales of $141,304 for the same period of 2011 resulting in a year over year improvement of 101%. The Company generated net income of $77,270 for the six month period ending May 31st 2012 erasing a loss of ($130,319) for the same period during 2011.
TheDirectory.com founder and CEO Scott Gallagher stated, "We're very pleased to report triple digit top line revenue growth for the first half of our fiscal 2012 compared to the same period in 2011. In addition to the strong revenue growth, we once again turned to a profit for the first half of 2012, reversing a loss during the same period a year ago on strong sales of our local business management products and reduced churn." Gallagher continued, "Now that our current financials are completed, we've begun the legal review process required to obtain the remaining necessary documents that will allow us to file our complete financials and upgrade our listing on OTC Markets to OTC Pink Current, thereby removing the stop sign and increasing transparency. We expect this process to be completed in the coming weeks."
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.BusinessList.com, www.Podiatrists.com, www.Pediatricians.com, www.Psychiatrists.com, www.Chiropractor.net, www.Therapists.net, www.DentistAppointments.com, www.Dietitians.net and many others. For more information see 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.