TAMPA, FL — (Marketwired) — 07/31/13 — TheDirectory.com, Inc. (PINKSHEETS: SEEK) an emerging leader in the Local search space, today announced a strategic partnership with CityGrid Media, a division of IAC. and its network of Local search destinations that include , , , and some 1,000 other domains will have access to City Grid-s 6 Million plus enhanced Local business records and in time 1.5 Million Local advertisers.
TheDirectory.com founder and CEO Scott Gallagher commented, “As evidenced by the number of important partnerships we-ve announced over the past two weeks, we-re heavily involved in the -partner- piece of our build, buy or partner growth plan. We-ve been in discussions at various times over the past few years with City Grid/City Search regarding opportunities in the Local space. We-re very excited to begin a mutually beneficial relationship that will vastly enhance the user experience across our network. Our network is experiencing record traffic so far this year. Our new platform has been designed with one thing in mind; connect Local businesses with Local customers by creating a beautiful user experience. Our final UI changes will be completed over the coming weeks. At that time our platform will be vertically branded and rolled out across the entire network. Partnering with a best in class Local search pioneer like City Grid to distribute Local content across our network not only significantly increases our ability to monetize our traffic, but it enhances the overall user experience throughout our network by connecting quality Local businesses with targeted search users.”
Gallagher went on to say, “For the most part, we have our key strategic partnerships in place. We-ll now be moving to the -build- piece of our growth plan as we seek to monetize these relationships by leveraging the new products and our new platform. Each one of these partnerships brings with it a real revenue opportunity for us. Collectively we now have a best in class offering for both the users of our sites and the Local business clients we serve. If we execute our build, buy or partner strategy effectively over the coming year to 18 months, we can easily see a path to grow our organization into a $10 Million plus a year profitable enterprise. We-ll release our formal revenue and profit projections after we become fully reporting this fall.”
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 , other sites in the network include:, , , and many others. For more information see the Company-s financial statements and related filings on .
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.
Scott Gallagher
727-417-7807
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