October 7, 2008
Elysium Internet Q3 Sequential Sales Increase More Than 100%
Elysium Internet, Inc. (OTCBB: EYSM), a next generation Internet advertising and new media Company, today announced that it expects to report a sequential sales increase in excess of 100% for its fiscal third quarter ended August 31, 2008 fueled by increases in sign-ups to its targeted Internet Directories. Elysium anticipates filing its third quarter form 10Q with the Securities and Exchange Commission within days.
Elysium Internet CEO Scott Gallagher commented, "We're pleased to see such a positive early response from the launch of several of our new Internet Directories. In Q3 the majority of our sign-ups came through www.Therapists.net. So far in the first month or so of our fiscal Q4 we're seeing www.DietitiansDirectory.com generate the best results in our portfolio. Heading into 2009 and beyond, we expect www.Podiatrists.com, www.Pediatricians.com, www.Auditors.com and Psychiatrists.com to become the main revenue drivers as we emerge from a start-up venture into a profitable high growth Internet media Company." Gallagher went on to say, "In these uncertain economic times our cost effective advertising and Internet solutions are being very well received, as are the natural page one Google ranking of sites like www.DietitiansDirectory.com and www.Auditors.com. We've begun monetizing all top domains in our portfolio and expect further top line sales increases during the remainder of 2008 and into the first half of 2009."
About Elysium Internet, Inc.
Elysium Internet, Inc.'s (OTCBB: EYSM) domain assets and directories include: www.Podiatrists.com, www.Auditors.com, www.Pediatricians.com, www.DietitiansDirectory.com, Psychiatrists.com, www.Therapists.net, www.TampaBayJobListings.com and many others. The Company has developed a proprietary direct navigation directory platform and local search platform. For additional information go to www.ElysiumInternet.com. Elysium Internet, Inc. also owns 51% of Local Jobs, Inc. and 51% of Dice Ventures, Inc. Review the Company's quarterly, annual and other filings with the Securities and Exchange Commission at http://www.SEC.gov.
Included in this release are certain "forward-looking" statements, involving risks and uncertainties, which are covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including statements regarding the Company's financial performance. Such statements are based on management's current expectations and are subject to certain factors, risks and uncertainties that may cause actual results, events and performance to differ materially from those referred to or implied by such statements. In addition, actual future results may differ materially from those anticipated, depending on a variety of factors, sales and earnings growth, general economic conditions affecting consumer spending, including uncertainties relating to global political conditions. Information with respect to important factors that should be considered is contained in the Company's Annual Report on Form 10-K and 10-K/A as filed with the Securities and Exchange Commission. Readers are cautioned not to place reliance on these forward-looking statements, which speak only as of the date hereof.
Media Inquires Contact: Scott Gallagher 727-417-7807 Email Contact
SOURCE: Elysium Internet, Inc.