TheDirectory.com Reduces Debt by $350,000; Company Has Reduced Debt by $2.6 Million in August
(firmenpresse) - TAMPA, FL -- (Marketwire) -- 08/19/11 -- TheDirectory.com, Inc. (PINKSHEETS: SEEK) today announced that it will be reducing its outstanding debt level by an additional $350,000 next week. The reduction comes on the heels of the $2.3 Million debt elimination deal announced last week. Additionally, the Company released the conference call reply number.
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TheDirectory.com Founder and CEO Scott Gallagher commented, "We've now cut our debt from $4.1 Million at the start of Q2 to around $1.5 Million (cut over $2.6 Million) at the end of Q2. Our focus on improving our balance sheet will continue through the end of the year and into 2012 when we hope to exit the year as a profitable, debt-free Company."
TD CEO Scott Gallagher was also recently interviewed on the investor website ChartPoppers.com, .
TheDirectory.com, is a local Internet Media network that owns and operates locally targeted category specific search destinations including several which are leaders in their vertical markets including . In addition to the network includes , , , and many others. For more information visit the Company's Investor web site . Review the Company's other 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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Datum: 19.08.2011 - 07:54 Uhr
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