Contact Information: Media Inquires Contact: Scott Gallagher 727-417-7807
Elysium Internet Expects Record Revenue for 2009 First Quarter
| Source: Elysium Internet, Inc.
OLDSMAR, FL--(Marketwire - January 26, 2009) - Elysium Internet, Inc. (OTCBB : EYSM ), a next
generation Internet advertising and new media Company, today announced that
it expects to report record sales and earnings for the first quarter of
fiscal 2009. Elysium's first fiscal quarter of 2009 ends on February 28,
2009. The company expects to report its financial results on SEC form 10-Q
in mid April or sooner.
Elysium Chief Executive Officer Scott Gallagher stated, "Based on current
sales levels and those expected for the remainder of Q1, which ends on
February 28, 2009, we expect Elysium Internet to report record sales of its
Internet marketing and web solutions products and services. In addition, we
expect triple digit growth rates in top-line sales to continue through Q2."
Gallagher went on to say, "In today's economic environment businesses are
looking for the most effective use of their advertising dollars. Elysium's
cost efficient, highly effective directory marketing and Internet business
solutions are adding real value. We're saving our clients money and helping
them grow."
Despite the recession, U.S. search advertising is expected to grow by 15%
this year. In addition, U.S. search ad spending is expected to grow from
$10.7 Billion in 2008 to nearly $20 Billion in 2013 as the Internet ad
market continues to gain market share from old media formats such as print
and radio.
About Elysium Internet, Inc.
Elysium Internet is an emerging leader in the direct navigation/Internet
advertising space. The Company is building a direct navigation based
Internet advertising network. Elysium builds targeted professional
directories over category killer Dot Com and Dot Net domain names such as
Podiatrists.com, Pyschiatrists.com, Auditors.com and others. For more
information visit the Company web site www.ElysiumInternet.com. Review the
Company's quarterly, annual and other filings with the Securities and
Exchange Commission at http://www.SEC.gov.
Forward-Looking Statements
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.