Elysium Internet Announces Plans to Launch Price Comparison Search Engine CheaperPharmacy.com
Monday June 9, 9:15 am ET
OLDSMAR, FL--(MARKET WIRE)--Jun 9, 2008 -- Elysium Internet, Inc. (OTC BB:
USBF.OB -
News) (Pending name change), an emerging direct navigation Internet media Company, today announced plans to launch CheaperPharmacy.com, a comparison search engine of prices in the health space in mid to late July.
Elysium Internet Chairman and Chief Executive Officer Scott Gallagher commented, "We plan to position CheaperPharmacy.com as a leading price comparison search engine initially through the rollout of our premium health related directories; www.Therapists.net, Pediatricians.com, Psychiatrists.com and Podiatrists.com. In January of this year the health category received 437 million online visitors, with 87 Million unique visitors. These statistics coupled with the aging baby boom population and weak US economy illustrate the ongoing need for clarity of pricing in this hugely important online sector."
Jupiter research estimates that the market for indirect or Internet influenced sales of health products and services will grow to $11 Billion by 2010. The average annual US household spend in the health and beauty category is in the range of $2,900 per year, and 71% browse multiple online stores prior to completing a purchase.