Elysium Internet, Inc. Completes Name and Ticker Change
posted on
Jul 28, 2008 05:05AM
Elysium Internet, Inc. Completes Name and Ticker Change
Monday July 28, 7:00 am ET
Company Begins Trading Under New Ticker Symbol "EYSM"
OLDSMAR, FL--(MARKET WIRE)--Jul 28, 2008 -- Elysium Internet, Inc. (OTC BB:
EYSM.OB -
News), a next generation Internet advertising and new media Company, announced that effective today it will begin trading under the ticker symbol "EYSM."
Elysium Internet Founder and CEO Scott Gallagher commented, "We're excited to have completed the lengthy process of changing our name and ticker symbol. We look forward to becoming a profitable public Company and creating increased shareholder value by leveraging our premium Internet domain portfolio which includes: www.Pediatricians.com, www.Therapists.net, www.Auditors.com, Podiatrists.com, Psychiatrists.com and many others." Gallagher continued, "With old media yellow page publishers in a seemingly permanent state of decline, new media Internet directory Companies like ours, that deliver affordable, measurable results to small and medium sized businesses online should thrive for years to come."
In its quarterly wrap-up report, IDC research stated that total U.S. Internet ad spending in the fourth quarter of 2007 (4Q07) grew by nearly 28% over the same quarter in 2006 to $7.3 billion. For the full year 2007, online ad revenue grew 27% year over year to $25.5 billion.