TheDirectory.com has acquired the website www.BusinessList.com in a cash and debt transaction, no common or preferred shares were issued.
TheDirectory.com Founder and CEO Scott Gallagher commented, “We’re very excited to have acquired the website and business ofwww.BusinessList.com. The acquisition is strategic in nature, and immediately helps us on several fronts relating to the launch of version 2.0 ofwww.TheDirectory.com. Additionally the acquisition is immediately accretive to earnings and opens several new revenue channels for us.” Gallagher continued, “Managing Local business listings across the Internet is a major challenge for small business owners. Our recent partnerships coupled with this acquisition will make our network the leading destination for small businesses to control and manage their Local business listing information on over 100 of the most trafficked websites on the Internet, including all 3 major search engines. This is a multi-million dollar opportunity that we have not previously been involved in.”
USA, Tampa, CA