A public company, Elysium Internet, Inc. (OTCBB: USBF) in a press release today today announced that it has closed the acquisition of Pediatricians.com, Psychiatrists.com and Podiatrists.com in a deal valued at $1 Million.
Elysium Internet Chairman and CEO Scott Gallagher commented, “With today’s domain acquisitions we have added three of the best currently available dot com domains in the directory space to our growing portfolio. We successfully launched Therapists.net a short time ago. The site nearly surpassed our internal revenue projections for the month in its first full day of operations. We’ll be launching Auditors.com in the next week or so and then look to launch Pediatricians.com, Psychiatrists.com and Podiatrists.com all by the 4th of July.” Gallagher continued, “Having our first 5 directories running and generating cash will enable us to continue to seek out accretive category killer domains like those acquired today, build our Internet real estate portfolio, grow our cash flow and provide significant value for our stockholders.”
About Elysium Internet, Inc.:
Elysium Internet (Pending name change) is an emerging direct navigation online media Company.
Its domain assets include: TheDirectory.com, Therapists.net, Auditors.com, Pediatricians.com, Psychiatrists.com, Podiatrists.com, SECLawyer.com and many more.
According to the Company they are focused on developing the Internet’s leading local directory Company.
Elysium is also in the process of developing several proprietary direct navigation ad platforms.
We will be adding this stock to our Domain Stock Parking index.
Elysium Internet is owned 60% by another Publicly traded company, FTS Group (OTCBB: FLIP).
The stock finished up $.05 at $.35
The company is based in Tampa, Florida and its board of directors are as follows:
Scott Gallagher Chariman of the Board
Mr. Gallagher also serves as Chairman and CEO of FTS Group, Inc. an acquisition and development Company he founded in 2002 and has since built the Company’s revenue base from just over $100,000 in 2003 to more than $7 Million in cash flow positive revenue during 2007.
Since its founding Elysium has amassed a direct navigation Internet real estate portfolio worth millions. Mr. Gallagher believes that by delivering the absolute best user experience on the Internet and building niche brands around premium Internet domains Elysium will become a leader in the exploding Internet Media space.
David Rasmussen Director
Mr. Rasmussen serves as the Chief Operation Officer and a director to FTS Group, Inc. Mr. Rasmussen also serves as the Chief Executive Officer of FTS Group’s wholly-owned subsidiary, See World Satellites, Inc. Prior to joining FTS Group in February 2002, Mr. Rasmussen was employed with ERC, Inc., a subsidiary of General Electric as an IT project Manager. In that position, he was charged with providing IT solutions that enable business to drive core processes and grow profitable relationships. Mr. Rasmussen received a Bachelor’s degree in Computer Technology from Rockhurst University in Kansas City, Missouri. Mr. Rasmussen was in the United States Air Force and Reserves for eight years as a communications specialist.
Since its founding Elysium has amassed a direct navigation Internet real estate portfolio worth millions. Mr. Gallagher believes that by delivering the absolute best user experience on the Internet and building niche brands around premium Internet domains Elysium will become a leader in the exploding Internet Media space.
W. Scott McBride Director
Mr. McBride has served as a Senior Loan Officer at Commerce Bank in New Jersey since March 2006. From February 2002 until joining Commerce Bank, Mr. McBride was a member of the Board of Directors of FTS Group, Inc. Mr. McBride also served as the President of FTS Wireless, Inc., a wholly-owned subsidiary of FTS Group. Prior to joining FTS Group, Mr. McBride was a Security Information Technology (SIT) Consultant, providing services to companies and law enforcement agencies in the SIT industry. Mr. McBride has also served as team technology leader for Datek Online Brokerage Services and as a partner in a real estate development firm. Mr. McBride earned his Bachelor of Arts in Political and Environmental Science from Western State College and his Masters in Teaching from Monmouth University.
E says
Frank mentioned this company a few months ago:
http://www.sevenmile.com/2007-11/elysium-internet-acquires-totally-average-domain-names-issues-press-release-calling-them-great/
Scott (Gallagher?) responds to Franks comments here (comment #14):
http://www.sevenmile.com/2008-03/everybody-sells/
David J Castello says
Smart.
larry fischer says
the quote “deal valued at $1 Million” makes me wonder how much cash was involved. Either way congrats to Tihan.
admin says
Well I know that Psychiatrists.com sold at the TRAFFIC west show in this past February for $88,240.
I have no idea if this group bought it from the auction or got it afterwords.
At the same auction Podiatrists.com was offered at a reserve of $100-250K but it did not sell. However the site websiteproperties.com shows it being sold for $125K..
Pediatricians.com is also showing as being sold by websiteproperties.com for $150K.
So if this company bought all three from these sources, they could or did get them for a total of less than 400K.
Or someone made some money.
Damir says
All I can state here – GREAT NEWS
TheDomains.com – Is a GREAT News forum – PERFECT website – Many Thanks
E says
I’ve got to agree with Damir. MIchael definitely has the best domain blog.. by far.
Fong Ming says
This is great news despite whats happening in our world today.
But in my opinion, they overpaid for 3 domains.
admin says
Fong
They did not overpay if they bought them as I described in my comments above.
if they actually spend $1M then they did overpay
Phil says
Personally, I think they are full of it. They are just advertising their company. It makes for great news that they paid $1 mil. Therapists.net – “The site nearly surpassed our internal revenue projections for the month in its first full day of operations.” Truckloads of BS. Compete and Quantcast show no traffic whatsoever and yahoo says they got 15 inlinks. That’s not a typo, 15 links pointing to Therapists.net. Some of my bad domains that are parked have more inlinks. Maybe they need to mention that their profit projections were $100 and they ended up making $150 for the month.
Anyway, I had a drink or two and maybe I’m overreacting but I still think it makes for great advertising.
I agree this is the best domain blog out there. It’s the only one I actually post comments.
admin says
Phil
Thanks for your kinds words