Thursday, October 11, 2012

SEEK - More Gains Coming?

SEEK is looking to get back over $.001.  News out today after the bell may bring the volume to get it there. The stock has started to make a move after hitting fresh lows in early September.  I think the stock could be in the early stages of a rally that will bring the stock back over $.001 a share and ultimately $.002+. Reports Second Consecutive Quarter of Profitability

2012 Revenue Surges 56.6%

TAMPA, FL, Oct 11, 2012 (MARKETWIRE via COMTEX) --, Inc. (PINKSHEETS: SEEK), an emerging leader in the vertical and Local search space, today released preliminary financial results for the first 9 months of its fiscal 2012, the period ending on August 31. founder and CEO Scott Gallagher stated, "We're very pleased to report our second consecutive quarter of profitability on year over year revenue growth of over 56%. Our business this year has grown from $257,209 in 2011 to $404,290 during the same period in 2012. Our core business remains strong as we position the Company to move into new categories that we believe will accelerate our growth heading into 2013. While the transition to new categories has taken longer than we expected, we're very pleased with the relationships we've formed along the way and feel the extra time will serve our business well in the future. The new relationships and improved technology should play an important role in our growth going forward."
Gallagher continued, "We'll be filing our full YTD financial document with OTC Markets shortly, there's been a slight delay with our accounting firm due to the October 15th corporate tax filing deadline. From our side the document is completed and only needs final accounting and legal review to complete our up-listing to OTC Pink Current. Additionally, we'll be holding our next shareholder conference call after the market close on Thursday, November 15th. Additional details will be released."
About, Inc. is a diversified Local and Vertical Internet search company that owns and operates a network of Locally targeted, category specific, search destinations anchored by its Local business search engine, other sites in the network,, and many others. For more information see the Company's financial statements and related filings
Forward-Looking Statements
Certain statements contained herein are "forward-looking" statements (as defined -- Private Securities Litigation Reform Act of 1995)., Inc. cautions that the statements made in this press release constitute forward-looking statements and no guarantees of future performance and actual results or developments may differ materially from projections in forward-looking statements. Forward-looking statements are based on estimates and opinions of management at time the statements are made.
Scott Gallagher
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1 comment:

Amarjeet Prasad said...

Thanks for bringing such wonderful topic

penny stock