Elysium Internet, Inc. a member of our domain stock parking index, announced today that it had Completed its Name and Ticker Change.
The company begins trading today under the new 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.
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Nice one – it is time to develop domain names and not park them.