Local.com(R) Ranked Third Fastest Growing Local Advertising Company in North America

November 5, 2009 7:00 AM EST

Also Named Fifth Fastest Growing Public Company in Orange County, CA

IRVINE, Calif.--(BUSINESS WIRE)-- Local.com Corporation (NASDAQ: LOCM), a leading local search site and network, today announced that local online search research company Borrell Associates recently named Local.com one of the Top 3 fastest-growing local online advertising companies in North America. The company was also ranked 2009's fifth fastest-growing public company by the Orange County Business Journal.

"This is a remarkable feat in a year when ad sales are phenomenally depressed," said Gordon Borrell, leading industry analyst and CEO of Borrell Associates, authors of the report titled 2010 Outlook: Local Interactive Advertising. "Internet advertising is down, but not for Local.com. They are aggressively mining the lucrative new frontier of local."

In its October 6 issue, the Orange County Business Journal reported that Local.com is the fifth fastest-growing public company in the county. "Many people believe that local advertising is one of the largest untapped markets for online media," said Jeff Rath, managing director of technology equity research at Canaccord Adams Inc. in Boston. "Local.com is growing very quickly as more people are searching for local merchants and those merchants are moving more of their ad budgets online."

Local.com recently posted record revenue of $15.1 million for the third quarter 2009, which represents year-over-year growth of 48% from the third quarter 2008. The company also reached record traffic for the third quarter 2009 with 66 million monthly unique visitors (MUVs) on the Local.com site and network, up 22% from 54 million MUVs for the third quarter of 2008.

"Businesses are transitioning more of their advertising spend from a variety of print media to online media because of their return on ad spend," said Heath Clarke, Local.com chairman and CEO. "We believe Local.com is well positioned to provide small businesses with an efficient way to reach new consumers on their computers and mobile devices, and to capture a growing portion of the local online advertising market."

About Local.com(R)

Local.com (NASDAQ: LOCM) owns and operates a leading local search site and private label network in the United States. The company uses patented technologies to provide over 20 million consumers each month with the most relevant search results for local businesses, products and services on Local.com and over 700 regional media sites. Businesses can target ready-to-purchase consumers using a variety of advertising products. To advertise, or for more information visit: www.local.com.

    Source: Local.com

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