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Local.com Ranked as One of the Fastest Growing Companies in North America on Deloitte's 2011 Technology Fast 500a"

^{Published on 2011-10-20 04:52:21 - Market Wire}
 

IRVINE, Calif.--([ BUSINESS WIRE ])--[ Local.com ] Corporation (NASDAQ: LOCM), a leading online local media company, today announced that it ranked 191st on Deloittea™s Technology Fast 500a" ranking of the 500 fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America.

"Our growth is the result of our team's commitment to delivering leading local media products for consumers, SMBs and our channel partners. I thank Deloitte for their leadership in recognizing Americaa™s fastest growing companies."

"We're honored to be included in the Deloitte Fast 500 for the second straight year,a said Heath Clarke, Local.com chairman and chief executive officer. aOur growth is the result of our team's commitment to delivering leading local media products for consumers, SMBs and our channel partners. I thank Deloitte for their leadership in recognizing Americaa™s fastest growing companies.a

"Local.com, like all 2011 Technology Fast 500a" companies, has excelled in fostering innovation and channeling it into spectacular growth -- against the backdrop of one of the most challenging economies in history,a said Eric Openshaw, vice chairman and U.S. technology, media and telecommunications leader, Deloitte LLP. "Deloitte recognizes Local.com for its remarkable accomplishment.a

The ranking was based on the companya™s 492 percent revenue growth during the period of 2006-2010.

Under Clarke's leadership, the company has transformed into a multi-faceted local media company reaching more than 25 million consumers each month on its flagship Local.com site and across approximately 1,500 regional media sites. The company also provides localized rich media advertising solutions, local shopping data, daily deals and a suite of SMB advertising and marketing solutions.

The company was also recently ranked 12th on the Orange County Business Journala™s list of fastest-growing public companies.

About Deloittea™s 2011 Technology Fast 500a"

Technology Fast 500, which was conducted by Deloitte & Touche LLP, a subsidiary of Deloitte LLP, provides a ranking of the fastest growing technology, media, telecommunications, life sciences and clean technology companies a" both public and private - in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2006 to 2010. In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company's operating revenues. Companies must have base-year operating revenues of at least $50,000 USD or CD, and current-year operating revenues of at least $5 million USD or CD. Additionally, companies must be in business for a minimum of five years, and be headquartered within North America.

About Local.com®

[ Local.com ] Corporation (NASDAQ:LOCM), a leading online local media company, enables brick-and-mortar businesses to connect with online customers using a variety of digital marketing products. The company reaches more than 25 million consumers each month on the flagship Local.com website, approximately 1,500 regional media sites and more than 100,000 geo-category websites. The company distributes daily deals to hundreds of thousands of email subscribers in 14 markets via Spreebird.com, rich media ads via Rovion.com, and real-time product inventory information from more than 70,000 retail locations nationwide via Krillion.com. To advertise, or for more information, visit: [ http://www.local.com/ ].

Forward Looking Statements

This press release contains forward-looking statements that involve risks and uncertainties concerning Local.com Corporationa™s expected financial performance, as well as Local.coma™s strategic and operational plans. Actual results may differ materially from the results predicted, and reported results should not be considered as an indication of future performance. The potential risks and uncertainties include, among others, our advertising partners paying less RPC and revenues to us for our search results, our ability to adapt our business following shifts in our monetization partners, our ability to monetize the Local.com domain, including at a profit, our ability to retain a monetization partner for the Local.com domain and other web properties under our management that allows us to operate profitably, our ability to develop, market and operate our local-search technologies, our ability to market the Local.com domain as a destination for consumers seeking local-search results, our ability to grow our business by enhancing our local-search services, including through businesses we acquire, the future performance of our OCTANE360 business, the integration and future performance of our social buying business, our Krillion business and our Rovion business, as well as any other businesses we may acquire, including our newly acquired Screamin Daily Deals business, our ability to successfully expand our Spreebird business into new markets, including through acquisitions, such as the Screamin Daily Deals acquisition, the possibility that the information and estimates used to predict anticipated revenues and expenses associated with the businesses we acquire are not accurate, difficulties executing integration strategies or achieving planned synergies, the possibility that integration costs and go-forward costs associated with the businesses we acquire will be higher than anticipated, our ability to successfully expand our sales channels for new and existing products and services, our ability to increase the number of businesses that purchase our advertising products, our ability to expand our advertiser and distribution networks, our ability to integrate and effectively utilize our acquisitions' technologies, our ability to develop our products and sales, marketing, finance and administrative functions and successfully integrate our expanded infrastructure, as well as our dependence on major advertisers, competitive factors and pricing pressures, changes in legal and regulatory requirements, and general economic conditions. Any forward-looking statements reflect our current views with respect to future events and are subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. All subsequent written and oral forward-looking statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by this paragraph. Unless otherwise stated, all site traffic and usage statistics are from third-party service providers engaged by the company.

Our most recent Annual Report on Form 10-K/A, subsequent Quarterly Reports on Form 10-Q and Form 10-Q/A, recent Current Reports on Form 8-K and Form 8-K/A, and other Securities and Exchange Commission filings discuss the foregoing risks as well as other important risk factors that could contribute to such differences or otherwise affect our business, results of operations and financial condition. The forward-looking statements in this release speak only as of the date they are made. We undertake no obligation to revise or update publicly any forward-looking statement for any reason.