Local Corp. has demonstrated consistent progression since its inception in 1999, becoming one of the fastest growing online media companies in the nation. When Local Corp. completed its IPO in October 2004, its offering was ranked as one of the most successful in North America. Local Corp. was awarded its first patent in 2007, and now has eight patents and 11 more patents pending, including inbound marketing platform, Octane 360.
Utilizing a line of powerful technology platforms, Local Corp.'s aim is to capitalize on modern media/advertising trends, deploying a host of innovative business solutions including digital marketing products and tools such as local business and product search, mobile, SEO, Web hosting, social media and daily deals, helping merchants grow their business by connecting them with consumers on a local and national scale.
Local Corp.'s Business Solutions offerings include Launch, the company's online marketing solution, which helps businesses establish an online presence to reach and engage consumers via Web sites, mobile solutions, social media, business listings, banner advertising, and strategic content. The company's proprietary technology works to place businesses at the forefront of local options, ensuring that the business is seen by target customers in that geographical location.
Through Media Services, Local Corp. enables agencies to reach local audiences on a national scale and helps publishers enhance their content and grow revenue. Advertisers come from a network of partners that includes organizations of all sizes, from leading national brands to small businesses. Local Corp. recently reached a record 1 billion ad impressions within a single month.
In addition to Local Corp.'s consumer properties, which include its flagship www.Local.com Web site, www.Spreebird.com, www.Krillion.com, the company supports more than 1,000 regional media sites to help them manage their online presence, engage and retain customers, and increase revenue. These sites help online shoppers find and purchase the products they're looking for while delivering value to businesses through increased revenue and deeper customer engagement.
In the first quarter of 2013, Local Corp. reported positive cash flow from operations a quarter ahead of schedule, driven by solid gross margin expansion, and said it remains on track to grow revenues sequentially as it forecasts sequential adjusted EBITDA and EPS growth.
For more information, visit local.comClearwire Corp.
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