Message Font: Serif | Sans-Serif
No. of Recommendations: 0 (NASDAQ: LOCM) is recognized as the largest local search network in the United States. The company provides more than 19 million consumers each month with the most relevant search results for local businesses, products and services on and 700+ regional media sites. According to Internet research firm comScore,’s traffic has consistently ranked in the Top 100 U.S. websites.

Recently, the company announced that it has acquired about 14,000 local business advertisers from LiveDeal, Inc. for up to $3.1 million in cash. This acquisition brought’s total number of small business customers to approximately 30,000, more than half way to its stated goal of 50,000 by the end of this year. Excluding one-time acquisition related charges, the transaction is expected to be immediately accretive and yield a significant margin contribution.

Despite the downturn in the economy, reported 78% growth in revenue for full year 2008 when compared to the revenue generated in 2007. The company’s growth strategy for the future includes growing the volume of visitors to via search engine marketing, search engine optimization, syndication and repeat usage. also intends to continue developing new products for advertisers and enhance its many local search technologies.

The total volume of online advertising in the United States is expected to grow at a compound annual growth rate of 18 percent to approximately $26 billion in 2010. This growth rate should accelerate even further as many large businesses begin expanding their marketing budget to include online advertising to reach today's computer-capable audiences. With local search advertising growth anticipated to outperform other forms of online advertising, is well positioned to capitalize on this rapid growth.
Print the post  


When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.