SOURCE: Local.com
June 25, 2007 07:00 ET
Local.com Granted U.S. Patent Number 7,231,405 for Location-Based Search
Method of Geographical Searching and Indexing of Data by Location Is Industry Standard for Local Search
IRVINE, CA--(Marketwire - June 25, 2007) - Local.com Corporation (NASDAQ: LOCM), a leading
local search engine, today announced that the company has been awarded
patent number 7,231,405 by the U.S. Patent and Trademark Office for the
process of indexing and retrieving web-related information by geographical
location.
The patent covers local search technology related to identifying location
information from web documents, indexing that information and making it
searchable geographically. In Local.com's commercial implementation of the
technology, the search results are ranked by search term, LocalRank score,
location prominence, among other factors. The system then extracts, matches
and indexes web pages from the Internet and generates web references where
applicable on more than 16 million local businesses listed nationwide on
Local.com.
"We are very pleased to announce the granting of the patent number
7,231,405 as we believe the methods covered have subsequently become the
de-facto standard for information retrieval in the local search industry,"
said Heath Clarke, Chairman and CEO, Local.com.
"This patent represents our continued commitment to developing products and
services at the forefront of local search innovation. The unique technology
related to geographical searching and indexing of web data gives us an
advantage over conventional search technologies by providing improved
relevance and better overall performance," continued Clarke. "We encourage
other local search companies that are interested in using our intellectual
property to enter into licensing agreements with Local.com."
To experience Local.com go to: http://www.local.com.
About Local.com
Local.com (NASDAQ: LOCM) is a Top U.S. website attracting approximately 10
million visitors each month seeking information on local businesses,
products, services, people and jobs. Powered by the company's
patent-pending Keyword DNA® and patented local web indexing technologies,
Local.com provides users with targeted, relevant local search results,
including special offers from local businesses, user reviews, local
businesses' website links, maps, driving directions and more. Businesses
can advertise on Local.com with subscription, pay-per-click, banner and
pay-per-call ad products. The site's mobile service, Local Mobile, provides
local search results via mobile phones and devices. Local.com claims U.S.
patent number 7,231,405. For more information visit: www.local.com.
Forward-Looking Statements
All statements other than statements of historical fact included in this
document regarding our anticipated financial position, business strategy
and plans and objectives of our management for future operations, are
forward-looking statements. When used in this report, words such as
'anticipate,' 'believe,' 'estimate,' 'plans,' 'expect,' 'intend' and
similar expressions, as they relate to Local.com or our management,
identify forward-looking statements. Any forward-looking statements are
based on the beliefs of our management as well as assumptions made by and
information currently available to our management. Actual results could
differ materially from those contemplated by the forward-looking statements
as a result of certain factors, including, but not limited to, our ability
to monetize the Local.com domain, incorporate our local-search
technologies, market the Local.com domain as a destination for consumers
seeking local-search results, grow our business by enhancing our
local-search services, expand our Advertiser and Distribution Networks,
expand internationally, integrate and effectively utilize our acquisitions'
technologies, 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.
Our Annual Report on Form 10-K, subsequent Quarterly Reports on Form 10-Q,
recent Current Reports on Form 8-K, 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.