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| [January 24, 2013] |
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Local Corporation Reaches Record Organic and Mobile Quarterly Search Traffic
IRVINE, Calif. --(Business Wire)--
Local
Corporation (NASDAQ: LOCM), a leading online local media company,
today announced record organic and mobile search traffic for the fourth
quarter 2012.
The company reached organic traffic of 45 million monthly unique
visitors (MUVs) during the fourth quarter, up 51 percent from 30 million
MUVs during the year ago period.
Mobile traffic also continued to grow, representing 25 million MUVs
during the fourth quarter 2012, up 220 percent from 8 million MUVs
during the year ago period.
"Organic and mobile traffic growth both continue to be key performance
indicators for our business and these records represent large milestones
for us," said Carlos Caponera, Local Corporation, senior director,
consumer properties. "We are making significant progress in growing our
ecosystem by driving increased traffic from both organic and mobile
sources."
All site traffic and usage statistics are from third-party srvice
providers engaged by the company. Quarterly MUV traffic is equal to the
aggregate of each month's MUV traffic numbers in that quarter. Traffic
and the company's monetization of that traffic combine to determine its
revenues for any given period. The company's traffic volume alone for a
period should not be viewed as demonstrative of its financial results
for such period.
About Local Corporation
Local Corporation (NASDAQ:LOCM) is a leading online local media company
that connects brick-and-mortar businesses with over a million online and
mobile consumers each day using a variety of innovative digital
marketing products. To advertise, or for more information, visit: http://www.localcorporation.com.
Forward Looking Statements
This press release contains certain forward-looking statements that are
based upon current expectations and involve certain risks and
uncertainties within the meaning of the U.S. Private Securities
Litigation Reform Act of 1995. Words or expressions such as
"anticipate," "plan," "will," "intend," "believe" or "expect'" or
variations of such words and similar expressions are intended to
identify such forward-looking statements. These forward-looking
statements are not guarantees of future performance and are subject to
risks, uncertainties, and other factors, some of which are beyond our
control and difficult to predict and could cause actual results to
differ materially from those expressed or forecasted in the
forward-looking statements. Key risks are described in the filings we
make with the U.S. Securities and Exchange Commission. 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. Unless otherwise stated,
all site traffic and usage statistics are from third-party service
providers engaged by the company. Traffic and our monetization of that
traffic combine to determine our revenues for any given period. Our
traffic volume alone for a period should not be viewed as demonstrative
of our financial results for such period.
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