(Source: Business Wire)

Local.com Corporation (NASDAQ:LOCM), a leading local search site and network, today announced that based on unaudited preliminary results for the three months ended June 30, 2009, the company expects revenue to be between $13.4 and $13.7 million, exceeding the high end of its prior guidance of $13.2 million.
The company also said it expects Adjusted Net Income to be between $700,000 and $1,000,000, or between $0.05 and $0.07 per diluted share, which also exceeds the high end of prior guidance of $400,000, or $0.03 per diluted share.
These unaudited preliminary revenue and earnings results are, in accordance with normal procedures, subject to further review and completion by the company.
The company will conduct a conference call with analysts and investors at 4:30 p.m. ET on Thursday, July 30, 2009, following the release of its complete second quarter 2009 financial results. Heath Clarke, chairman and chief executive officer, Bruce Crair, president and chief operating officer, and Brenda Agius, chief financial officer, will host the call and discuss the company's results and outlook going forward.
Investors and analysts can participate in the call by dialing 1-800-435-1261 or 1-617-614-4076, passcode # 73461443. To listen to the webcast, or to view the press release, please visit the Investor Relations section of the Local.com website at: http://ir.local.com. Institutional investors can access the call via Thomson/CCBN's password-protected event management site, StreetEvents at www.streetevents.com.
The replay can be accessed for approximately one week starting at 7:00 p.m. ET the day of the call by dialing 1-888-286-8010 or 1-617-801-6888, passcode # 17405668.
A replay of the webcast will be available for approximately 90 days at the company's website, starting approximately one hour after the completion of the call.
Adjusted Net Income is defined as net income/loss excluding: provision for income taxes; interest and other income (expense), net; depreciation; amortization; stock based compensation charges and non-recurring charges.
An explanation of the company's use of non-GAAP financial measures, including the limitations of such measures relative to GAAP measures is included below.
For more information on the company please visit: http://corporate.local.com.
About Local.comĀ®
Local.com (NASDAQ:LOCM) owns and operates a leading local search site and the largest private label, local search network in the United States. The company uses patented technologies to provide over 20 million consumers each month with the most relevant search results for local businesses, products and services on Local.com and over 700 regional media sites. Businesses can target ready-to-purchase consumers using a variety of advertising products. To advertise, or 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.