The company also said it expects Adjusted Net Income to be between $1.3 and $1.4 million or approximately $0.09 per diluted share, which meets or exceeds the high end of its prior guidance of $1.3 million, or $0.09 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 and its auditors.

To celebrate the company's 10th anniversary, the company's chairman and CEO, Heath Clarke, will be ringing The NASDAQ Stock Market Opening Bell on Thursday, October 8, 2009 at 9:30 a.m. Eastern Time. The Opening Bell ceremony will take place at the NASDAQ MarketSite broadcast studio in New York City's Times Square. A live webcast of Local.com's NASDAQ Opening Bell ceremony will be available at: http://www.nasdaq.com/reference/marketsite_about.stm.

Following the Opening Bell ceremony, Local.com will also be hosting its first Analyst Day from 12:00 p.m. to 5:00 p.m. Eastern Time. For those interested in attending the presentation to analysts, please contact the company at: ctriebwasser@local.com.

The preliminary third quarter 2009 financial results are being disclosed in connection with the Analyst Day. The company does not intend to release preliminary financial results in future periods unless such results differ materially from prior guidance.

The regularly scheduled conference call to discuss the company's third quarter 2009 financial results will be announced at a later date.

Adjusted Net Income/Loss 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 items.

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, along with a table that reconciles expected Net Loss to expected Adjusted Net Income for the company's third quarter 2009 financial results.

For more information on the company please visit: http://corporate.local.com.

About Local.com®

Local.com (NASDAQ: LOCM) owns and operates a leading local search site and one of the largest private label, local search networks in the United States. The company uses patented technologies to provide over 20 million consumers each month with highly 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.

About NASDAQ OMX

The NASDAQ OMX Group, Inc. is the world's largest exchange company. It delivers trading, exchange technology and public company services across six continents, with over 3,700 listed companies. NASDAQ OMX offers multiple capital raising solutions to companies around the globe, including its U.S. listings market, NASDAQ OMX Nordic, NASDAQ OMX Baltic, NASDAQ OMX First North, and the U.S. 144A sector. The company offers trading across multiple asset classes including equities, derivatives, debt, commodities, structured products and exchange-traded funds. NASDAQ OMX technology supports the operations of over 70 exchanges, clearing organizations and central securities depositories in more than 50 countries.