Local.com Corporation (LOCM), a leading search engine, announced that Borrell Associates ranked Local.com as the leader in online advertising revenue growth for 2007, with a 138% year over year increase in online advertising revenue growth. The report shows that Local.com revenue growth clearly surpasses all of the other companies currently participating in the online advertising space.
Health Clarke, local.com chairman and CEO, stated, “This report confirms that Local.com is a major player in local search, delivering higher growth than all other companies in the study. Our focus continues to be on delivering additional growth through the expansion of our direct advertiser growth, which is expected to increase the rate at which we monetize our search traffic on Local.com and our network of over 400 regional media sites.”
Gordon Borell, CEO of Borrell Associates, stated, “We are seeing strong growth in local online advertising, which is a direct result of local businesses’ increasing affinity towards shifting their offline ad spend to the internet. Local.com seems to be well-positioned within the sector to take advantage of this growing trend.”
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