Local Corporation Ranks on Deloitte’s Technology Fast 500™ for Fourth Consecutive Year
November 14 2013 - 7:30AM
Business Wire
Local Corporation (NASDAQ: LOCM), a leading online local media
company, today announced that for the fourth consecutive year, it
has ranked on Deloitte’s Technology Fast 500™.
Deloitte’s Technology Fast 500 is a ranking of the 500 fastest
growing technology, media, telecommunications, life sciences and
clean technology companies in North America. Local Corporation
revenue grew over 155 percent from 2008 to 2012.
"We are honored to once again be included in the prestigious
Deloitte Fast 500. This marks our fourth consecutive year in this
elite group of North America’s fastest growing technology
companies," said Heath Clarke, Local Corporation chairman and CEO.
"We thank Deloitte for recognizing the hard work and success of
North America’s entrepreneurs.”
“The 2013 Deloitte Technology Fast 500 companies are exemplary
cases of those spurring growth in a tough market through
innovation,” said Eric Openshaw, vice chairman, Deloitte LLP and
U.S. technology, media and telecommunications leader. “This year’s
list is a who’s who of companies behind the most exciting and
innovative products and services in the technology space. We
congratulate the Fast 500 companies and look forward to what they
do next.”
“The fastest growing companies in the U.S. are drivers of
constant innovation and operate with the agility to stay ahead of a
quickly evolving marketplace, and software, biotech/pharma and
Internet companies continue to be at the forefront,” added James
Atwell, national managing partner of the Emerging Growth Company
practice, Deloitte Services LP. “The companies excelling in these
sectors have a startup mentality that allows them to be nimble and
adapt quickly, which is why they consistently lead the list of
fast-growing companies each year.”
About Deloitte’s 2013 Technology Fast 500™
Technology Fast 500, conducted by Deloitte & Touche LLP,
provides a ranking of the fastest growing technology, media,
telecommunications, life sciences and clean technology companies –
both public and private - in North America. Technology Fast 500
award winners are selected based on percentage fiscal year revenue
growth from 2007 to 2011. In order to be eligible for Technology
Fast 500 recognition, companies must own proprietary intellectual
property or technology that is sold to customers in products that
contribute to a majority of the company's operating revenues.
Companies must have base-year operating revenues of at least
$50,000 USD or CD, and current-year operating revenues of at least
$5 million USD or CD. Additionally, companies must be in business
for a minimum of five years, and be headquartered within North
America.
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://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.
Investor Relations and Media Relations Contact:Local
CorporationCameron
Triebwasser949-789-5223ctriebwasser@local.com
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