|[December 12, 2012]
Local Corporation Granted U.S. Web Domain Name Patent
IRVINE, Calif. --(Business Wire)--
Corporation (NASDAQ:LOCM), a leading online local media company,
today announced that the U.S. Patent and Trademark Office has granted
the company patent number 8,312,125, which covers a method and system
for the bulk acquisition and development of multiple web domain names.
Issued on Nov. 13, 2012, the patent describes a system and method for
enabling the bulk acquisition and management of multiple web domains.
The patent covers the technology related to the fulfillment of web
domains. Local Corp. is currently using this technology for its small
and medium-sized business (SMBs) customer as well as for the development
of its recently announced vertically oriented lead generation sites. The
method includes collecting a set of domain names for bulk content
development, some of which are derived from user-provided keywords;
filtering the set of domain names based on matching the domains to
most-often used search terms by consumers; automatically submitting
domain names for purchase; applying a template to the web domain related
pages; and inserting content in those pages.
"The domain name industry continues to grow, with the number of domain
names registered worldwide expected to top 305 million by 20181,"
said Heath Clarke, Local Corporation chairan and chief executive
officer. "This method is already being used as part of our Launch by
Local SMB fulfillment platform and forms the basis for our site
expansion into lead generation verticals. We've spent years developing
our intellectual property portfolio, and we're pleased that this key
patent has issued."
This is the eleventh patent issued to the company and was part of the
original OCTANE360 platform and asset acquisition in July 2010.
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
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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
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identify such forward-looking statements. These forward-looking
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traffic volume alone for a period should not be viewed as demonstrative
of our financial results for such period.
1 Global Industry Analysts - http://www.resell.biz/blog/305-million-new-domain-names-anticipated-by-the-year-2018/
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