Exhibit 99.1
 
 For Immediate Release
 Local.com Reports Second Quarter 2008 Financial Results
 (NASDAQ: LOCM),
  Second Quarter Financial Results and Recent Highlights:
 
    
    Record Revenue Second quarter of 2008 revenue of $9.6 million exceeded guidance, and
represented growth of 89% over the second quarter 2007 and growth of 9% over the first
quarter 2008.
    
    Net Loss Second quarter of 2008 net loss was $1.9 million and included non-cash
expenses of $1.0 million or $0.07 per share. Basic and diluted net loss per share was
$0.14.The non-cash expenses of $1.0 million consisted of depreciation and amortization
($475,000); and stock-based compensation ($572,000).
    
    Record Monetization Revenue per thousand
visitors (RKV) was $254, up 66% from $153
in the second quarter of 2007 and up 11% from $228 RKV in the first quarter of 2008.
    
    Record Overall Traffic The company reached record search traffic of 48 million
monthly unique visitors (MUVs) on the Local.com site and network during the second
quarter, up from 27 million MUVs in the year ago period and 45 million MUVs in the prior
quarter.
    
    Record Organic Traffic The company reached record organic search traffic of over 18
million monthly unique visitors on the Local.com site and network during the second
quarter, up from nearly 3 million in the year ago period and 17 million in the prior
quarter.
    
    Launched LEC Billing The company integrated LEC billing during the quarter, which
means advertisers can now pay for Local.com advertising conveniently on their phone bill.
    
    Direct Advertiser Base Expansion Direct advertisers exceeded 3,500 at the end of
July, up from 1,500 at the end of April.




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
    
    Sales Force Expansion The company doubled the number of outsourced sales personnel,
which now exceeds 100.
    
    Technology Licensees The number of licensees for the companys local search
technologies grew to 33, up from 18 in the prior period.
    
    Launched Best of Local Awards Program The company launched the Best of Local
awards program that will feature the best businesses as rated by consumers in 15 cities
and 20 categories across the U.S.
    
    Launched Proprietary Ratings and Reviews The company launched its own ratings and
reviews engine, which allows users to create an account and enter ratings and reviews for
any business listing that appears on the site.
    
    Partnered with MediaSpan The company partnered with MediaSpan to deliver Local.coms
local search platform to more than 1,500 newspaper, TV and radio companies. As part of the
partnership, MediaSpan is licensing Local.coms local search patent, U.S. Patent No.
7,231,405.
    
    Received Several Industry Honors The company received several industry honors
including:
 
    
    Official Honoree  12th Annual Webby Awards
    
    Finalist   15th Annual AeA High-Tech Innovation Awards, Product of
the Year, Internet category
    
    Award Recipient  2008 Internet Advertising Competition (IAC)
Outstanding Achievement
    
    Finalist  Chairman and CEO, Heath Clarke, Best Executive  Media &
Entertainment category for the 2008 American Business Awards
    
    Award Recipient  Hitwise U.S. Top 10, Business and Finance, Business
Directories online industry category
 Financial Guidance and Balance Sheet:
    Conference Call Information:
 http://ir.local.com




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About Local.com
 ® http://uk.local.com www.local.com.
 Forward Looking Statements
    Media Contact:
 ctriebwasser@local.com
 Investor Relations Contact:




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LOCAL.COM CORPORATION
CONDENSED CONSOLIDATED BALANCE SHEETS
 June 30,
    
    
    December 31,2008
    
    
    2007(Unaudited)ASSETSCurrent assets:Cash and cash equivalents
    
    $
    13,737
    
    
    $
    14,258Restricted cash
    
    
    30
    
    
    
    30Marketable securities
    
    
    
    
    
    
    1,999Accounts receivable, net of allowances of $25 and $15, respectively
    
    
    5,138
    
    
    
    3,595Prepaid expenses and other current assets
    
    
    161
    
    
    
    292Total current assets
    
    
    19,066
    
    
    
    20,174Property and equipment, net
    
    
    1,100
    
    
    
    1,473Intangible assets, net
    
    
    2,558
    
    
    
    3,156Goodwill
    
    
    13,231
    
    
    
    13,233Long-term restricted cash
    
    
    66
    
    
    
    66Deposits
    
    
    12
    
    
    
    12Total assets
    
    $
    36,033
    
    
    $
    38,114LIABILITIES AND STOCKHOLDERS EQUITYCurrent liabilities:Accounts payable
    
    $
    4,729
    
    
    $
    4,029Accrued compensation
    
    
    723
    
    
    
    456Deferred rent
    
    
    261
    
    
    
    316Other accrued liabilities
    
    
    496
    
    
    
    194Deferred revenue
    
    
    88
    
    
    
    177Total liabilities, all current
    
    
    6,297
    
    
    
    5,172Commitments and contingenciesStockholders equity:Convertible preferred stock, $0.00001 par value; 10,000,000 shares authorized;
none issued and outstanding for all periods presented
    
    
    
    
    
    
    Common stock, $0.00001 par value; 30,000,000 shares authorized;
14,309,243 and 14,204,110 issued and outstanding, respectively
    
    
    
    
    
    
    Additional paid-in capital
    
    
    83,652
    
    
    
    82,176Accumulated comprehensive loss
    
    
    
    
    
    
    (1
    )Accumulated deficit
    
    
    (53,916
    )
    
    
    (49,233
    )Stockholders equity
    
    
    29,736
    
    
    
    32,942Total liabilities and stockholders equity
    
    $
    36,033
    
    
    $
    38,114




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LOCAL.COM CORPORATION
CONDENSED STATEMENTS OF OPERATIONS
 Three months ended
    
    
    Six months endedJune 30,
    
    
    June 30,2008
    
    
    2007
    
    
    2008
    
    
    2007Revenue
    
    $
    9,646
    
    
    $
    5,098
    
    
    $
    18,488
    
    
    $
    9,979Operating expenses:Search serving
    
    
    1,320
    
    
    
    961
    
    
    
    2,773
    
    
    
    1,767Sales and marketing
    
    
    7,900
    
    
    
    4,701
    
    
    
    15,543
    
    
    
    9,400General and administrative
    
    
    1,400
    
    
    
    1,178
    
    
    
    2,842
    
    
    
    2,510Research and development
    
    
    755
    
    
    
    551
    
    
    
    1,632
    
    
    
    1,251Amortization of intangibles
    
    
    280
    
    
    
    244
    
    
    
    598
    
    
    
    481Total operating expenses
    
    
    11,655
    
    
    
    7,635
    
    
    
    23,388
    
    
    
    15,409Operating loss
    
    
    (2,009
    )
    
    
    (2,537
    )
    
    
    (4,900
    )
    
    
    (5,430
    )Interest and other income (expense), net
    
    
    84
    
    
    
    (614
    )
    
    
    218
    
    
    
    (806
    )Loss before income taxes
    
    
    (1,925
    )
    
    
    (3,151
    )
    
    
    (4,682
    )
    
    
    (6,236
    )Provision for income taxes
    
    
    
    
    
    
    
    
    
    
    1
    
    
    
    1Net loss
    
    $
    (1,925
    )
    
    $
    (3,151
    )
    
    $
    (4,683
    )
    
    $
    (6,237
    )Per share data:Basic net loss per share
    
    $
    (0.14
    )
    
    $
    (0.34
    )
    
    $
    (0.33
    )
    
    $
    (0.67
    )Diluted net loss per share
    
    $
    (0.14
    )
    
    $
    (0.34
    )
    
    $
    (0.33
    )
    
    $
    (0.67
    )Basic weighted average shares outstanding
    
    
    14,242,162
    
    
    
    9,325,817
    
    
    
    14,223,136
    
    
    
    9,312,125Diluted weighted average shares outstanding
    
    
    14,242,162
    
    
    
    9,325,817
    
    
    
    14,223,136
    
    
    
    9,312,125
 Supplemental statements of operations information:
 Three months ended
    
    
    Six months endedJune 30,
    
    
    June 30,2008
    
    
    2007
    
    
    2008
    
    
    2007Non-cash stock based compensation expense:Sales and marketing
    
    $
    234
    
    
    $
    93
    
    
    $
    474
    
    
    $
    213General and administrative
    
    
    286
    
    
    
    200
    
    
    
    626
    
    
    
    492Research and development
    
    
    52
    
    
    
    53
    
    
    
    123
    
    
    
    132Total non-cash stock-based compensation expense
    
    $
    572
    
    
    $
    346
    
    
    $
    1,223
    
    
    $
    837Basic and diluted net compensation expense per share
    
    $
    0.04
    
    
    $
    0.04
    
    
    $
    0.09
    
    
    $
    0.09Interest and other income (expense), net:Interest income
    
    $
    84
    
    
    $
    96
    
    
    $
    218
    
    
    $
    167Interest expense
    
    
    
    
    
    
    (258
    )
    
    
    
    
    
    
    (361
    )Interest expense  non-cash
    
    
    
    
    
    
    (452
    )
    
    
    
    
    
    
    (612
    )Total interest and other income (expense), net
    
    $
    84
    
    
    $
    (614
    )
    
    $
    218
    
    
    $
    (806
    )