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
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.
1 Global Industry Analysts - http://www.resell.biz/blog/305-million-new-domain-names-anticipated-by-the-year-2018/
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