Local
Corporation (NASDAQ:LOCM), a leading online local media company,
today announced that it has promoted chief operating officer (COO),
Michael Sawtell to president and COO.
Sawtell has more than 20 years of operational leadership experience with
public and private companies, including serving as founder and CEO of
DigitalPost Interactive, an online digital media company and parent
company of the Rovion business, which was acquired by Local Corporation
earlier this year. As part of that acquisition, Sawtell was appointed
senior vice president and general manager of sales and advertiser
services. He was promoted to COO in May 2011.
Sawtell served as Local.com's president and COO from 2000 to 2005 and
previously held key management positions at Northrop Grumman Corporation
and General Dynamics Corporation.
“Mike has been instrumental in our transformation over the past three
quarters,” said Heath Clarke, Local Corporation, chairman and CEO. “Our
board and executive team recognize the significant progress and
efficiencies garnered under Mike’s leadership and we look forward to his
future contributions to our continued growth and success.”
The company also announced the appointment of Erick Herring as senior
vice president, technology. Herring will be responsible for leading the
company’s technology development and data initiatives. Herring will
report to Sawtell.
Herring has more than 15 years of senior level technology experience and
most recently was the founder of daily deals company, Townloop.
Previously Herring served as chief technology officer (CTO) and vice
president of product for online feedback site, Feedback.com. Prior to
Feedback.com, he also served as CTO of Adapt Technologies, Inc., which
was acquired by WebVisible, where he became CTO and vice president of
product. Herring also held key management positions at Zenith Insurance
and Digital Evolution.
“Erick is a proven technology leader with valuable experience and
demonstrated success in building platforms and technologies to optimize
search marketing and advertising solutions for local businesses,” said
Michael Sawtell, Local Corporation, president and COO. “It’s an exciting
time for the company and Erick is well suited to lead our technology
team as we expand our product suite and technology capabilities.”
About Local Corporation
Local Corporation (NASDAQ:LOCM), a leading online local media company,
enables brick-and-mortar businesses to connect with online customers
using a variety of digital marketing products. The company reaches more
than 30 million consumers each month on the flagship Local.com website,
more than 1,000 regional media sites and more than 100,000 geo-category
websites. The company distributes daily deals to hundreds of thousands
of email subscribers via Spreebird.com, rich media ads via Rovion.com,
and real-time product inventory information from more than 70,000 retail
locations nationwide via Krillion.com. To advertise, or for more
information, visit: http://www.local.com/
or http://www.localcorporation.com.
Local Corporation is a registered trade name of Local.com Corporation.
Forward Looking Statements
This press release contains forward looking statements that involve
risks and uncertainties concerning Local.com Corporation’s expected
financial performance, as well as Local.com’s strategic and operational
plans. Actual results may differ materially from the results predicted,
and reported results should not be considered as an indication of future
performance. The potential risks and uncertainties include, among
others, our advertising partners paying less RPC and revenues to us for
our search results; our ability to adapt our business following the
shifts in our monetization partners; our ability to monetize the
Local.com domain, including at a profit; our ability to retain
monetization partners for the Local.com domain and other web properties
under our management that allows us to operate profitably; our ability
to develop, market and operate our local-search technologies; our
ability to market the Local.com domain as a destination for consumers
seeking local-search results; our ability to grow our business by
enhancing our local-search services, including through businesses we
acquire; the future performance of our OCTANE360 business; the
integration and future performance of our Spreebird daily deals
business, including the recently acquired Screamin Daily Deals business,
our Krillion business and our Rovion business, as well as any other
businesses we may acquire; our ability to successfully expand our
Spreebird business into new markets, including through acquisitions; the
possibility that the information and estimates used to predict
anticipated revenues and expenses associated with the businesses we
acquire are not accurate; difficulties executing integration strategies
or achieving planned synergies; the possibility that integration costs
and go-forward costs associated with the businesses we acquire will be
higher than anticipated; our ability to successfully expand our sales
channels for new and existing products and services; our ability to
increase the number of businesses that purchase our advertising
products; our ability to expand our advertiser and distribution
networks; our ability to integrate and effectively utilize our
acquisitions' technologies; our ability to develop our products and
sales, marketing, finance and administrative functions and successfully
integrate our expanded infrastructure; as well as our dependence on
major advertisers, competitive factors and pricing pressures; changes in
legal and regulatory requirements; and general economic conditions. Any
forward-looking statements reflect our current views with respect to
future events and are subject to these and other risks, uncertainties
and assumptions relating to our operations, results of operations,
growth strategy and liquidity. All subsequent written and oral
forward-looking statements attributable to us or persons acting on our
behalf are expressly qualified in their entirety by this paragraph.
Unless otherwise stated, all site traffic and usage statistics are from
third-party service providers engaged by the company.
Our most recent Annual Report on Form 10-K/A, subsequent Quarterly
Reports on Form 10-Q and Form 10-Q/A, recent Current Reports on Form 8-K
and Form 8-K/A, and other Securities and Exchange Commission filings
discuss the foregoing risks as well as other important risk factors that
could contribute to such differences or otherwise affect our business,
results of operations and financial condition. 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.
