Local 8K Regulation FD Disclosure | LOCMQ 25 Jul 14

Exhibit 99.1

Forward looking statements

Certain matters being discussed by Local Corporation’s management today

include forward looking statements which are made pursuant to the Safe

Harbor provisions of section 21-E of the Securities Exchange Act of 1934.

Investors are cautioned that statements which are not strictly historical

statements, including statements concerning future expected financial

performance, management objectives and plans for future operations, our

relationships with strategic or other partners, the release of new products or

services or enhancements to existing products or services, our

expectations regarding potential acquisitions and the future performance of

past acquisitions including our ability to realize expected synergies, trends

in the market for our current or planned products or services, and market

acceptance of our products or services, constitute forward looking

statements.

The forward looking statements include, but are not limited to, any

statements containing the words “expect”, “anticipate”, “estimates”,

“believes”, “should”, “could”, “may”, “possibly”, and similar expressions and

the negatives thereof. These forward looking statements involve a number

of risks and uncertainties that could cause actual results to differ materially

from the forward looking statements. Those risks and uncertainties are

detailed in the company’s filings from time to time with the Securities and

Exchange Commission. The information contained in the forward looking

statements is provided as of the date of such oral statements and the

company disclaims any obligation to update such statements.

Adjusted EBITDA is defined as net income (loss) excluding: provision for

income taxes; interest and other income (expense), net; depreciation;

amortization; stock-based compensation charges; gain or loss on derivatives’

revaluation; net income (loss) from discontinued operations; LEC receivables

reserve; finance-related charges; accrued lease liability/asset; severance

charges; and an expense related to a settlement accrual.

Adjusted EBITDA, as defined above, is not a measurement under GAAP.

Adjusted EBITDA is reconciled to net loss and loss per share, which we

believe are the most comparable GAAP measures, at the end of this

presentation. Management believes that Adjusted EBITDA provides useful

information to investors about the company’s performance because it

eliminates the effects of period-to-period changes in income from interest

on the company’s cash and marketable securities, expense from the

company’s financing transactions and the costs associated with income tax

expense, capital investments, stock-based compensation expense, warrant

revaluation charges, and non-recurring charges which are not directly

attributable to the underlying performance of the company’s business

operations. Management uses Adjusted EBITDA in evaluating the overall

performance of the company’s business operations.

A limitation of non-GAAP Adjusted EBITDA is that it excludes items that

often have a material effect on the company’s net income and earnings

per common share calculated in accordance with GAAP. Therefore,

management compensates for this limitation by using Adjusted EBITDA in

conjunction with GAAP net loss and loss per share measures. The

company believes that Adjusted EBITDA provides investors with an

additional tool for evaluating the company’s core performance, which

management uses in its own evaluation of overall performance, and as a

base-line for assessing the future earnings potential of the company.

While the GAAP results are more complete, the company prefers to allow

investors to have this supplemental metric since, with reconciliation to

GAAP (as noted above), it may provide greater insight into the company’s

financial results. The non-GAAP measures should be viewed as a

supplement to, and not as a substitute for, or superior to, GAAP net

income or earnings per share.

Current financial momentum

Founded/IPO

Ticker

Revenue CAGR

Flagship Site

Recognition

Headquarters

Employees

Patents

1999/2004

LOCM (NASDAQ)

31% from 2006 to 2013

Local.com –

Top US Site

Deloitte Fast 500™

4 years in a row

Irvine, CA

~90

13 + applications pending

Who we are

Investing for growth

(Adjusted EBITDA)

*Estimate

Shift from SMB to Enterprise

•

Strong profitable core business

with strong consumer base

•

Growing partners and products

•

Innovative Krillion platform

is catalyst for multi-screen

expansion

•

Untapped IP portfolio ready for

monetization

•

Shift in focus to Enterprise sales

•

Improving financial performance on

top and bottom line

Reasons to invest:

Convergence around

the consumer

80%

of purchases occur within a

3-mile radius of home

52%

of all sales (online & offline)

will begin on the internet

95%

of smartphone users have

searched for local information

Source: Forrester, 2011

Our mission:

To give consumers the

most relevant and

personalized

information at the right

time and on the right

platform

–

and

continually refine it

until it’s perfect.

The path to purchase is a journey

from Discovery to Decision

We are best equipped to help

consumers along this journey

*Based on 2012 retail sales of the top U.S. product retailers listed within Stores Top 100, excluding grocery and restaurant retailers

Reaching consumers across all devices

Each month we serve billions of

impressions to millions of consumers

60%

Increase

In online advertising spend

expected over the next 4 years

Total online advertising

Online search

Source: eMarketer, 2014

Mobile display

advertising

Source: Borrell Associates, Inc. 2014

Source: eMarketer, 2014

Newer ad formats drive growth

More ad dollars are

shifting to online

Mobile traffic

represents

32%

of our total overall traffic

Working with leading partners to

deliver a superior experience

Helping retailers increase visibility

and connect with more shoppers

Represents retailers and brands included within Krillion index 2014

Connecting more consumers with

the brands they love

Represents retailers and brands included within Krillion index 2014

Investing in innovation as a

primary vehicle for growth

48% of

employees

Local Labs serves as a digital

technology lab and start-up

incubator focused on

innovating the digital

ecosystem that converges

around the digital shopper’s

path from discovery to

decision.

will work in research &

development by 2014

Providing consumers with engaging,

relevant search and ad experiences

Delivering relevant local business

information to nearby shoppers

Powering cross-channel shopping

experiences for brands and retailers

•

Highly interactive

Animation, rolling text and image carousels

•

Location aware

Nearest store, directions and ambient data

•

Integrates mobile features

Maps, tap to call, and calendar reminders

•

Localized content

Store availability, offers and pricing

24% performed

secondary localized

actions after opening

(vs. 2.9% industry benchmark)

Interactive ad content to consumers

at precisely the time they need it

Price and product comparison at

shoppers’

fingertips

Monetize IP portfolio

Positive claim

construction ruling

Cascading Menu patent

trial stayed pending completion of

administrative action with the USPTO

Reviewing options

to maximize value

Pay-Per-Call patent portfolio

Transferring patents

into dedicated IP

holding subsidiary

Structure provides most flexible solution

to leverage value

Consolidating Krillion’s

assets (including patent)

into own subsidiary

Enables us to derive value from the

technology, and better manage and

measure performance and contribution

The patent descriptions herein do not constitute the legal opinion or advice of the patent owner or

their counsel. The reader is encouraged to seek the advice of their own counsel regarding the

scope of any domestic or foreign patents.

Improving financials

Evolving model remains strong

Multiple growth drivers

Investing for growth

(Adjusted EBITDA)

Note: See reconciliation of Adjusted EBITDA to GAAP net income at presentation end.

*Estimate

Stabilize

Execute

GROW

In the last seven quarters,

Network revenue has

grown

$ in Millions

Q1-12

Q2-12

Q3-12

Q4-12

Q1-13

Q2-13

Q3-13

Q4-13

Q1-14

Network Revenue

$4.2

$4.1

$5.0

$7.6

$8.3

$11.6

$14.5

$16.1

$14.8

over 3.5x

Continued strong

Network revenue growth

Addition of new ad technology and partners

Serving more than 3 Billion monthly impressions

Owned & Operated trends

O&O

MUV

–

RKV

(including

mobile)

209%

CAGR Mobile Traffic

over the past five years

of total

overall traffic

Annual mobile traffic (UVs)

82M

129M

21M

2014 financial targets by

business segment

*All 2014 figures are estimates

2014 Revenue

% of 2014 Revenue

Margin %

Network

55,000,000

51%

37%

Owned & Operated

52,000,000

49%

15%

$107,000,000

100%

26%

1Q14 Balance Sheet & Cap. Table

Key Balance Sheet Items

(In Thousands)

3/31/2014

Cash

$3,711

Accounts Receivable

18,219

Total Assets

50,722

Total Debt

14,002

Total Liabilities

32,341

Stockholders Equity

17,669

Capitalization

(In Thousands)

3/31/2014

Common Stock

23,227

Convertible Debentures

2,488

Options (Weighted avg. strike 3.66)

3,855

Warrants

(Weighted avg. strike 2.03)

766

RSUs

Fully Diluted

30,367

Additional Data:

As of March 31, 2014, $12 million credit facility with $9.6 million outstanding and $2 million available under the line of credit. Interest rate approximately 5%

II.

Total authorized shares 65,000,000 common and 10,000,000 preferred

III.

In April 2013, the company closed $5 million in convertible notes. Interest rate of 7%. Conversion price of $2.01. Included 746,000 of warrants with $2.01 exercise price.

IV.

In May 2014, the company filed an omnibus shelf registration statement for up to $40 million of company securities, including any combination of common stock,

preferred stock, debt securities and warrants.

Leadership & Structure

Carlos Caponera

Sr. VP O&O

Eileen Kim

VP Krillion

Brian Singleton

VP Innovation

Eric Orrantia

VP Network

Owned & Operated

Network

Krillion

Innovation

Scott Reinke

Chief Legal Officer

Ken Cragun

Chief Financial Officer

Fred Thiel

Chairman & CEO

Rob Luskey

VP Business Development

Joe Lindsay

VP Technology

Lori Chavez

VP Marketing

Business Development

Technology and Engineering

Marketing

Board of directors

Fred Thiel

Chairman of the Board & Chief Executive Officer

Frederick G. Thiel has more than 25 years of experience leading companies in the

technology, data communications, Internet, Big Data, digital media and software

industries. He was named chairman in January 2014, after joining the board in

January 2013. Fred served as managing partner at Triton Pacific Capital Partners and

founder and managing partner of TechStarter Ventures. He also served as CEO of

GameSpy Industries where he led the company from losses to almost double

revenues in less than one year and led the sale of the company. As chairman and

CEO for Lantronix (LTRX), Fred led a repositioning, doubled the company’s revenue

growth in four years, led four acquisitions and the initial public and secondary

offerings that raised $120+ million. He also serves as a senior advisor to Graham

Partners and as a director for three privately-held companies. Fred attended classes

at the Stockholm School of Economics in Europe.

Norman K. Farra, Jr.

Lead Director

Norman K. Farra Jr. has more than 20 years of strategic leadership experience. Farra

has served as a director since August 2005 and is currently serving as lead director.

He is currently a Managing Director, Investment Banking for Aegis Capital, Inc. Farra

also served as Managing Director of Investment Banking for R.F. Lafferty & Co. Inc.

and Director for Investment Banking for Cresta Capital Strategies, LLC. He was an

independent financial consultant and served as Managing Director of Investment

Banking for GunnAllen Financial Inc.. Farra also served as an independent contractor

acting as Managing Director of Investment Banking for GunnAllen Financial Inc. Farra

received a Bachelor of Science degree in Business Administration from Widener

University.

Phillip K. Fricke

Director

Philip K. Fricke has more than 30 years of strategic leadership experience and has

served as a director since October 2003. Fricke is currently President of PKF

Financial Consultants, Inc., a private company he founded in March 2001, which

provides financial communications services and advisory services to public and

private companies. In the past five years, Fricke has held one other public company

directorship with MI Developments Inc. (from August 2003 to May 2009). Fricke

received a Bachelor of Arts degree and a Master of Arts degree in Psychology, as

well as, a Master of Business Administration degree in Finance and Economics

received from Fairleigh Dickinson University.

David M. Hughes

Director

David M. Hughes has more than 15 years of strategic leadership experience. He is

currently the CEO of The Search Agency, a global digital marketing company.

Hughes served as senior vice president of corporate development for United Online,

Inc. Hughes also served as a management consultant for the Boston Consulting

Group and was an associate with Mercer Management Consulting. Hughes is a

graduate of Harvard University’s Graduate School of Business Administration,

where he received a master’s of business administration. He also holds a bachelor

of arts degree with honors from the University of Western Ontario. He currently

serves as a board member for Spark Networks (NYSE: LOV), YPOLA, and The

Huron University College Foundation USA.

John M. Payne

Director

John M. Payne has more than 30 years of strategic leadership experience. Payne is

currently CEO of SimpleAir, Inc., an inventor-owned technology licensing company

with mobile interests and intellectual property assets. He serves as lead inventor for

the SimpleAir patent portfolio, which covers more than 12 patents, and is widely

licensed in the mobile industry by companies, including Apple® for its Apple Push

Notification. Payne has been CEO of more than 10 digital technology and

enterprise security companies. He led the successful IPO of Stamps.com

(NASDAQ: STMP) and the turnaround of Day Software(SWX: DAYN), which was

acquired by Adobe. He is an experienced fundraiser who has raised more than

$550 million in public and private equity. He currently serves as managing director

for Outset Ventures and as an advisory board member for Digital Offering LLC.

John E. Rehfeld

Director

John E. Rehfeld has more than 30 years of strategic leadership experience and

served as a director since August 2005, as well as lead independent director from

December 2005 to October 2011. Rehfeld has been the adjunct professor of

marketing and strategy for the Executive MBA Program at Pepperdine University,

since 1998 and the University of San Diego , since 2010. He currently serves as

Director of Lantronix, Inc. Rehfeld was previously a Director of ADC

Telecommunication, Inc. and Primal Solutions, Inc. Additionally, Rehfeld currently

holds directorships with several private companies. Rehfeld received a Masters of

Business Administration degree from Harvard University and a Bachelor of Science

degree in Chemical Engineering from the University of Minnesota.

Market Cap/Sales Valuation

Company

Symbol

Price

Market Cap

(in millions)

2014E Sales

(in millions)

Market Cap/Sales

Blucora, Inc.

BCOR

$ 18.85

$ 780.7

$ 656.0

1.2

The Rubicon Project, Inc.

RUBI

$ 13.37

$ 485.1

$ 112.6

4.3

Angie’s List, Inc.

ANGI

$ 12.02

$ 695.1

$ 328.0

2.1

Marchex, Inc.

MCHX

$ 11.30

$ 421.0

$ 183.0

2.3

Autobytel, Inc.

ABTL

$ 13.26

$ 116.8

$ 114.0

1.0

Yelp, Inc.

YELP

$ 76.02

$ 5,310.0

$ 366.0

14.5

Travelzoo Inc.

TZOO

$ 19.28

$ 281.6

$ 163.0

1.7

XOXO Group Inc.

XOXO

$ 11.96

$ 305.8

$ 142.0

2.2

Demand Media

DMD

$ 4.74

$ 428.8

$ 357.0

1.2

Rocket Fuel Inc.

FUEL

$ 27.16

$ 940.0

$ 422.0

2.2

Average

3.3

Local Corporation

LOCM

$ 1.90

$ 45.4

$ 107.0

0.4

Reconciliation: Adjusted EBITDA

to GAAP Net Income

Note: Since we cannot predict the valuation of the warrant liability and the conversion option liability, we cannot

reasonably project our GAAP net income (loss). We, therefore, cannot provide GAAP guidance, but we do report

GAAP results. An explanation of the Company’s use of Non-GAAP measures is set forth on Slide 30

*Estimate

Description

FY-09

FY-10

FY-11

FY-12

FY-13

FY-14*

Adjusted EBITDA

$3,041

$13,775

$3,247

$777

$4,533

$4,000

Less interest and other income (expense), net

(27)

(275)

(413)

(425)

(2,321)

(1,700)

Less provision for income taxes

(158)

(102)

(178)

(111)

(139)

(200)

Less amortization of intangibles

(2,524)

(5,734)

(4,864)

(3,611)

(912)

(900)

Less depreciation

(734)

(1,418)

(3,182)

(3,658)

(3,896)

(4,000)

Less stock-based compensation

(2,364)

(2,911)

(3,442)

(2,533)

(1,619)

(800)

Less LEC receivable reserve

(1,407)

Less net loss from discontinued operations

(6,899)

(14,250)

(3,729)

Plus gain on sale of Rovion

1,458

Plus revaluation of warrants

(2,981)

887

2,633

202

1,100

Less Geo-Tag settlement

(550)

Less non-recurring charges

(520)

(1,461)

(684)

(2,829)

(1,800)

GAAP Net income (loss)

$(6,267)

$4,222

$(14,559)

$(24,242)

$(10,362)

$(5,400)

Use of non-GAAP measures

This

document

includes

the

non-GAAP

financial

measure

“Adjusted

EBITDA”

which

define

net

income

(loss)

excluding:

provision

for

income

taxes;

interest

and

other

income

(expense),

net;

depreciation;

amortization;

stock

based

compensation

charges;

gain

loss

derivatives’

revaluation,

net

income

(loss)

from

discontinued

operations;

gain

sale

Rovion;

impairment

charges;

LEC

receivables reserve; finance related charges; accrued lease liability/asset; and severance charges. Adjusted EBITDA, as defined above,

is not a measurement under GAAP. Adjusted EBITDA is reconciled to net income (loss) which we believe is the most comparable GAAP

measure. A reconciliation of net income (loss) to Adjusted EBITDA is set forth within this presentation.

Management believes that Adjusted EBITDA provides useful information to investors about the company’s performance because it

eliminates the effects of period-to-period changes in income from interest on the company’s cash and marketable securities, expense

from the company’s financing transactions and the costs associated with income tax expense, capital investments, stock-based

compensation expense, LEC receivables reserve, warrant revaluation charges; finance related charges; accrued lease liability; and

severance charges which are not directly attributable to the underlying performance of the company’s business operations. Management

uses Adjusted EBITDA in evaluating the overall performance of the company’s business operations.

limitation

non-GAAP

Adjusted

EBITDA

that

excludes

items

that

often

have

material effect on the company’s net income and

earnings per common share calculated in accordance with GAAP. Therefore, management compensates for this limitation by using

Adjusted EBITDA in conjunction with net income (loss) and net income (loss) per share measures. The company believes that Adjusted

EBITDA provides investors with an additional tool for evaluating

the company’s core performance, which management uses in its own

evaluation of overall performance, and as a base-line for assessing the future earnings potential of the company.

While

the

GAAP

results

are

complete,

the

company

prefers

allow investors to have this supplemental metric since, with

reconciliation to GAAP; it may provide greater insight into the company’s financial results. The non-GAAP measures should be viewed as

a supplement to, and not as a substitute for, or superior to, GAAP net income (loss) or earnings (loss) per share.

Thank You

Thank you

Fred Thiel

Chairman & CEO

fred@local.com

Local

Corporation

7555

Irvine

Center

Drive

Irvine

92618

949.784.0800

www.localcorporation.com

Ken Cragun

CFO

kcragun@local.com

Local (LOCMQ) Inactive 8-KRegulation FD Disclosure