NEW YORK, NY, April 09, 2015 /24-7PressRelease/ -- Local Corporation (LOCM) now powers search for US Cellular (USM) and TracFone (AMX) with more carriers in negotiation, according to sources. With a combined customer base reach of over 30 million this represent a huge win for Local Corporation.
Needless to say, Local Corporation's move to mobile just got a huge shot in the arm as the revenues from these agreements could be huge. Mobile has taken over as consumers spend time on their devices and Ad Revenues are projected to surpass Television. Local Corporation stands in very good footing as it works to partner with other carriers and providers.
Local Corporation's NQuery product really represents a shift in the company's mindset as it seeks to re-make itself. It is already paying dividends and hopefully future quarters reflect that. With costs cut and Local Corporation's lean mentality they are uniquely positioned to make a huge turn around. The amount of growth potential alone is tremendous with over 7.2 Billion mobile devices, over 43% of all Google searches being local, and 78% of local searches resulting in some type of offline action according to comScore. All of this means that LOCM may have just hit the jackpot with its new product line.
With working on various high growth areas Local Corp should be able to capitalize on highly under served market of tier 2 wireless providers looking to increase revenues through advertising. These partnerships reflect that demand and show the long term potential of a deal that could mean really big things for Local Corp in the coming years.
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