stannguru • Jun 29, 2015 6:22 PM
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What is the value of a company, which described the CFO last week:
The Irvine, Calif., company said that Local's flagship-site draws about 14 million monthly visitors, and took in $83 million in revenue last year from advertising such as pay-per-click, pay-per-call and banner ads.
Mr. Cragun said the industry of local searches on the Internet is expected to grow in the U.S. market from $6.3 billion in 2013 to $8.6 billion by 2017, citing a report from Virginia-based BIA/Kelsey, a local media research firm.
Founded in 1999, Local Corp. also delivers search results to a network of more than 1,600 other websites. That draws another five million monthly visitors.
“The value of the [company’s] business lies in its technologies, unique products, scalable platforms, extensive partner network, employees, and the thousands of customers and clients who use its services daily,” Mr. Cragun said.
Local Corp has debts of only 12 million and the Accounts Payable are 5 million higher than the Net Receivables = together 17 Million-
Monetizations of assets of Local Corp of more than about 20 Million (17 Million and costs of chapter 11) are value for existing shareholders