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May 10, 2012 5:00 pm ET
Janine Zanelli – Investor Relations
Heath B. Clarke – Chairman and Chief Executive Officer
Kenneth S. Cragun – Chief Financial Officer and Secretary
Jon R. Hickman – Ladenburg Thalmann & Co. Inc.
Edward M. Woo – Ascendiant Capital Markets
Good afternoon. My name is Sunny, and I will be your conference operator today. At this time, I’d like to welcome everyone to the First Quarter 2012 Local Corporation’s financial results conference call. (Operator Instructions)
Thank you. It is now my pleasure to turn the call over to Ms. Janine Zanelli. Please go ahead ma’am.
Welcome to Local Corporation’s first quarter 2012 conference call. With me are Local’s Chairman and CEO, Heath Clarke; and our Chief Financial Officer, Ken Cragun. Heath and Ken will discuss our first quarter 2012 results and updated guidance for the full year 2012. We’ll then open the lines for questions.
Today’s discussion includes forward-looking statements that are subject to risks and uncertainties that can cause actual results to differ materially from those expressed in the forward-looking statement. These risks and uncertainties will be outlined at the end of this conference call and are detailed in Local.com’s SEC filings. Any forward-looking statements are only made as of the date of this conference call and we undertake no obligation to update such statements to reflect subsequent events or circumstances.
We use non-GAAP financial measures in evaluating our financial performance. Please refer to the press release we issued today for how we define such non-GAAP measures and our reasons for using them as well as a detailed review of our first quarter 2012 results including the corresponding GAAP financial measures and a reconciliation of our non-GAAP to GAAP financial measures.