Local.com (Nasdaq:LOCM) Driven by Web Domain Properties, Octane360

Local.com (Nasdaq:LOCM) will continue to be driven by the thousands of domain properties they manage, along with their latest growth engine: Octane360.

On Octane360, MDB Capital said, "With the acquisition of Octane360 the company is now focused on building its advertiser base through the sale of the Exact Match product, which monetizes at a much higher rate than Local.com's typical business listing customer."

Concerning the Web domains they added, "In our view, the increased traffic that could potentially come from the effective ownership/management of hundreds of thousands of local domains represents a probable new and very large revenue source for 2011 and beyond. Additionally, we suggest that this potential revenue is as yet unrecognized by investors."

Local.com closed Wednesday at $$5.82, up $0.11, or 1.93 percent.