Local.com Up Almost 3% (LOCM)

Local.com Corp.

shares just started spiking, gaining 11 cents to $4.50, a gain of 2.5% on 1.8 million shares. The company announced on Friday it would be launching a "Groupon-type" business unit, which sent shares soaring in after-hours trading. Local.com Corporation provides local search services on the Internet. It operates Local.com, a local business directory site that provides information on approximately 14 million local businesses