Locafy Limited Announces Operations Update June 2022

Rhea-AI Summary

Locafy Limited (NASDAQ: LCFY, LCFYW) reported a significant operational update for May 2022. The company achieved over 60% Page 1 search engine rankings across global markets, with 43% in Top 3 positions. These gains come amid algorithm changes from a major search engine provider, with Locafy's patented platform quickly adapting to enhance customer outcomes. Additionally, the company expanded its reseller base by over 20% within the same month, reaching a total of 125 global resellers.

Positive

• 60%+ Page 1 search engine rankings across global markets.
• 43% of customers ranked in the Top 3 search positions.
• Reseller base grew by over 20% to 125 global resellers.

Negative

• None.

Key Highlights

• Locafy’s Page 1 search engine rankings across all business types and all global markets now exceed 60%, with more than 43% in Top 3 positions
• Ranking improvements come as search engine giant shifts search algorithms
• Reseller base grew by more than 20% in May

PERTH, AUSTRALIA, June 21, 2022 (GLOBE NEWSWIRE) --

Locafy Limited (NASDAQ: LCFY, LCFYW) (“Locafy” or “the Company”) today provides an operations update for the month of May.

“In the last few months, we have seen some significant updates by one of the largest search engine providers globally, the latest being in May,” said Locafy CEO Gavin Burnett.

Pleasingly our patented platform has not only quickly adapted to these changes but lifted overall customer ranking results.

We’re now seeing in all the global markets that we operate in, our customers appear on the crucial Page 1 of search results over 60% of the time, with more than 43% in Top 3 positions.

While we are one of the few search engine optimization (SEO) companies globally to publicly publish our customer outcomes, we believe these results are at the high end of the $700 billion optimization sector,” said Mr Burnett.

Locafy customers globally had their websites updated in minutes as search engines shifted their focus.

“When changes occur, we are able to adapt and upgrade our entire client base’s published landing page solutions centrally, rather than individually updating each one,” said Mr Burnett.

“Our clients are busy businesses who care about outcomes rather than being taken through a laborious manual process.”

Locafy grew its reseller base by more than 20% from April to the end of May, to reach 125 global resellers.

Growth in resellers is a key endorsement in Locafy’s cost-effective and patented technology as many are selling the product across their existing client relationships.

About Locafy Limited

Founded in 2009, Locafy’s (NASDAQ: LCFY, LCFYW) mission is to revolutionize the US$700 billion SEO sector. We help businesses and brands increase search engine relevance and prominence in a specific proximity using a fast, easy, and automated approach.

For more information, visit www.locafy.com 

Safe Harbor Statement

This press release contains “forward-looking statements” that are subject to substantial risks and uncertainties. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as “subject to”, “believe,” “anticipate,” “plan,” “expect,” “intend,” “estimate,” “project,” “may,” “will,” “should,” “would,” “could,” “can,” the negatives thereof, variations thereon and similar expressions, or by discussions of strategy, although not all forward-looking statements contain these words. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, they do involve assumptions, risks, and uncertainties, and these expectations may prove to be incorrect. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website (http://www.sec.gov). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.

Contacts

Media Chris Fogarty FMC Change T: +61 420 928 924 E: chris@fmcchange.com

Investors Locafy Investor Relations Locafy Limited E: investor@locafy.com

To keep updated on Locafy’s news releases and SEC filings, please subscribe to email alerts at https://investor.locafy.com/email-alerts

FAQ

What recent achievements has Locafy Limited made in search engine rankings?

Locafy Limited achieved over 60% Page 1 search engine rankings and 43% in Top 3 positions in May 2022.

How has Locafy's reseller base changed recently?

Locafy's reseller base grew by more than 20% in May 2022, reaching 125 global resellers.

What impact did search engine algorithm changes have on Locafy?

Locafy's patented platform adapted quickly to recent search engine algorithm changes, improving customer ranking results.

What is Locafy's stock symbol?

Locafy's stock symbols are LCFY and LCFYW.