Interchange Appoints New Vice President of Marketing

As Interchange's Vice President, Ms. Black brings a wealth of bothonline and offline marketing, strategic thinking, business developmentand e-commerce experience to the Orange County-based company. Joiningthe executive team, Ms. Black will assist the company to continue thegrowth of Local.com. Her primary responsibilities include searchengine marketing, promotion, branding and all marketing functions forthe company.

"Local.com has quickly established itself as a leading localsearch engine in the eight months since launch. I look forward toexpanding on that base and developing branding and promotions whilecontinuing to build on successful traffic acquisition strategies," Ms.Black said.

At Autobytel, the industry leader in the online automotive space,Ms. Black was instrumental in driving traffic and monetizingpartnerships at the Autobytel network of sites. During her tenure, shewas responsible for spearheading traffic partnership deals withAmerica Online, United Online and Earthlink. Ms. Black brings 15 yearsof experience managing marketing and business efforts for a diversearray of online companies. Prior to Autobytel, Ms. Black held seniormarketing and strategy positions at Teleflora and Overstock.com.

"We are thrilled to be able to tap into Jennifer's extensiveexperience in both online and offline marketing," said Bruce Crair,Interchange COO. "Jennifer's track record with Autobytel andOverstock.com make her the ideal candidate to lead our marketingefforts."

About Interchange

Interchange Corporation (Nasdaq:INCX) owns Local.com(www.local.com), a leading local-search engine that has grown to over8 million visitors per month and is powered by the company'sproprietary Keyword DNA(TM) and local-web indexing technologies. Thecompany serves local and national Internet, wireless and operatorassisted local-search markets in the United States and Europe.Interchange generates revenue principally from paid-searchadvertising. The company recently launched a domain syndicationnetwork in the United States, and has also announced plans to launchLocal.com in various markets during 2006, including the just launcheduk.local.com.

The company is headquartered in Irvine, California, with Europeanheadquarters in Stockholm, Sweden. For more information onInterchange, please visit: www.interchangeusa.com.

Forward-Looking Statements: All statements other than statementsof historical fact included in this document regarding our anticipatedfinancial position, business strategy and plans and objectives of ourmanagement for future operations, are forward-looking statements. Whenused in this report, words such as "anticipate," "believe,""estimate," "plans," "expect," "intend" and similar expressions, asthey relate to Interchange or our management, identify forward-lookingstatements. Any forward-looking statements are based on the beliefs ofour management as well as assumptions made by and informationcurrently available to our management. Actual results could differmaterially from those contemplated by the forward-looking statementsas a result of certain factors, including, but not limited to, ourability to stabilize our national paid search advertising business,our ability to operate, grow and monetize our local search engine,Local.com, and incorporate our local-search technologies, market theLocal.com domain as a destination for consumers seeking local-searchresults, grow our business by enhancing our local-search services,improve our filtering technologies expand our Advertiser andDistribution Networks, expand internationally, integrate theoperations and effectively utilize the technology of Inspire, aSwedish Internet and wireless local-search technology company, whichwe recently acquired, integrate the operations and effectively utilizethe technology of Inspire, develop our products and sales, marketing,finance and administrative functions and successfully integrate ourexpanded infrastructure, as well as our dependence on majoradvertisers, competitive factors and pricing pressures, changes inlegal and regulatory requirements, and general economic conditions.Any forward-looking statements reflect our current views with respectto future events and are subject to these and other risks,uncertainties and assumptions relating to our operations, results ofoperations, growth strategy and liquidity. All subsequent written andoral forward-looking statements attributable to us or persons actingon our behalf are expressly qualified in their entirety by thisparagraph.

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